Horizon Food Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 16,743,211 | 15,739,594 | 6.376 | 18,138,082 | -7.69 |
| Gross Profit (Loss) | 5,640,306 | 5,510,445 | 2.356 | 6,104,507 | -7.604 |
| Operational Profit (Loss) | 2,048,202 | 2,621,197 | -21.86 | 3,121,520 | -34.384 |
| Net profit (Loss) | 1,846,232 | 2,529,519 | -27.012 | 3,099,816 | -40.44 |
| Total Comprehensive Income | 1,846,232 | 2,529,519 | -27.012 | 3,099,816 | -40.44 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 53,710,268 | 45,864,898 | 17.105 |
| Gross Profit (Loss) | 17,881,236 | 14,914,824 | 19.889 |
| Operational Profit (Loss) | 8,431,702 | 7,119,165 | 18.436 |
| Net profit (Loss) | 8,368,951 | 6,968,189 | 20.102 |
| Total Comprehensive Income | 8,368,951 | 6,968,189 | 20.102 |
| Total Shareholders Equity (after Deducting Minority Equity) | 120,529,612 | 109,321,667 | 10.252 |
| Profit (Loss) per Share | 1.05 | 0.87 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage 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 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 | The increase in revenues during the current quarter compared to the corresponding quarter of the previous year is due to the growth in sales volume driven by higher demand for the company’s products and the improvement in the sales mix, in addition to the implementation of more effective marketing strategies and enhanced operational efficiency, which positively reflected on financial performance and resulted in a 6% growth in 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 decrease in net profit during the current quarter compared to the corresponding quarter of the previous year by 27% is due to several factors, including advisory and regulatory commitments related to the company’s transition to the main market, where several specialized entities were contracted to support this process. These included the appointment of an external auditor to prepare financial reports and conduct due diligence, the appointment of a legal consulting firm to follow up on the legal and regulatory requirements related to the transition, and the appointment of a lead financial advisor responsible for the transition process.
This increase in expenses is exceptional and temporary in nature, related to the company’s organizational transformation phase, and expenses are expected to return to normal levels after the completion of the transition requirements. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in revenues during the current quarter compared to the previous quarter by 7.6% is due to normal seasonal factors that affected sales volume during the period, while the company maintained stable levels of operational efficiency and balanced pricing strategies, which are expected to help offset this slight decline in the coming periods. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit during the current quarter compared to the previous quarter by 40.44% is due to the decline in revenues and operating profit as a result of seasonal factors that affected sales volume, in addition to several factors, including advisory and regulatory commitments related to the company’s transition to the main market. Several specialized entities were contracted to support this process, including the appointment of an external auditor to prepare financial reports and conduct due diligence, the appointment of a legal consulting firm to follow up on the legal and regulatory requirements related to the transition, and the appointment of a lead financial advisor responsible for the transition process.
This increase in expenses is exceptional and temporary in nature, related to the company’s organizational transformation phase, and expenses are expected to return to normal levels after the completion of the transition requirements. |
| 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 sales/revenues during the current period compared to the corresponding period of the previous year by 17.10% is due to the growth in sales volume driven by higher demand for the company’s products, along with the expansion of marketing activities and the improvement of operational efficiency, which contributed to enhancing production capacity and increasing the level of 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 increase in net profit during the current period compared to the corresponding period of the previous year by 20.1% is due to the significant increase in sales driven by higher demand for the company’s products and improved operational efficiency, which positively reflected on profit margins. Strategic initiatives also contributed to improving the cost structure and enhancing resource management efficiency, helping to achieve strong financial results that reflect the company’s solid financial position and sustainable growth. |
| 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) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | The company confirms that the positive performance achieved during the current period reflects the success of its well-planned expansion strategies and the improvement in operational efficiency, supported by increased demand and enhanced productivity. The company continues to invest in developing its products and strengthening its production and marketing capabilities to ensure sustainable growth and deliver added value to shareholders over the long term. |
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