Al-Jouf Agricultural profit rises 8%, approves $2.8m dividend

27/02/2026 06:48 AST

Al-Jouf Agricultural Development Co. reported a 7.92 percent rise in 2025 net profit as revenue jumped 22 percent, while the Saudi agribusiness approved SR10.5 million in cash dividends for the second half.

The company posted net profit attributable to shareholders of SR81.26 million ($21.66 million) for the year ended Dec. 31, 2025, compared with SR75.30 million a year earlier, according to a filing on the Saudi Exchange.

JADCO is a Saudi agribusiness firm involved in the production, processing, and marketing of agricultural products, operating modern farms and processing facilities that support the Kingdom's food security and sustainable agricultural development.

In a Tadawul release, the company stated: "The increase in net profit for the current year compared to the previous year is attributable to the rise in sales during the current year by SR129 million, driven by higher quantities sold from both the industrial and agricultural sectors, in addition to the increase in other income and the decrease in zakat expense."

It added: "This comes despite the increase in selling and distribution expenses, general and administrative expenses, and financing costs."

Revenue climbed 22.21 percent to SR712.22 million, driven by higher sales volumes in the industrial segment alongside increased production and sales of wheat and potato crops. Gross profit rose 16.37 percent to SR205.65 million, while operating profit increased 6.68 percent to SR90.43 million.

Separately, the company approved cash dividends totaling SR10.5 million for the second half of 2025, equivalent to 3.5 percent of the share's par value, according to a Tadawul announcement.

The dividend will be distributed within 15 working days from the eligibility date of March 16, 2026, with payments transferred directly to shareholders' investment accounts. Dividends paid to non-resident investors will be subject to a 5 percent withholding tax in line with Saudi income tax regulations.

Arab News