Modern Mills profit grows 1% to SAR 66 million in Q1 2025

Modern Mills for Food Products Co. reported a marginal 1% year-on-year increase in net profit to SAR 66 million for the first quarter of 2025, up from SAR 65 million in the same period last year, according to its interim financial results for the period ending March 31, 2025.

Operating profit declined by 5% to SAR 73 million, compared to SAR 77 million in Q1 2024.

Earnings per share (EPS) rose slightly to SAR 0.81, compared to SAR 0.79 in the prior-year period.

The company said in a Tadawul filing that revenues increased by 0.8% to SAR 259.9 million, driven by higher bran supply for feed production and a decline in feed sales, which was linked to lower raw material prices.