Horizon Food Q1 2026 Net Profit Rises 9% to SAR 3.74M
Horizon Food Co. reported a net profit of SAR 3.74 million for Q1 2026, up 9.25% year-on-year, driven by a 13.02% increase in revenue to SAR 21.28 million.
Key Numbers
Horizon Food Co. (Ticker: 9564) announced its interim financial results for the three months ended March 31, 2026, posting a net profit of SAR 3.74 million, up 9.25% year-on-year. The profit growth was supported by a 13.02% increase in revenue to SAR 21.28 million.
Key Financial Results
| Item | Current Quarter | Same Quarter Last Year | Change (%) |
|---|---|---|---|
| Revenue | SAR 21.28M | SAR 18.83M | +13.02% |
| Net Profit | SAR 3.74M | SAR 3.42M | +9.25% |
| EPS | SAR 0.47 | SAR 0.43 | +9.30% |
Revenue also rose 10.74% compared to the previous quarter (SAR 19.22M), and net profit swung from a loss of SAR 2.86M in the prior quarter to a profit of SAR 3.74M.
Key Highlights
The company attributed revenue growth to increased demand for Horizon Food products, improved sales mix, multiple new agreements, and enhanced operational efficiency. The quarter-on-quarter improvement was driven by normal seasonal factors.
Guidance
No specific forward guidance was provided in the announcement.
Stock Impact
The stock showed no immediate reaction post-announcement, but the positive results may boost investor confidence in the near term.
What This Means for Investors
The results indicate improved operational performance, especially the swing from a loss to profit on a sequential basis. However, investors should monitor the sustainability of growth amid competition in the food sector.
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