Riyadh - Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) reported a 30.16% decline in net profit for the first half (H1) of 2026, reaching SAR 170.26 million when compared to SAR 243.78 million in H1-25.

The company attributed the downturn to rising raw material costs, inflationary pressures, and additional shipping fees resulting from regional maritime disruptions.

Total revenue for the half-year period fell by 2.63% to SAR 1.49 billion. The decline was primarily influenced by the performance of its Polish subsidiary, Mlekoma, where sales dropped to SAR 147 million from SAR 250 million due to lower selling prices and volumes.

Conversely, SADAFCO’s core Saudi operations saw a 4.90% increase in sales, supported by volume growth in key categories.

For the second quarter, net profit reached SAR 88.24 million, a 25.01% decrease year-on-year (YoY), though it represented a 7.57% improvement over the previous quarter.

The company maintained strong market leadership, holding a 59.10% share in long-life milk and 51.10% in tomato paste.

Earnings per share (EPS) for the six-month period stood at SAR 5.33, down from SAR 7.62 a year earlier. SADAFCO maintained a robust cash position of SAR 554 million.

In Q1-26, SADAFCO posted 34.95% YoY lower net profits at SAR 82.02 million, compared to SAR 126.11 million.