First Milling Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	286,268,253	261,212,915	9.591	237,765,812	20.399
Gross Profit (Loss)	124,060,641	111,541,189	11.224	102,717,582	20.778
Operational Profit (Loss)	88,094,825	77,840,443	13.173	66,219,221	33.035
Net profit (Loss)	71,657,875	61,278,490	16.938	51,405,711	39.396
Total Comprehensive Income	68,187,489	46,881,948	45.445	48,491,399	40.617
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	807,630,165	780,009,200	3.541
Gross Profit (Loss)	350,023,524	337,475,506	3.718
Operational Profit (Loss)	248,976,225	236,077,648	5.463
Net profit (Loss)	202,727,791	184,507,448	9.875
Total Comprehensive Income	192,268,494	170,690,892	12.641
Total Shareholders Equity (after Deducting Minority Equity)	989,796,274	876,733,672	12.895
Profit (Loss) per Share	3.67	3.34
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	The Company achieved strong quarterly performance, with revenue rising by 9.6% to SAR 286.3 million, compared to SAR 261.2 million in the same quarter last year. This growth of SAR 25.1 million reflects continued momentum across all product categories, supported by a stronger product mix and higher sales volumes. The results highlight the success of the Company’s strategy to expand its geographic footprint and enhance distribution coverage across the Kingdom.

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

The Company achieved strong quarterly performance, with revenue rising by 9.6% to SAR 286.3 million, compared to SAR 261.2 million in the same quarter last year. This growth of SAR 25.1 million reflects continued momentum across all product categories, supported by a stronger product mix and higher sales volumes. The results highlight the success of the Company’s strategy to expand its geographic footprint and enhance distribution coverage across the Kingdom.

Gross profit rose by 11.2% to SAR 124.1 million compared to SAR 111.5 million in the same quarter last year, driven by higher revenue and effective cost management. The Company maintained its cost leadership despite market fluctuations, benefiting from stable feed prices and improved raw material efficiency.

Operating expenses remained well-controlled and increased only modestly in line with revenue growth, reflecting the Company’s continued investment in supporting sales expansion and market penetration initiatives.

As a result of the above, net profit rose by SAR 10.4 million to SAR 71.7 million, compared to SAR 61.3 million in the same quarter last year, representing an increase of 16.9%. The net profit margin improved to a solid 25.0% of revenue, while earnings per share amounted to SAR 1.30 in the current quarter, compared to SAR 1.11 for the same quarter last year, representing an increase of 17%.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 increased by 16.9%, rising by SAR 10.4 million to reach SAR 71.7 million, compared to SAR 61.3 million in the same quarter last year. This solid performance reflects the Company’s continued focus on profitable growth and operational efficiency, supported by the following factors:

1) Sustained sales growth across all product categories, particularly the feed segment, which recorded strong performance supported by higher sales volumes and improved pricing dynamics, which was amplified by the acquisition of Al-Manar Feed Company.

2) The Company achieved strong growth in industrial flour sales to B2B channels by continuing to expand as the Company onboarded new customers through its distribution network and deepened its geographic reach across the Kingdom.

3) Effective cost management, as the Company maintained cost leadership while supporting higher sales volumes and strategic investments to drive sustainable growth.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Revenue increased by 20.4% to SAR 286.3 million in the current quarter, representing an increase of SAR 48.5 million compared to SAR 237.8 million in the previous quarter of this year. This solid quarter-on-quarter growth reflects the Company’s strong market positioning and ability to capture seasonal opportunities, driven by the following factors:

1) The feed segment recorded strong growth of 70.8%, driven by increased demand across markets and efficient operational execution. The flour segment also achieved growth of 11.9%, benefiting from back-to-school seasonality and higher consumer activity. Conversely, bran sales declined by 20.5% as the Company made a strategic decision to prioritize feed production and utilize bran in the manufacturing process to support rising demand in this segment.

2) Gross profit increased by 20.8% to SAR 124.1 million, compared to SAR 102.7 million in the previous quarter, driven by revenue growth, improved product mix, and the Company’s continued commitment to cost leadership and competitive feed pricing.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Net profit increased by 39.4% in the current quarter, reaching SAR 71.7 million, up by SAR 20.3 million compared to SAR 51.4 million in the previous quarter. This strong improvement was mainly driven by the following:

1) An increase of SAR 48.5 million in revenue, mainly from higher sales in Feed and Flour, supported by a better product mix and effective pricing management.

2) Improved cost control, particularly in manufacturing, which helped enhance overall efficiency and profitability.The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Revenue increased by 3.5% to SAR 807.6 million in the current period, representing an increase of SAR 27.6 million compared, to SAR 780.0 million in the same period last year. This growth was mainly driven by the following factors:

1) Feed sales recorded solid growth of 4.2%, driven by higher demand and efficient production planning, while Flour sales increased by 4.9%, supported by enhanced utilization of operational capacity. In contrast, Bran sales declined by 3.2%, as the Company continued to prioritize Feed production to meet growing market needs and optimize profitability.

2) The improvement in the product mix and the focus on higher-margin categories continued to support overall performance, alongside operational enhancements and the contribution of new initiatives.

3) Gross profit increased by 3.7% to SAR 350.0 million, compared to SAR 337.5 million in the same period last year, mainly due to higher revenue and improved product mix, while maintaining strong cost control and efficiency.

As a result, net profit increased by 9.9% to SAR 202.7 million, compared to SAR 184.5 million in the same period of the previous year, representing an increase of SAR 18.2 million. The net profit margin strengthened to 25.1%, up from 23.7% last year, reflecting the Company’s continued focus on operational excellence and cost leadership. Earnings per share rose to SAR 3.67, compared to SAR 3.34 in the same period last year, marking a 9.9% increase.The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net profit increased by 9.9% in the current period to reach SAR 202.7 million, up by SAR 18.2 million compared to SAR 184.5 million in the same period last year. This growth was mainly driven by:

1) Higher revenue of SAR 27.6 million, supported by strong sales in Feed and Flour, improved product mix, and pricing.

2) Improved cost efficiency through maintaining cost leadership.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 Not applicableAdditional Information For more information, please contact the First Mills Investor Relations Department at the email: IR@firstmills.com.Attached Documents

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