Riyadh – Mubasher: First Milling Company (First Mills) announced a 10.56% annual increase in net profit to SAR 277.40 million during 2025 when compared with SAR 250.90 million.
The earnings per share (EPS) rose to SAR 4.99 in 2025 from SAR 4.53 in 2024, according to a bourse disclosure.
First Mills generated 9.29% revenue growth to SAR 1.14 billion in 2025 from SAR 1.04 billion in 2024. The company noted that the annual surge was driven primarily by strong expansion in the feed segment and enhanced vertical integration across the value chain.
The listed firm said it maintained strong profitability, with net profit margin broadly stable at 24.2%, reflecting continued execution of its growth strategy, expansion of its integrated feed platform, and disciplined operational management.
The CEO of First Mills, Abdullah Ababtain, said: “We strengthened our operating platform, expanded our integrated feed capabilities, and continued to enhance efficiency across our production network.”
Ababtain elaborated: “The successful integration of Al Manar Feed Company marked an important milestone in advancing our vertical integration strategy and positioning the company to capture long-term growth opportunities across the food value chain.”
The CEO added: “Our investment in Al Kenan Al Arabia Trading Company further enhanced our route-to-market capabilities, expanding distribution reach and reinforcing our downstream positioning. Building on this progress, we continued to leverage technology and innovation to enhance performance by strengthening digital capabilities and advancing renewable energy initiatives, further supporting operational efficiency and long-term resilience.”
Cash Dividends
The board of First Mills announced, during its 8 March 2026 meeting, a dividend payout of SAR 1.67 per share for the second half (H2) of 2025.
The company will disburse a total of SAR 92.18 million, representing 16.70% of the share capital, for 55.20 million eligible shares.
The eligibility and distribution dates will be 5 and 20 April 2026, respectively.
Outlook
In terms of First Mills’ future plans, Ababtain said: "As we move forward, we remain focused on scaling responsibly, optimizing our portfolio, and investing in capabilities that enhance resilience and long-term competitiveness.”
He added that the strategic priorities remain closely aligned with Saudi Arabia’s Vision 2030, particularly in supporting national food security and developing local production capacity.
With a diversified platform, strong operational foundation, and clear growth roadmap, First Mills is well positioned to build on the momentum achieved in 2025 and deliver sustainable value creation in the years ahead.
It is noteworthy that the first nine months (9M) of 2025 signaled a 9.87% profit growth to SAR 202.72 million in addition to revenue of SAR 807.63 million.
