Riyadh – Mubasher: Al Jouf Agricultural Development Company logged 78.27% year-on-year (YoY) lower net profits at SAR 11.53 million in the first half (H1) of 2026, compared to from SAR 53.08 million.
The company attributed the downturn primarily to unusual weather conditions during the 2025 agricultural season, which increased industrial production costs by SAR 46.20 million.
Revenue for the half-year period remained relatively stable at SAR 323.26 million, a slight decrease of 0.59% compared to SAR 325.19 million in the previous year.
Despite higher sales volumes in the agricultural sector, the company faced significant price pressures from imported products, particularly frozen French fries, which reduced industrial selling prices by SAR 24.20 million.
For the second quarter (Q2) of 2026, net profit reached SAR 9.48 million, a 48.55% decrease from the SAR 18.42M recorded in Q2-25.
However, quarterly performance showed a sharp recovery from the previous quarter’s SAR 2.06 million, representing a 361.27% sequential increase.
Management noted that profit margins began to improve in the second quarter as the company started utilizing new, lower-cost crops from the 2026 season.
Earnings per share (EPS) for the six-month period stood at SAR 0.38, down from SAR 1.77 a year earlier.
