Almarai Reports Interim Financial Results for Six Months Ending June 30, 2026

06/07/2026 05:32 AST

Almarai Company announced its interim condensed consolidated financial results for the six-month period ending June 30, 2026, through Tadawul (Saudi Exchange).

For the second quarter, sales reached SAR 5.87 billion, an increase of 11% compared to SAR 5.29 billion in the same quarter of 2025. Gross profit rose 6% to SAR 1.82 billion, while operating profit remained stable at SAR 813.6 million. Net profit attributable to shareholders declined by 2% to SAR 635.7 million, compared to SAR 646.9 million in the same quarter last year. Compared to the previous quarter, revenue decreased by 5% and net profit fell by 13%, reflecting seasonal consumption patterns and cost inflation pressures.

For the six-month period, sales totaled SAR 12.03 billion, up 9% from SAR 11.06 billion in the prior year. Gross profit increased 6% to SAR 3.69 billion, while operating profit remained steady at SAR 1.69 billion. Net profit attributable to shareholders stood at SAR 1.37 billion, a slight decrease of 1% compared to SAR 1.38 billion last year. Total comprehensive income declined 19% to SAR 1.27 billion, while shareholders' equity rose 7% to SAR 20.63 billion. Earnings per share were reported at SAR 1.38, compared to SAR 1.39 in the previous year.

The company explained that revenue growth was driven by increased sales volumes across all markets, product categories, and sales channels, supported by poultry expansion projects and an improved revenue mix in dairy. Net profit was impacted by higher feed shipping costs in the dairy segment and increased distribution costs due to elevated energy expenses.

By category, the dairy and juice segment recorded lower profits in the quarter due to cost pressures, while bakery and protein segments showed improved performance. For the six-month period, dairy and juice profits increased due to improved revenue mix and stronger performance in Egypt, bakery profits rose on better sales mix, while protein profits declined due to poultry market supply conditions in the first quarter.

Almarai noted that its external auditor issued an unmodified conclusion and no remarks were mentioned in the report. The company stated it continues to monitor regional conditions, manage supply chain risks, and leverage inventory cover where appropriate.

Borsatalkhaleej