Al Babtain Food Profit Decline in H1 2026

Al Babitain Food Company's profits decreased by 29.73% during the first half of 2026, with net profit reaching 2.6 million riyals compared to 3.7 million riyals in the same period last year. Despite a 4.26% increase in sales to 137.2 million riyals, the rise in cost of sales from 80.9% to 83.8%, along with higher administrative and marketing expenses and financing costs, contributed to the decline in profits. The company continued to expand in the cheese, meat, and supply contract sectors, but rising costs negatively affected the final results.