What was Al-Jouf Agriculture's net profit in Q1 2026?

Net profit was SAR 2.06 million, down 94.07% year-over-year.

Why did Al-Jouf Agriculture's profit decline?

The decline was mainly due to lower sales and reduced profit margins from higher operational costs, along with the timing effect of Ramadan.

What was Al-Jouf Agriculture's revenue in Q1 2026?

Revenue was SAR 167.68 million, down 1.71% year-over-year.

What was Al-Jouf Agriculture's EPS in Q1 2026?

EPS was SAR 0.07, compared to SAR 1.16 in the same quarter last year.

Did Al-Jouf Agriculture provide any guidance?

No forward-looking guidance was provided in the Q1 results announcement.

Al-Jouf Agriculture Q1 2026 Net Profit Drops 94% to SAR 2.06M

Al-Jouf Agriculture Development Co. announced its Q1 2026 financial results, with net profit plunging 94.07% YoY to SAR 2.06 million. Revenue declined 1.71% to SAR 167.68 million, impacted by the timing of Ramadan.

Al-Jouf Agriculture Development Co. (Ticker: 6070) reported its interim financial results for the three months ended March 31, 2026, posting a net profit of SAR 2.06 million, a sharp decline of 94.07% year-over-year. Revenue also fell 1.71% YoY to SAR 167.68 million.

Key Financial Results

Item	Current Quarter (SAR million)	Comparable Quarter (SAR million)	Change %
Revenue	167.68	170.59	-1.71%
Gross Profit	27.35	68.36	-60.00%
Operating Profit	4.12	41.62	-90.10%
Net Profit	2.06	35.00*	-94.07%
EPS (SAR)	0.07	1.16	-93.97%

*The prior-year net profit figure is derived from the reported change.

Key Highlights from the Statement

The company attributed the steep profit decline to lower sales and significantly reduced profit margins due to higher operational costs, despite reductions in general and administrative expenses and lower unrealized losses from investment revaluations. The timing difference of the Ramadan season also impacted sales compared to the previous year.

Quarter-over-quarter, revenue dropped 19.65% from SAR 208.67 million, while net profit fell 75.11% from SAR 8.26 million.

Guidance

No forward-looking guidance was provided in the announcement.

Impact on the Stock

The sharp earnings decline is likely to weigh on the stock price in the near term, especially with EPS falling from SAR 1.16 to SAR 0.07. However, total shareholders' equity rose 2.057% to SAR 790.53 million, which may provide some support.

What This Means for Investors

This weak performance signals significant operational pressures. Investors should monitor the company's ability to improve profit margins in upcoming quarters, particularly after the Ramadan effect subsides.