NADEC’s Q1 Profit Edges Up 2% To SAR 103.4 mln

The National Agricultural Development Company (NADEC) reported a 2% year-on-year rise in first-quarter net profit to SAR 103.4 million, compared to SAR 101.3 million in the same period last year. The company disclosed the preliminary consolidated financial results for the three months ended March 31, 2025.

Operating profit rose to SAR 99.2 million in the first quarter, up from SAR 97.3 million a year earlier, an increase of 2%.

Total equity, excluding non-controlling interests, reached SAR 4.4 billion, up 19.1% from SAR 3.6 billion in the year-earlier period.

Earnings per share stood at SAR 0.34, unchanged from the previous year.