Herfy Food Services Co (6002)

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News

10 August 12:46 PM Herfy Food reports 24% lower net losses in H1-25

Riyadh - Mubasher: Herfy Food Services Company suffered net losses of SAR 17.69 million in the first half (H1) of 2025, marking a 23.88% year-on-year (YoY) fall from SAR 23.24 million. The sales declined by 6.27% YoY to SAR 553.10 million in the …

Financial Results

7 May 08:59 AM Herfy Food swings to losses in Q1-25; revenues fall 7%

Riyadh – Mubasher: Herfy Food Services Company turned to net losses valued at SAR 18.59 million in the first quarter (Q1) of 2025, against net profits worth SAR 448,244 in Q1-24. The revenues dropped by 7.08% year-on-year (YoY) to SAR 268.55 …

Financial Results

11 March 03:33 PM Herfy Food turns to losses at SAR 116.5m in 2024 amid lower revenue

Riyadh – Mubasher: Herfy Food Services Company posted a net loss of SAR 116.52 million in 2024, against a net profit of SAR 8.38 million in 2023. The revenue stood at SAR 1.12 billion as of 31 December 2024, down by 4.17% year-on-year (YoY) from …

Financial Results

28 October 2024 11:00 AM Herfy Food swings to losses in 9M-24; revenues down

Riyadh – Mubasher: Herfy Food Services Company shifted to net losses valued at SAR 56.61 million in the first nine months (9M) of 2024, compared to net profits worth SAR 2.76 million in 9M-23. Revenues stood at SAR 868.81 million in 9M-24, down …

Financial Results

6 August 2024 01:53 PM Herfy Food’s net losses deepen 181% in H1-24

Riyadh – Mubasher: The net losses of Herfy Food Services Company widened by 180.80% year-on-year (YoY) to SAR 23.24 million in the first half (H1) of 2024, compared to SAR 8.27 million. The revenues amounted to SAR 590.16 million in H1-24, an …

Financial Results

2 May 2024 00:32 PM Herfy Food Services hires new Chairman, Vice Chairman

Riyadh – Mubasher: Herfy Food Services Company announced appointing new Chairman and Vice Chairman for a term of four years. The company appointed Mutaz Qusai Alazawi as Chairman and Esam Majed Al Muhaidib as Vice Chairman, according to a bourse …

Board of Directors

25 April 2024 11:33 AM Herfy Food Services shifts to profitability in Q1-24

Riyadh – Mubasher: Herfy Food Services Company turned to profitability during the first quarter (Q1) of 2024, recording a net profit of SAR 448,244, versus a net loss of SAR 12.81 million in the same quarter a year earlier. Revenues grew 5.05% …

Financial Results

21 April 2024 02:57 PM Herfy’s CEO Bader resigns

Riyadh – Mubasher: Herfy Food Services Company accepted the resignation of Sam Mohamed Bader from his position as its CEO due to personal reasons. Bader submitted his resignation on 19 April and became effective on 21 April 2024, according to a …

Management Decisions

6 February 2024 11:28 AM Herfy records 136.5% leap in 2023 net profits

Riyadh – Mubasher: Herfy Food Services Company registered SAR 8.38 million in net profit during 2023, higher by 136.49% than SAR 3.54 million in 2022. The revenues amounted to SAR 1.17 billion last year, lower by 5.63% than SAR 1.24 billion as of …

Financial Results

2 November 2023 05:37 PM Herfy witnesses plunge in 9M-23 net profits

Riyadh – Mubasher: Herfy Food Services Company registered net profits after Zakat and tax amounting to SAR 2.76 million in the first nine months (9M) of 2023, an annual drop of 95.61% from SAR 62.83 million. Revenues went down by 7.23% …

Financial Results

19 March 2023 04:34 PM Herfy Food Services’ profits shrink in 2022; dividends recommended

Riyadh – Mubasher: The net profits after Zakat and tax of Herfy Food Services Company plummeted by 97.66% year-on-year (YoY) to SAR 3.54 million in 2022 from SAR 151.79 million. Revenues amounted to SAR 1.24 billion in January-December 2022, down …

Cash Dividends

26 October 2022 05:05 PM Herfy Food Services’ profits down to SAR 69.5m in 9M-22

Riyadh – Mubasher: Herfy Food Services Company posted an annual plunge of 38.02% in net profit after Zakat and tax to SAR 69.53 million during the first nine months (9M) of 2022 from SAR 112.20 million. The company’s revenues amounted to SAR …

Financial Results

3 August 2022 04:36 PM Herfy Food Services’ H1-22 profit falls 7%

Riyadh – Mubasher: Herfy Food Services Company has posted a 6.81% year-on-year (YoY) drop in its net profit after Zakat and tax to SAR 48.59 million during the first half (H1) of 2022, compared to SAR 52.14 million. Revenues declined by 2% YoY to …

Financial Results

12 May 2022 02:20 PM Herfy Food Services’ profits jump 11.5% in Q1-22 initial financials

Riyadh – Mubasher: Herfy Food Services Company has logged net profits after Zakat and tax worth SAR 28.39 million in the first quarter (Q1) of 2022, an annual surge of 11.47% from SAR 25.46 million. In the first three months (3M) of 2022, the …

Financial Results

21 March 2022 02:03 PM Herfy Food Services’ profits exceed SAR 160m in 2021

Riyadh – Mubasher: Herfy Food Services Company has posted net profits after Zakat and tax worth SAR 160.83 million last year, a 204.39% jump from SAR 52.83 million in 2020. The revenues reached SAR 1.31 billion in 2021, higher by 22.09% …

Financial Results

24 November 2021 06:50 PM Herfy concludes deal with EatRite to open branches in Nigeria

Riyadh – Mubasher: Herfy food Services Company signed a contract with EatRite Food Services Company for the commercial franchise rights to open 50 Herfy restaurants in Nigeria. The agreement holds a duration of 10 years from the date of signing …

Companies Investments

26 October 2021 11:19 AM Herfy’s initial financials show SAR 60m profits in Q3

Riyadh – Mubasher: Herfy Food Services Company recorded a 45% year-on-year (YoY) increase in profits to SAR 60.06 million during the third quarter (Q3) of 2021 from SAR 41.37 million. Revenues increased by 13% YoY to SAR 352.21 million in Q3-21 …

Financial Results

17 August 2021 00:33 PM Herfy records SAR 632.5m revenues in H1-21 audited financials

Riyadh – Mubasher: Herfy Food Services Company registered sales worth SAR 632.48 million in the first half (H1) of 2021, higher by 35.4% than SAR 467.02 million in H1-20, according to the audited income statements on Tuesday. Meanwhile in the …

Financial Results

13 July 2021 11:31 AM Herfy turns profitable at SAR 52m in H1-21 estimated financials

Riyadh – Mubasher: Herfy Food Services Company registered net profits after Zakat and tax worth SAR 52.14 million during the first half (H1) of 2021, against losses of SAR 9.1 million in H1-20. Earnings per share stood at SAR 0.81 in the …

Financial Results

22 June 2021 01:26 PM Herfy appoints new CEO

Riyadh – Mubasher: Herfy Food Services Company has appointed Sam Mohamed Bader as the new CEO of the firm, according to a bourse filing on Tuesday. Bader will assume the position as of 22 June, replacing Khaled Ahmad Al Said who resigned on 21 …

Corporate Actions

30 May 2021 10:30 AM Herfy extends agreement with EatRite

Riyadh – Mubasher: Herfy Food Services Company has extended its non-binding memorandum of understanding (MoU) with EatRite Food Services Company for an additional three months, according to a disclosure to Tadawul on Sunday. Herfy intends to carry …

Companies Investments

2 May 2021 10:25 AM Herfy Food appoints Chairman, Vice Chairman, CEO

Riyadh – Mubasher: Herfy Food Services Company has announced the appointment of Mutaz Qusai Alazawi as the Chairman of the board, according to a bourse filing on Sunday. The company’s shareholders have also agreed to appoint Waleed Khaled Fatani …

Management Decisions

1 March 2021 10:57 AM Herfy Food expands to Nigeria

Riyadh – Mubasher: Herfy Food Services Company penned a non-binding memorandum of understanding (MoU) with the EatRite Food Services Company to grant it franchise rights to open branches of Herfy restaurants in Nigeria. A total of 50 branches of …

Companies Investments

28 February 2021 11:04 AM Herfy Food opens fifth restaurant in Bangladesh

Riyadh – Mubasher: Herfy Food Services Company announced opening on 25 February 2021 its fifth restaurant in Bangladesh. The opening comes as a result of the phenomenal success of the previously opened four branches in the Asian state’s Dhaka, the …

Companies Investments

26 October 2020 04:43 PM Herfy Food’s net profits down 28% in Q3

Riyadh – Mubasher: Herfy Food Services Company’s net profits for the three-month period ended 30 September 2020 fell by 28.1% annually to SAR 41.38 million, compared with SAR 57.5 million in the prior-year period. This slump resulted from lower …

Financial Results