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Development Works Food Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )

6013
DWF
1.40 %
1447/05/13     04/11/2025 15:42:14

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 26,413,38125,488,6353.62828,664,894-7.854
Gross Profit (Loss) 1,067,6791,881,976-43.2683,284,304-67.491
Operational Profit (Loss) -316,364363,014-1,932,778-
Net profit (Loss) -945,447-467,377102.2871,089,393-
Total Comprehensive Income -945,447-467,377102.2871,089,393-
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 82,330,87575,548,5758.977
Gross Profit (Loss) 7,745,6026,379,96721.405
Operational Profit (Loss) 3,569,9793,752,462-4.863
Net profit (Loss) 1,563,0661,733,348-9.823
Total Comprehensive Income 1,563,0661,733,348-9.823
Total Shareholders Equity (after Deducting Minority Equity) 24,040,56422,592,9196.407
Profit (Loss) per Share 0.590.56
All figures are in (Actual) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
Accumulated Losses -6,478,552-21.6
All figures are in (Actual) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The increase in revenue during the current quarter compared to the revenue of the same quarter of the previous year is due to the growth in sales of the "Juice Time" brand, as part of the management's adoption of a strategy aimed at raising the quality of current products and launching new products that are in line with the aspirations and needs of customers.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The decrease in net profit during the current quarter compared to the net profit for the same quarter of the previous year is due to the period bearing pre-operating costs for the branches being opened for the Beef Shots brand, in addition to the increase in general and administrative expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the decrease in sales during the current quarter compared to the previous quarter is due to a decline in sales due to seasonality, as the demand for the company’s products decreases with the beginning of winter, which has affected sales in the current period.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the decrease in net profit during the current quarter compared to the previous quarter is due to the decline in sales due to seasonality, as well as the current quarter bearing pre-operating costs for the branches being opened for the Beef Shots brand, in addition to the increase in general and administrative expenses, which had an impact on the decrease in net profit during the current quarter.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The increase in revenue during the current period compared to the same period of the previous year is due to the growth in sales of the "Juice Time & Beef Shots" brands and the improvement in sales of the "Quiznos" brand.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The decrease in net profit during the current period compared to the same period of the previous year is due to the company bearing pre-operational costs for the branches being opened for the Beef Shots brand, in addition to the increase in general and administrative expenses, which had an impact on the decrease in net profit during the period.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NA
Reclassification of Comparison Items Some figures from the comparison period have been reclassified to conform to the current period presentation.
Additional Information The company's accumulated losses reached SAR 6,478,552, representing 21.6% of its capital, based on the financial results for the period ending September 30, 2025. This is attributed to the company's expansion with new branches of the Beef Shots brand. This expansion resulted in pre-operating costs, which directly contributed to the increased losses during the current quarter. Management anticipates increased revenues in the coming periods following the full opening of the remaining branches.

The procedures and regulations applicable to companies listed on the Saudi Stock Exchange whose accumulated losses reach 20% or more of their capital will be applied.

The company affirms its commitment to addressing these losses and improving its financial performance. Management is currently working to enhance operational efficiency and explore new revenue opportunities. The company also emphasizes the importance of transparency and full disclosure to its shareholders and the public, and will disclose any material developments related to its financial position in a timely manner and in accordance with applicable regulations.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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