Almarai CompanyTADAWUL: 2280

Financial Statements Documents 2025 Quarter 2

· Issued by Almarai Company

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KPMG Professional Services Company

Roshn Front, Airport Road

P.O. Box 92876

Riyadh 11663

Kingdom of Saudi Arabia

Commercial Registration No 1010425494



Headquarters in Riyadh

Independent a

report on review of condensed consolidated interim financial statements

To the Shareholders of Almarai Company (A Saudi Joint Stock Company)

Introduction

We have reviewed the accompanying 30 June 2025 condensed consolidated interim financial statements of Almarai Company



the condensed consolidated statement of financial position as at 30 June 2025;

the condensed consolidated statement of profit or loss for the three-month and six-month periods ended 30 June 2025;

the condensed consolidated statement of comprehensive income for the three-month and six-month periods ended 30 June 2025;

the condensed consolidated statement of changes in equity for the six-month period ended 30 June 2025;

the condensed consolidated statement of cash flows for the six-month period ended 30 June 2025; and

the notes to the condensed consolidated interim financial statements.

Management is responsible for the preparation and presentation of these condensed consolidated



the Kingdom of Saudi Arabia. Our responsibility is to e xpress a conclusion on these condensed consolidated interim financial statements based on our review.

Scope of Review

We conducted our review in accordance with the International Standard on Review Engagements 2410,



endorsed in the Kingdom of Saudi Arabia. A review of condensed consolidated interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing that are endorsed in the Kingdom of Saudi Arabia, and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

KPMG Professional Services Company, a professional closed joint stock company registered in the Kingdom of Saudi Arabia with a paid-up capital of SAR110,000,000 and a non-partner member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

.





Independent auditor report on review of condensed consolidated interim financial statements

To the Shareholders of Almarai Company (A Saudi Joint Stock Company) (continued)

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying 30 June 2025 condensed consolidated interim financial statements of Almarai Company ("the Company") and its subsidiaries are not prepared, in all m aterial respects, in accordance with IAS 34, 'Interim Financial Reporting' that is endorsed in the Kingdom of Saudi Arabia .



KPMG Professional Services Company Fahad Mubark Aldossari

License No: 469

Riyadh on 6 July 2025

Corresponding to: 11 Muharram 1447 H

2

ALMARAI COMPANY

A SAUDIJOIMT STOCK >Pfif1Y

CONDENSED CONSOMOATED STATEMENT OF $| CIAL POSITS

Afi6T PRUNE@¿5

ZOJune

31 December

2025

2024

Plates

tUneudited)

(Audited}

A.

'000

A

'000

ASSETS

Property, Plant tnd Equipment

24,119,475

22.750.34Z

Long-term Prepayment9

510.672

525.39t

Right-of-UseAssets

489,573

504,066

Intangible Assets andGoodwill gift Aesats

1,1Z4,022

1,815,226

1,130,692

{,338.353



lnvealments m Associate

3.Z56

Derivative Financial Instruments

79.707

27.832

DeJerrpd Tax Assets

8.0St

3,858

28.116.726

26,783,790

Current Assets

Inventories



1684,4Z0



Trade Receivable Prepayrnents and Other Receivable

J64.S62 3,367.729



2421,SZ6

Derivative Financial InatrUments

4.076

13,459

Cash and Cash Equivalanta

458.725

S2B,214

TOTAL ASSETS

EQUFFY ANDLIABILITIES

9,638,471



37.7S5J97 35.567.960

Share Capital

S1atutory Reserve

6

1O,0fI0,ooo 7,966,165

10,Q00,QQQ

2,966,165

Treasury Shares

(528,578)

(5s8.024›

Dther Reserves

II.t31,158)

(1.311,377)

Retained Earnings

8.0S6d48

7.673.972

Equity AjtrBxztabls to Equity Holders of the Gompany

19,363,277

18,790,73G

Non-ConboIIing Interest

97

mgs

TOTAL EOUFTY

19J64.248

5&791.132

Non-Currem LiabiFrties Loans and Borrowings

7

9,S43,7J 7

8,900,245

Laase Liabilities

381,151

397,701

Employee Retirement Benafits

1 ,506

1,89b,542

Oerivatire Financial InelfumentS

19.Z99

181.812

referred Tax Liebilities

61.591

61.890

11.491,26d

3It93&190

Currant LlabBlties

Bank Overdrafts

51.825

52,598



7

1,628,262

1,229,996

LaaseLlabllhlaa

83,127

87,249

Zakat

270187

34k703

Income Tax Payable

58.010

36.226

Trade and Othor Payables

4,771,564

4,048,92f

Dar/vafive Financial Instruments

36,710

37,945

6699W5

5.83&638

TOTAL LIABILITIES

1&390.949

16,776,826

TOTAL EOUITVANDLIABILITIES

37.?5S.197

35,567,960



The acc "ng notes form an integral part of these Condensed Consolidated Interim Financial Statemerns, which have bean sed fof issue by the Board olDifectors on bahalfof reholde igned on ia behalf by.

Dan ras

Chief Fin alO r

AlxJullah Albade Chiet Executive Olfloar

HH Prince NailBin SuIBn Bin

Mohammed BinSaud AI Kabeer Chairman

ALMARAI COfdPANY

A SAMDI JOlhfT STOCK GOKIPAMY

CO¥IDENSED CONSOLIDATED STATEMENT OF PRO{} LOSS FORTHETHREE- dONTH AND S{y-§jQ{g PERIOD |gED 30 JUNE 2025

Aprg - June

April - Jurse

January - June

January - Juna

2025

2024

2025

2024

Notes

(Unarditcd)

{tAiaudited}

(UnauditedJ

(Unauditad}

A '000

A '000

A '000

'000

Revenue



5CB&402

L154.G2J

11,Q55,492

10,613,262



(3,57S,Z23)

15452.286)

17.573.6581

(7.2OZ,466I

Qracs Ptofit

t,713,J79

J,702,33S

If.834

J.410,756

Selling and Distribution Expenses

(766.224)

(726,777)

(1,520.319)

(1.42L531)

General and AdminiatralionEXpenseS

(150,Q36)

f124,305)

I259,329)

(24B,912)

Other Income /lExpenae9), nat

1j.991

(39,824)

619

(40,342)

bnpairmem Losson Flnanclal Assels

(f5,66TI

16,475T

(15,'426)

t40,191l

Operating Profit

813,243

792,954

1.687.379

I.661.820

Finance Cost, net

(t24,96Z)

(142,658}

I224,653T

(284.233t

share qf Results of Associate

5

(323j

(113)

(1,222)

(1,060)

Profk before Zaket and Income Tax

667.956

65&1g4

1.461,504

1,376,527



Incd4neTax

(27.981)

fJ78s7l

f22.949)

l6,13sj

{55.445)

‹zy,4y2)

(d7.818)

‹14.118›



647,110

621.110

1,378,637

1,314,491

Prolit %r tha period attributable A



646.866

619.693

1.378.Q60

1.31 J.920

Npn-Contn›lIing Interests



1.417

577

2,571

H7.110 621,110 1,178,637

Earnings per snare ( , basad on Pfelit for tha parlod attr0sutable to Sharaholdem of the Company

0.63

1.39

1.33





8 0.65

062

1.38

1.31

The accompanying notes form an integral part of Jf›ese Condensed Consoldated Interim Financial Slatemems, which have been authorised for issue by the Board of Dlrectars on behaltoftha Sharaholdera, and signed onits beha1fby.





Chief Fin alOflicer



Abdullah Albadar Chief Executive Officer

4

HH Prince Naif Bin Sultan Bin Mohammed Bin SaudAl Kabaer

Chairman

A SAUDI JOINT STOCK CO| |•ANY

CONT D CONSOLIDATED $ {E{gEMTO/ OOMPREHENStVE IMCOME FORT EH THRU{-§@NTH.t@IXX IdOI'€TH PER.IODS END/$t 3QJU ${g5

Aprg - June

Apñl -Juna

January - June

January- J•no

2025

2024

2025

2024

IUnauditedl tUnau‹8te‹g (Umuditadl (Unau‹gte‹fl

•I§ '000 A '000 A '000 '000



647,110 621,110 1.378.637 1,314,C9J

Ilsmathatare orrrxty be reclassd daubsequautly to profit or loss

Foreign Currency Tfsnslalion Diflemntes

Sentimental Cash Now H0dgN tfBfX$fpfTpd to Prolitor LoM Movement b FairV8Neon Cesh Flow Hedgas OItierC0+npraheraiveIncoma/{Loas) forttlapsrlad

Tal Conlprehenei¥eIncome for tha p9ri0d

10,679 I22,M2I 182,925 [206,431)

4.977

12,770

8,172

2,637

(4,488

(20,391

3,478

IS.1B1 f84,634

1155.42BI I7,265)

(4fi,738j

59846B 1,561.562 I.J0ktt6O

Tatal Comprehensive lncoma fbr heparins ett«buiabla la.

Skareholdars of the Coff$tany

657,548

597,45f

1.560,987

1,1gSvd%

FIon•Contr0||ingIntaresls

241

1407

575

_ S7O

657.789 598,868 J.561.562 1.JOB.060

The accompanying notes form an Integral part of fheae Condensed Consolidated Interim Financial Stater«eW which have bean authorised bi issue by the Board of Directors on behaloJ the Shareholders, and signed onitsbahalfby-



Dam

Chief Fin cla1Officer



Abdullah A8›ader Chief Executive Officer

HH PzinneNaifBin Sultan Bid kloharnmed Bin Saud AlKabaar



QM

AQ



CONDENSED COIqSog|D@ | D GTATEIytE CHANGES INEQUITY F R TH si O PE I



Statutory Transury



Rdsorve Shares

Retained




Earrsngs

Equity Attributable to

Non-CDntroIgng Total Iniarasts Equlfy

Equity FJolders

A 0O0------------•-•••••-.-----------------------------

Balance es at 1January 2024IAu&tell

J0,OD,OD

2.966,165

(614,Y66)

(956,911)

0,403,231

17,797,719

11.10G

17

825



1,311,920

1,311,920

2,571

1,314,191

Other Comprahensiva Loss lor the period

(206,430}

f206.430)

(1)

(206.43t)

Total Comprehensive(Lossl/ Income

Senlenum of Cesh Flow Hadges Vansferred to Inventory /

Property, Rem ar¥l Equipment.

‹206.430)

f• 28s›

1,311,920

1,105,450

t4,285}

2,570

1.108.060

‹4,265)

Dkefitoffi' Remuneration

(5,477)

15,477}

(S.477j

Transactions with Aners in their Gapecity es Owner6

dividend Declared SAR 1per share

(988,277}

(9Bg,277I

t988.277j



Stem B8sed Payment Transactions

19.029

19,029

19.029

19,68J

(fi76t)

1698

21,620

21,620

P28›

f728)

Bdanoeas at 30June 2024 (Unauditedl

10,000.0tXl

A966.165

(591063I

(1.JS0,358I

6.725,095

17.945,B19

IZ.948

17,95B.767

Batar›oeeset Jarnzary 2025 (AudBed)

tD00'0,£XXI

2.9é6,165

I538,034J

(1.31J.3771

7.673,972

18,790,736

396

18,791,132

Profi(for the penod

1,378.060

1,378,060

577

1,378,637

Dther Conqsrehensive Income/{Loss) forthe period

182,927

t8Z,927

12)

1B2,925

TotalComprebensive mams

182,9Z7

1,378,06D



575

t,561.562

Settlement of CashFlowHedgestranslarred to lrtvenury/

{21,205i

(21205j

I23,2M)

Directors' Rernur›uafan



(739d)

17.390}

T‹anfiefitfi›ns afidOana fa in theP Capacity as £Mners

DividarxJ DectafedSAR 1per share (Refer Note 12)

(9g9,366)

(989,366)

(989.3661

Shere BBsed PaymeivTransac one

21,255

21,255

21,255

Settlement of Treasury Shares

9.446

{758)

1,572

1Q260

  • 10,260

Bclarce as at 30 June 2025 funau‹sta‹o



(5ZB,578)

t1,131,f5B}

6,056

19,363,Z77

97t " J9.364.246



nylng notes form an integral part of these Condensed Consolidated Interim Financial Statements, which have been authorised for issue by the Board of Dlrecrors on behalf at the rs. and signed on Its bahalf by:

Dank‹ M8faS

Chief Ffn alofficar

Albadef

6

HH Prince Nail Bin Sultan Bin kloharrmed Bin Saud Al Kabeer

Chairman

Auuusuxauo«x

auvPi‹oiwstocxa•P/xY

COND SJEQ CO SQLIDATED STATEMEP{} Q/ CAS O¥¥S FORTHB SIX-MCflgTH PER}OD ENGG 30JUNE 2Q25





CASftFLOV¥ fiROM EFtAT10J&ACTiVEDES

1 'OOO X *000

Pront for the period ACfjustrnonto for non-caah item4‹ Oepreoiation and Amortiaaéon

‹Qain 7Loss Aridng foam Changes In FBir Value less Cost to 5e1I of Orop9 Provision1ar Employee Retirement Benafilo

Prgvision for Inventories and Tra€le Recoviebles Share Based Payment Expense

Finance Cost, net



Othor lncoma /(Expensesj. net Ghere of Results of Aaaoclate

zaa



Changes in working capital:

1,378.637

1,201.634

(23.5801

127.671

60.589

21.255

224.653

‹sag›

1,222

55,445

27,4J2

3,07d,331

1,314,491

J.133,871 11,019

100,634

4S,4d8



4Q,3$2

1.060

47.818

74.2T8

3.0Zd23

Inventnnes



Trade RecaivabW, PrepaymerrB andOmar Receivables Trade anrt Other Peyablsg

28,G31

I3.487J (1,08,713l 650,611



11,300

t665,140j 603,008

Cash {Used in) yGenerated Tom Working Capital

(340,958)

#12.787

Employee Retirement Benefits Pald

(37.667)

(32.547)

Zahat and lr•zome Tax Paid

(142,651)

[19.663)

Nat Cash f¥om Opsretiog Activfñea

Z.553.073

3,372,7iXI

GA ELE1OW&EEtOM ff'JMESTINOADTtVIItES

Proceeds from Salaof Time Deposit

1.876.250



Proceeds from DiepoSal of Invaalmant in Assoclate

88529

Addidons in Lor›g-term Prepoymants

(1,175)

{27,500)

Purchase of Warehouse Facilities

(186,969J

Addfbons to Property, Plant and Equipment

[2,096,984)

n.sgB.ozs›

Proceeds from the Disposal of Property. Rant and Equiprr•ont

39,8S0

37.727

Additions to intangible Assets



(19,340)

Additions to Biological Assets

(512.951)

1494.583)

Procsadsfrom tho Disposal of Biological Aeaats

158.193

I 55.060

Net Caah Uaed In Investing u4t•ih

(2.335.204J



Proceeds from Loans and Borrowings

12.523.157

6,923,759

Repeymgnt qf Loana and Borrowings

(11,428,674)

i&6s8.061)

Finance Cost Peid

(326.216)

t280.0077

OMdand Pald

(985.446}

(9B6,B64)

Oettiamem of Traas» shares

10.260

zJ,630

Transactionswlth Non-ConvoIIing lntorasts

(738)

Principal Elamant of Leepe Paymema



(6Q,034)

Interest Element of Leasa Payments

t2,t20)



Directors' Remuneration

(7,390)

(5477)

Net Cash Uaod in Finanaing Actlvit?sa



f4.M7,75t)

Net Change In Caah and Cash Epuivalenta

(70.144J

77,574

Caah andGash E i•alants as at 1 January

5J8,214

666,336

Effact ol h4overnents in Exchange Rates on Caah

ar•O Cash Ecpsivalen¥a

655



cash arul Caah Equivalents as at 30Juna

458.725





The acco arrylng notes fom en integral pan of these Condensed Consolidated Interim Financial Statements, which have teen authorls r issue by the Bo0rd olDire‹ ors on behalfoftha Shareholders, nM behalfby‹

Dan rm

Chtef Finapcial Dfficer

Abdullah Afbader HH Prince Nail Bln Suitsn Bin

Mohammed an 4audAlKabeor Chairman

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