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Almarai Company (“The Company”) announces its interim condensed consolidated financial results for the period ending on 31-03-2025 (Three Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 5,767,090 | 5,458,641 | 5.65 | 5,157,329 | 11.823 |
| Gross Profit (Loss) | 1,768,655 | 1,708,461 | 3.523 | 1,583,359 | 11.702 |
| Operational Profit (Loss) | 874,136 | 868,866 | 0.606 | 591,127 | 47.876 |
| Net profit (Loss) | 731,194 | 692,227 | 5.629 | 430,726 | 69.758 |
| Total Comprehensive Income | 903,439 | 504,138 | 79.204 | 205,110 | 340.465 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 19,703,053 | 18,337,142 | 7.448 |
| Profit (Loss) per Share | 0.74 | 0.7 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenues increased by 6% due to strong volume growth and improved Ramadan performance led by the Fresh Dairy, Juice, and Poultry categories. The EGP devaluation in Egypt offset the growth by 1%. |
| 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 positive impact of higher revenue growth of 6% resulted in a corresponding net profit improvement that was partially offset by higher energy costs.
In addition, higher planned capital investments resulted in increased capitalization of interest cost, which also supported the net profit growth. Contribution of various Business Categories towards the 6% increase in net profit growth is as follows: •Dairy & Juice Category: Net profit increased compared to last year due to improved sales in all markets, supported by robust performance in the Ramadan season, especially for fresh dairy categories. •Bakery Category: Net profit grew in line with volume and revenue growth. •Poultry Category: Growth in net profit was driven by strong volume growth across all countries and supported by production efficiencies. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase of 12% in Revenue for the first quarter of 2025 (SAR 5,767 million), as compared to the fourth quarter of 2024 (SAR 5,157 million), is due to higher sales of fresh dairy, food and poultry categories driven by seasonal consumption patterns and Ramadan. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase of 70% in the Consolidated Profit Attributable to the Company’s Shareholders for the first quarter of 2025 (SAR 731 million), as compared to the fourth quarter of 2024 (SAR 431 million) is due to higher sales driven by improved product mix, seasonal adjustments in consumption patterns and Ramadan. |
| 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 | For more information, please see note 2.1 in the condensed consolidated interim financial statements for the three Months period ended 31st March 2025. |
| Additional Information | Almarai is pleased to report a strong performance for the first quarter of 2025, with positive revenue growth in most product categories and geographies, driven by higher volume growth and Ramadan. This strong group performance was able to absorb the adverse impact of the Egyptian pound devaluation. Net profit also grew inline with the strong revenue growth by effective cost management despite the higher energy costs. Almarai will continue to effectively manage its supply chain and operational risks and will leverage inventory cover, where appropriate. |
| Attached Documents |  |
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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