Tanmiah Food Posts SAR 1.1M Net Loss in Q1 2026
Tanmiah Food Company (2281) announced its Q1 2026 financial results, posting a net loss of SAR 1.1 million versus a net profit of SAR 18.9 million in the same period last year. Revenue increased 8% to SAR 731.2 million, driven by higher fresh poultry volumes and restaurant operations.
Key Numbers
Tanmiah Food Company (2281) announced its interim financial results for the three months ended March 31, 2026, reporting a net loss of SAR 1.1 million, compared to a net profit of SAR 18.9 million in the year-ago period. Revenue rose 7.989% year-on-year to SAR 731.2 million, driven by an 8.6% increase in fresh poultry volumes to 43.2 million birds and a 42.2% surge in restaurant operations revenue.
Key Financial Results
| Item | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | SAR 731.2M | SAR 677.1M | +8% |
| Net Profit (Loss) | (SAR 1.1M) | SAR 18.9M | -106% |
| EPS (SAR) | (0.06) | 0.95 | -106% |
Highlights from the Statement
- Fresh Poultry revenue reached SAR 551.9 million, with average daily production of 604,000 birds.
- Restaurant Operations saw a 42.2% revenue increase due to successful marketing campaigns.
- Net loss attributed to higher diesel and utility costs, increased distribution expenses, elevated financing costs, and ramp-up costs for new assets.
- Agribusiness segment generated a net profit of SAR 10.8 million, offset by an SAR 11.9 million net loss in Restaurant Operations.
- Shareholders' equity decreased 12.355% YoY to SAR 614.3 million.
Guidance
The company did not provide specific forward guidance.
Impact on Stock
The weak earnings performance is likely to weigh on investor sentiment in the near term, though revenue growth may provide some support.
What This Means for Investors
The results highlight significant cost pressures despite strong revenue growth. Investors should monitor the company's ability to improve margins through cost control or pricing actions.
Frequently Asked Questions
Found this useful? Share it