Tanmiah Food Company (2281) Earnings Call Transcripts

Tanmiah Food Company's Latest Earnings Call - Q1 FY2026

In Q1 2026, Tanmiah Food Company reported total revenue of SAR 731 million, reflecting an 8% year-over-year increase, driven by a 30% rise in revenue from GCC market expansion. However, net income decreased to SAR 1 million from SAR 23 million in the prior year, primarily due to rising operational costs. Management maintained a positive outlook, emphasizing continued execution of strategic initiatives and signaling potential for improved profitability as cost pressures normalize throughout the year.

Reported metrics

Guidance from management

Management maintained a positive outlook, indicating that as cost pressures normalize and asset utilization improves, they expect to rebuild margins and enhance profitability throughout 2026.

What management said

On the volume side, we were -- we operated 3 days less than the prior quarter because of the Ramadan and the period. Last year, Ramadan only I think half of the quarter. This time, there was a full period during the quarter.

Yes. This quarter, Nada, we had 76 days in operation. So our Q per day, Nada, was higher, as I mentioned before during my slides, was 604,000 birds per day. That's a higher increase versus 1 year ago. When you look quarter-to-quarter, this is when you compare a high season quarter like end of the year to what we faced in the first quarter with the full Ramadan coming over and the holidays. That's the main reason. Oth...

What analysts pressed on

Analysts expressed concerns regarding the significant drop in poultry volumes on a quarter-over-quarter basis, questioning whether it was solely due to lower working days or if other factors, such as potential disease outbreaks, were at play. There was also apprehension about the impact of rising feed prices on margins going forward.

Main topics on the call

• Revenue Growth from GCC Expansion — Tanmiah achieved a 30% year-over-year increase in revenue, attributed to expanded operations in GCC markets. Management stated, "We sharpened our channel approach and optimized distribution to 453 routes across KSA and t...
• Cost Pressures Impacting Profitability — Despite revenue growth, net income fell significantly due to higher fuel, utility, and logistics costs, which pressured margins. Management noted, "The year-over-year decline reflects higher fuel, utility, distribution a...
• Operational Efficiency Improvements — Management highlighted a reduction in financing costs by SAR 5 million quarter-over-quarter and improved working capital, which decreased to SAR 36 million from SAR 325 million a year ago. They emphasized, "We expect tha...
• Restaurant Operations Performance — The restaurant segment saw revenue growth of 42.2% year-over-year, reaching SAR 62 million, driven by successful marketing campaigns. However, it still recorded a net loss of SAR 12 million, indicating ongoing challenges...

Read the full Tanmiah Food Company transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 5 Tanmiah Food Company earnings call transcripts on record, spanning February 18, 2025 to May 10, 2026. Based on this history, Tanmiah Food Company reports quarterly. The most recent call on file is dated May 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

2281

Exchange

SASE

Country

SA

Sector

Consumer Staples

Industry

Food Products

Calls on record

5

First call

February 18, 2025

Most recent

May 10, 2026

Reporting cadence

quarterly