First Mills Q3 2026 Profit Rises 18.3% to SAR 84.8 Million on Flour and Feed Growth

Saudi Arabia’s First Mills (2283) reported an 18.3% rise in third-quarter 2026 net profit to SAR 84.8 million from SAR 71.7 million a year earlier, supported by higher flour and animal-feed sales and improved operating efficiency.

Revenue gains 20.8%

Third-quarter revenue grew to SAR 345.9 million from SAR 286.3 million. Flour revenue increased 14.8% to SAR 179.4 million, while feed revenue surged 41.8% to SAR 138.1 million as the company expanded production and distribution.

Nine-month growth

For the first nine months of 2026, net profit rose 13.9% to SAR 230.8 million and revenue advanced 21.3% to SAR 979.9 million, reflecting stronger demand and the continuing expansion of its feed operations.

What investors will watch

Key indicators include profit margins across both flour and feed, selling and administrative costs, and the returns generated by capacity expansion. The faster-growing feed business is increasingly important to the company’s operating performance.