First Milling Co. — Interim / Quarterly Report 2026

Apr 30, 2026

First Milling Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

2283 · 30/04/2026 08:07:36 · Announcement #94807 · View on Saudi Exchange

First Milling Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	332,751,810	283,596,100	17.332	338,743,423	-1.768
Gross Profit (Loss)	137,240,581	123,245,301	11.355	132,179,501	3.828
Operational Profit (Loss)	99,641,521	94,662,179	5.26	90,740,777	9.808
Net Profit (Loss) Attributable to Shareholders of the Issuer	80,087,472	79,664,205	0.531	74,715,478	7.189
Total Comprehensive Income Attributable to Shareholders of the Issuer	77,533,400	75,589,606	2.571	71,386,321	8.611
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	1,053,048,127	951,963,268	10.618
Profit (Loss) per Share	1.45	1.44
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	-	-
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	First Mills reported revenues of SAR 332.8 million in Q1 2026, representing a 17.3% year-on-year increase compared to SAR 283.6 million in Q1 2025, driven primarily by strong expansion in the feed segment and continued resilience in flour sales.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net profit attributable to shareholders of the issuer increased by 0.5% year-on-year in Q1 2026 to SAR 80.1 million, compared to SAR 79.7 million in Q1 2025, with net profit margin of 24.1%. The modest year-on-year growth reflects the impact of changes in product mix and higher operating costs during the quarter, partially offset by continued operational efficiency and resilient demand across core segments.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Revenues declined marginally by 1.8% from SAR 338.7 million in Q4 2025. The decline was driven by the normalization of bran revenues following a stronger fourth quarter performance, in line with the Company's strategy to optimize production and redirect bran into feed. Additionally, elevated flour sales in Q4 2025, ahead of the Ramadan season, resulted in a higher comparative base, which in turn impacted the growth rate for the current period.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	On a quarter-on-quarter basis, net profit attributable to shareholders increased by 7.2% to reach SAR 80.1 million from SAR 74.7 million in Q4 2025, reflecting stronger operating performance, improved cost absorption, and lower zakat expense compared to the previous quarter.
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)	None
Reclassification of Comparison Items	Not applicable
Additional Information	For more information, please contact the First Mills Investor Relations Department at the email: IR@firstmills.com
Attached Documents

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