Riyadh – Mubasher: Development Works Food Company turned to net losses after tax valued at SAR 1.74 million in the first half (H1) of 2026, versus profits of SAR 2.508 million in H1-25.
The revenues dropped by 14.50% year-on-year (YoY) to SAR 47.80 million in H1-26 from SAR 55.91 million, while the loss per share reached EGP 0.58.
In the second quarter (Q2) of 2026, the company shifted to net losses of SAR 1.87 million when compared to profits amounting to SAR 1.08 million a year earlier.
During the April-June 2026 period, the revenues shrank by 21.75% to SAR 22.42 million from SAR 28.66 million. Quarterly, the revenues fell by 11.60% from SAR 25.37 million in Q1-26.
