Mayar Holding Co. announces its Interim Financial results for the period ending on 2025-06-30 ( Six Months )
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 187.62 | 205 | -8.478 | ||
| Net profit (Loss) | -15.25 | 1.75 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 28.79 | 26.7 | 7.827 | ||
| Profit (Loss) per Share | -0.1 | 0.05 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | 10.77 | 17.9 | |
| Accumulated Losses | 11.15 | 18.58 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 decrease in sales/revenues during the current period compared to the corresponding period of the previous year is primarily due to:
A decline in revenues by 8.5%, which is mainly attributable to the decrease in sales of the feed sector during the period. |
| 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 reason for incurring a net loss during the current period, compared to achieving a net profit in the corresponding period of the previous year, is attributable to:
The decrease in revenue by 8.5% resulted from:
A decline in feed sales, primarily attributable to pricing pressures on feed products. This came despite a 10% increase in elevator sector sales compared to the corresponding period of the previous year, And a 35% increase in poultry sales compared to the corresponding period of the previous year. The decline in profit margins for most product groups within the feed and poultry sectors was driven by market price pressures, higher production costs, and increased operating expenses. The increase in general and administrative expenses was mainly due to the acquired companies within the Elevators segment during the second half of 2024. Efforts are currently underway to integrate certain departments in order to reduce costs and improve productivity in the upcoming periods.” The increase in expected credit loss (ECL) expenses during the period, The provision has been allocated to the Group’s operating segments as follows: Feed and Poultry Segment: 64% Elevators Segment: 31% Plastics Segment: 5% The increase in financing expenses during the period was primarily attributable to the rise in overall funding costs. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the presentation in the current period |
| Additional Information | The accumulated losses amounted to 11.15 million, 18.58% of the capital as on 30 June 2025. |
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