Riyadh – Mubasher: Nofoth Food Products Company logged net profits of SAR 10.28 million for the second quarter (Q2) of 2026, representing a 17.60% decline from the SAR 12.47 million recorded during the same period last year.

The company attributed the profit compression primarily to higher selling and marketing expenses driven by increased sales volumes through third-party delivery applications.

Quarterly revenue edged up 0.62% to SAR 106.15 million, compared to SAR 105.49 million in the prior-year quarter. Despite the slight top-line growth, operating profit fell by 16.17% to SAR 10.38 million.

On a sequential basis, net profit dropped by 28.21% from the SAR 14.32 million achieved in Q1-26, which the company linked to seasonal factors following the high-demand period of Ramadan and Eid Al-Fitr.

For the first half (H1) of 2026, net profit reached SAR 24.60 million, a 24.78% decrease from SAR 32.70 million in H1-25.

Half-year revenues declined by 1.95% to SAR 215.51 million, impacted by shifting consumer purchasing power and higher cost of sales amid regional conditions.

Earnings per share (EPS) stood at SAR 0.26, down from SAR 0.34 a year earlier. Total shareholders' equity increased by 14.69% to SAR 185.93 million.

In June, Nofoth signed a non-binding memorandum of understanding (MoU) to explore the potential acquisition of a 70% equity stake in Al Waal Al Bari Beverages Company.