“Tanmia” turns to a loss of 15.8 million riyals in the third quarter of 2025
Transformed food development company "development" The loss in the third quarter of 2025 amounted to 15.8 million riyals, compared to profits of 24.1 million riyals in the same quarter of last year.
According to the company’s statement on the website "Saudi Arabia trading"This is mainly due to market challenges in the fresh poultry sector that affected prices and the inflationary impact resulting from increased diesel and utility prices, high financing costs, and high operating costs for new factories, which is offset by efficiency improvement initiatives.
The company recorded a net loss attributable to shareholders amounting to 15.8 million riyals in the third quarter of 2025, compared to a profit of 0.5 million riyals in the second quarter of 2025, due to continued pressure on prices in the fresh poultry sector. Despite the increase in production volume, along with higher diesel and utility costs, and increased financing costs.
Net profit attributable to shareholders decreased by 94.8% to reach 3.6 million riyals in the first nine months of 2025, compared to 69.1 million riyals in the first nine months of 2024.
This decrease is mainly due to ongoing market challenges in the fresh poultry sector that affected prices, the impact of inflation, and higher expenses. Financing, higher operating costs for new plants, offset by efficiency improvement initiatives.
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