Dhofar Food & Investment SAOG ($DFIN)

[Foreign Language]

Good morning, everyone. Today, we are going to present our annual results of 2025. Before our CFO, Mr. Mazen presents the results, I'll just give you a brief background about the year 2025 and from where we started. So mid of 2025 and end of 2024 or early 2025, we had given an indication that the group is undergoing a transformation. And as part of this transformation, we've made a lot of changes in terms of our processes, in terms of our business fundamentals, which included geographic expansion, which included new products, which included cost-cutting measures, which also included implementation of SAP, which we had indicated that we will be completing by early 2026, and that is almost at the finishing stage. Having done that, with all these measures in place, with the financial discipline being brought in the group, with a lot of focus being brought on in terms of where are the growth areas, whether it is in terms of products portfolio or it is in terms of new geographies, I think we have been able to declare a very good result, especially from the position that group was in 1.5 years back. And from a $4.2 million loss, I think we are declaring a plus breakeven. So that means that the group is back in a green territory, which is a big, big transformation, and we are saying that we are just beginning our journey. And I think this group with the kind of food categories we are currently working on, it has a lot of potential, which needs to be unlocked. And I think journey has just started, and we'll be announcing better results [Foreign Language] in the times to come, and that's something that we are hoping for. With that, I'll request Mr. Mazen to present the financials.

Thank you, Mr. Vipul. Mr. Mazen, you can share your screen.

Abdullah, can you see my screen?

Yes, but we cannot see the presentation. It's only the KPMG report.

Yes, yes. I will start with the KPMG report briefly. The KPMG has finalized all the audit procedures and issued their unqualified audit opinion. This is a copy of the report. It says, in our opinion, the accompanying consolidated separate financial statements present fairly in all material respects the consolidated and unconsolidated financial position of the group and the parent company as at 31 December 2025 and its consolidated and unconsolidated financial performance and its consolidated and unconsolidated cash flows for the year then ended in accordance with IFRS accounting standards as issued by the International Accounting Standard Board, IFRS accounting standards. I would go to the presentation for the ease of the view for the financial figures. So as far as consolidated DFI performance for the year 2025, we have realized a net profit of OMR 231,000 for the year 2025 compared to a 2024 result of a loss of almost OMR 4.2 million. This is mainly driven by sales, which increased from OMR 82 million in 2024, up to OMR 102 million in 2025. Definitely, there's a lot, as Vipul mentioned. There are a lot of improvements in terms of processes, workflows, cost-cutting measures. And one of the most important things that we would like to mention over here is that at the end of 2025 -- by the end of November 2025, we disposed of a loss-making segment, which is the poultry segment, which is over here cleared by the loss from the discontinued operations, which is also showing in the audited financials that are submitted into the MSX. As far as the consolidated balance sheet is concerned, we have ended the year with total assets of OMR 91.1 million, similarly to last year, not a big increase in the total balance sheet size, which was 90-point-something million, almost OMR 90.2 million. The current assets, the total current assets at OMR 36 million, along with total current liabilities of OMR 34.3 million. So there is also a slight improvement in the working capital for the business. As far as total noncurrent assets, we are also more or less at the same level. We are talking about OMR 55 million at noncurrent assets. And the total equity has improved from OMR 38 million up to almost OMR 42.8 million.

Anything else, Mr. Mazen?

This is in summary the results of the DFI Group for 2025, the audited results.

Okay. All right. We'll leave the chance for the attendees if we have any question. [Foreign Language] Thank you, Mr. Vipul. Thank you, Mr. Mazen. Thank you, every one.