Saudi Arabia · Delayed Price · Currency is SAR Almarai Company Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 7% revenue growth driven by volume, especially in poultry and Egypt, with EBIT margin at 14% and net income stable year-over-year. Management is proactively managing risks from the Iran conflict, maintaining high liquidity and cost controls.
Fiscal Year 2025
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Third quarter saw 7% revenue and 8% net income growth, driven by strong volume gains across all categories and markets, especially Egypt. Poultry faced margin pressure from discounting, while the water acquisition added revenue but diluted margins.
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Q2 2025 saw 3% revenue and 4% net income growth, driven by strong volume, especially in food, bakery, and poultry. Despite cost pressures and one-off items, margins remained healthy, and the company is confident in continued growth, supported by investments and new product launches.
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Q1 2025 saw 6% revenue and net income growth, driven by strong GCC performance and robust execution during Ramadan. Capital investments rose, margins were pressured by higher diesel and commodity costs, but efficiency initiatives are expected to offset these impacts.
Fiscal Year 2024
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Revenue grew 7% in 2024 with net income up 13% and margin improvements across all segments. Strong cash flow supported high CapEx and a proposed SAR 1 billion dividend, while efficiency initiatives aim to offset diesel cost headwinds in 2025.
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Q3 2024 saw 9% revenue and 17% net income growth, with all core categories and geographies (except Egypt) contributing. Margins improved on efficiency and stable costs, while significant investments and the Hammoudeh acquisition support future growth.
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Q2 2024 saw 8% revenue and 11% net profit growth, driven by volume gains, cost control, and strong performance across all segments. Management expects continued margin improvement and robust cash flow, with strategic investments in poultry and adjacent categories supporting future growth.