Almarai Company (“The Company”) announces its consolidated financial results for the year ended on 31-12-2024 (Twelve Months).

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	5,157,329	4,919,738	4.829	5,208,921	-0.99
Gross Profit (Loss)	1,583,359	1,396,908	13.347	1,669,897	-5.182
Operational Profit (Loss)	591,127	528,895	11.766	742,414	-20.377
Net profit (Loss)	430,726	370,719	16.186	570,454	-24.494
Total Comprehensive Income	205,110	294,516	-30.356	596,592	-65.619
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	20,979,512	19,575,585	7.171
Gross Profit (Loss)	6,664,052	6,051,290	10.126
Operational Profit (Loss)	2,995,361	2,693,888	11.19
Net profit (Loss)	2,313,100	2,049,123	12.882
Total Comprehensive Income	1,902,907	1,799,986	5.717
Total Shareholders Equity (after Deducting Minority Equity)	18,790,736	17,797,719	5.579
Profit (Loss) per Share	2.34	2.08
All figures are in (Thousands) 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 (Thousands) 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	Revenues increased by 5% due to broad-based volume growth across most products & countries, in particular, from Food & Fresh Dairy.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The 16% growth in net profit is driven by a 5% revenue increase, disciplined cost control and favorable product mix.

The contribution of various business categories toward the 16% increase in the consolidated profit attributable to shareholders is as follows:

•Dairy & Juice Category: Net profit increase compared to the same quarter of last year is due to improved sales in core GCC markets, mainly in the juice and fresh dairy categories, along with tight cost management.

•Bakery Category: Net profit in the bakery category is higher than last year due to continued growth in single-serve baked goods, disciplined cost control and seasonal variations in consumption patterns.

•Poultry Category: Net profit growth in the poultry category compared to last year is due to higher revenue, continued production optimization and improved economies of scale.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The 1% decrease in revenue for the fourth quarter of 2024 (SAR 5,157 million), compared to the third quarter of 2024 (SAR 5,209 million), is due to variations in seasonal consumption patterns.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The 25% decrease in the consolidated profit attributable to the Company’s shareholders for the fourth quarter of 2024 (SAR 431 million), compared to the third quarter of 2024 (SAR 570 million), is due to product mix change and seasonal variations in consumption patterns.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 strong performance in all countries and products resulted in a 7% growth for the group, with positive growth achieved in all product categories, countries and channels.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 13% increase in consolidated profits attributable to the Company’s shareholders in the current period compared to last year is due to higher revenue growth, disciplined cost control and favorable product mix.

The contribution of various business categories toward the 13% increase in consolidated profit attributable to shareholders is as follows:

•Dairy & Juice Category: The category profit is higher than last year due to an improved sales mix across the board, along with the successful launch of innovative products, including the launch of the Ice Cream category, along with tighter cost controls.

•Bakery Category: Net profit in the bakery category was higher than last year due to increased revenue growth and production cost efficiencies.

•Poultry Category: Net profit in the poultry category compared to last year was positive due to continued production optimization and improved economies of scale.Statement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NoneReclassification of Comparison Items For more information, please see note 2.1 in the consolidated financial statements for the year ended on 31st December 2024.Additional Information Strong trading performance and stable market conditions have enabled Almarai to post solid revenue growth in all products, countries and channels, amounting to SAR 20.9B. This robust revenue growth has enabled Almarai to deliver its strongest financial performance to date of net profit of SAR 2.3B, paving the way for a strong foundation for years to come.

Almarai rolled out multiple new products during the year and successfully launched innovative products, including the launch of the Ice Cream category. In addition, continued investment in marketing activities, further strengthened Almarai's brand awareness.

The expansion of the products portfolio, sustained investment in consumer communication and continual focus on operational efficiency have enabled Almarai to achieve this progressive growth in net profit.

Going forward, Almarai expects its core business to continue to gain market share in selected product categories and geographies, and to explore additional opportunities to grow inorganically and deploy capital in line with its 5 years investment strategy.Attached Documents

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.