Nofoth Food Products 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	109,358,396	114,295,222	-4.319	104,923,629	4.226
Gross Profit (Loss)	68,196,168	73,272,063	-6.927	63,550,575	7.31
Operational Profit (Loss)	14,080,668	20,254,126	-30.48	11,916,880	18.157
Net Profit (Loss) Attributable to Shareholders of the Issuer	14,318,465	20,227,116	-29.211	12,510,816	14.448
Total Comprehensive Income Attributable to Shareholders of the Issuer	13,936,229	20,227,116	-31.101	12,334,153	12.988
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)	195,365,630	185,333,019	5.413
Profit (Loss) per Share	0.15	0.21
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	-	-
Accumulated Losses	-	-
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’s revenue decreased by 4.32% to reach SAR 109,358,396, compared to SAR 114,295,222 in the same quarter of the previous year, representing a decrease of SAR 4,936,826.

This decrease was mainly attributable to lower sales across the Company’s sales channels, in addition to a decline in the average invoice value and demand being affected by purchasing power levels, despite the contribution of new brands in supporting revenue.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 Company’s net profit after Zakat and tax decreased by 29.21% to reach SAR 14,318,465, compared to SAR 20,227,116 in the same quarter of the previous year, representing a decrease of SAR 5,908,651.

This decrease was attributable to lower sales, higher delivery application fees and commissions, and increased raw material costs, in addition to higher operating, general and administrative expenses associated with the establishment of three new brands and the commencement of operations at one of the Company’s factories, with the aim of increasing production capacity and strengthening the Company’s infrastructure.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The Company’s revenue increased by 4.23% to reach SAR 109,358,396, compared to SAR 104,923,629 in the previous quarter, representing an increase of SAR 4,434,767.

This increase was attributable to improved demand during the current quarter compared to the previous quarter, supported by seasonal factors.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The Company’s net profit increased by 14.45% to reach SAR 14,318,465, compared to SAR 12,510,816 in the previous quarter, representing an increase of SAR 1,807,649.

This increase was attributable to improved revenue during the current quarter compared to the previous quarter, supported by seasonal factors, in addition to an improved product mix and the launch of new products.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) The comparative information for the interim condensed statement of profit or loss and other comprehensive income for the three-month period ended 31 March 2025, and the interim condensed statements of changes in equity and cash flows for the same period, were reviewed by another auditor, who issued an unmodified review report thereon dated 9 Dhul-Qi’dah 1446H (corresponding to 7 May 2025).Reclassification of Comparison Items NoneAdditional Information On 12 Ramadan 1447H (corresponding to 1 March 2026), the Board of Directors recommended to the General Assembly the distribution of cash dividends to shareholders for the year ended 31 December 2025 at a rate of 16 halalas per share, representing 16% of the par value, amounting to a total of SAR 15,360,000. As this recommendation remains subject to approval by the General Assembly, no liability has been recognised in these interim condensed financial statements as at 31 March 2026.

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.