Riyadh — Mubasher: First Milling Company (First Mills) posted net profits worth SAR 146.03 million in the first half (H1) of 2026, marking an 11.42% increase from SAR 131.07 million in H1-25.
Half-year revenues totaled SAR 634 million, a 21.60% growth year-on-year (YoY), according to the financial results.
Earnings per share (EPS) for the six-month period ended in June 2026 rose to SAR 2.64, compared to SAR 2.37 a year earlier.
Moreover, total shareholders' equity stood at SAR 1.12 billion as of 30 June 2026.
Second Quarter Results
For the second quarter (Q2) of 2026, First Mills reported a net profit of SAR 65.95 million, representing a 28.29% increase from SAR 51.41 million in Q2-25.
The company attributed the profit growth in April-June 2026 to improved operational performance and a 26.7% rise in quarterly revenues, which reached SAR 301.25 million.
The revenue growth was supported by a 78.7% YoY surge in the feed segment and a 22.2% increase in flour sales.
Gross profit for Q2-26 rose by 39.44% to SAR 143.23 million, while operating profit climbed by 30.50% to SAR 86.41 million.
On a sequential basis, however, net profit declined 17.66% from Q1-26, which the company linked to seasonal consumption patterns following the end of Ramadan.
In the full year of 2025, First Mills witnessed a 10.56% surge in net profit to SAR 277.40 million.
