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Nofoth Food Products Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )

2288
NOFOTH
-1.08 %
1447/02/10     04/08/2025 08:24:42

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 105,494,15084,097,01025.443114,295,222-7.7
Gross Profit (Loss) 65,661,92651,261,99128.0973,272,063-10.386
Operational Profit (Loss) 12,381,7529,593,76929.0620,254,126-38.868
Net profit (Loss) 12,474,78810,247,92321.72920,227,116-38.326
Total Comprehensive Income 12,474,78810,247,92321.72920,227,116-38.326
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 219,789,372179,320,01322.568
Gross Profit (Loss) 138,933,989110,538,16825.688
Operational Profit (Loss) 32,635,87826,323,37223.98
Net profit (Loss) 32,701,90427,137,76820.503
Total Comprehensive Income 32,701,90427,137,76820.503
Total Shareholders Equity (after Deducting Minority Equity) 162,112,974141,319,42914.713
Profit (Loss) per Share 0.340.28
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 --
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 company's revenues for the current quarter increased to SAR 105,494,150, compared to SAR 84,097,010 for the same quarter of the previous year, achieving an increase of SAR 21,397,140, with a growth rate of 25.44%.

This increase is mainly due to the expansion of sales channels, the launch of new brands, and the development of outstanding products, which contributed to boosting demand and increasing revenues.

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 company's net profit after zakat and tax increased to SAR 12,474,788, compared to SAR 10,247,923 for the same quarter of the previous year, achieving an increase of SAR 2,226,865, with a growth rate of 21.73%.

This growth was driven by higher sales, the introduction of new products, and improved operational efficiency.

The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The company’s revenue decreased during the current quarter to SAR 105,494,150, compared to SAR 114,295,222 in the previous quarter, representing a decline of SAR 8,801,072, or 7.70%.

This decrease is attributed to seasonal patterns in consumer behavior, which led to a drop in demand compared to the previous quarter.

The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The company recorded a net profit of SAR 12,474,788 during the current quarter, compared to SAR 20,227,116 in the previous quarter, reflecting a decrease of SAR 7,752,328, representing a decline of 38.33%.

This decrease is primarily attributed to a decline in sales during the quarter due to seasonal factors.

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 company’s revenues for the current period increased to SAR 219,789,372, compared to SAR 179,320,013 for the same period of the previous year, achieving an increase of SAR 40,469,359, with a growth rate of 22.57%.

This increase is primarily attributed to the expansion of sales channels, the launch of new brands, and the development of outstanding products, which contributed to boosting demand and increasing revenues.

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 company's net profit increased to SAR 32,701,904, compared to SAR 27,137,768 for the same period of the previous year, achieving an increase of SAR 5,564,136, with a growth rate of 20.50%.

This growth was driven by higher sales, the introduction of new products, and enhanced operational efficiency.

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) None
Reclassification of Comparison Items None
Additional Information -

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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