Riyadh – Mubasher: Naf Company for Feed for Industry announced a 199.21% surge in net profit during the first half (H1) of 2026, where it reached SAR 5.02 million compared to SAR 1.68 million in H1-25, according to a bourse filing.
The company attributed the growth to a 62.737% rise in revenues, which climbed to SAR 110.45 million in January-June 2026 from SAR 67.87 million a year earlier.
The increase in turnover was fueled by higher sales volumes following the commissioning of a second feed production line and successful efforts to attract new customers.
Naf Feed Industry also noted improved performance across local and GCC markets.
Enhanced operational efficiency contributed to a 57.5% rise in total profit, further supporting the bottom line.
Earnings per share (EPS) for the period rose to SAR 0.25 in H1-26 from SAR 0.08 in the previous year. This figure was calculated based on 20 million shares following a stock split approved on 24 June 2026, which reduced the nominal value per share from SAR 10 to SAR 1.
Total shareholders' equity increased by 26.411% to SAR 30.27 million. The company also reported several accounting reclassifications related to IFRS 16 lease standards and government grants.
