National Biscuit Industries Limited SAOG (NBII) Earnings Call Transcript & Summary

Hi, good morning [indiscernible] second and the third discussion session for the quarter ended 30th of September 2025 as on today on 13th of November 2025. We'll be taking you through the unaudited results of National Biscuits as on 30th of September 2025. We'll be discussing detail the income statement and balance sheet of the company. Balance sheet which further comprises of fixed asset position primarily property, plant and equipment and trade and other receivables. On the liabilities side, we will be discussing trade and other payables. I will take you through the income statement of the company. Those who have joined we just discussed that we'll be discussing the income statement and the balance sheet of the company and first item which we are discussing is income statement of the company. So sales of the company has grown from OMR 8.89 million to OMR 9.11 million, which is a 2% growth for the period ended 30th of September, which is a 6 months period for the company. Cost of sales has grown by 1%. It has moved from OMR 7.57 million to OMR 7.64 million. The gross profit of the company has grown by 12% from OMR 1.32 million to OMR 1.47 million. Other income, which basically comprises interest from Wakala deposits has gone up from OMR 11,000 to OMR 31,000, which is a 186% growth. Overall income including other income has grown by 13%. On expenses side, overall expenses have grown by 3%. Sales and distribution expenses have declined by 5%. Administration expenses have grown 14%. [indiscernible] have declined by 8% and finance cost has gone up by 2%. Profit before tax has shown a healthy growth of 46%. We have moved up from OMR 316,000 to OMR 416,000. Profit after tax has grown up equally, 46%, from OMR 268,000 to OMR 391,000. Earnings per share of the company has grown by 46%, which was OMR 0.268 last year, now it is OMR 0.391 for 6 months period. On the balance sheet side, noncurrent assets, there is not much change. It has remained same, OMR 7.12 million to OMR 7.13 million. However, the current assets, inventories have gone up from OMR 2.79 million to OMR 2.89 million, which is 3% growth, which is in line with the business. Trade and other receivables have gone up from OMR 4.29 million to OMR 5.35 million. The prime reason of increase in trade receivables is increase in the branded business of the company. This 25% growth is in line with the 7% growth of the branded business of the company. Wakala deposits have increased from OMR 100,000 to OMR 900,000, which is 800% growth. [indiscernible] balance also has shown a healthy growth of 18% from OMR 792,000 to OMR 935,000. Overall noncurrent assets stand from OMR 7.97 million to OMR 10.07 million. Total assets have shown a growth of 14% from OMR 15.09 million to OMR 17.21 million. On the liabilities side, the noncurrent liabilities have moved from OMR 1.36 million to OMR 1.39 million, although there is not much change, only gratuity provisions have changed. The current liabilities trade and other payables has moved up from OMR 5.64 million to 7.18 million. Trade and other payables includes claim from our distributor [indiscernible] Since the sales of branded business has growth, debtors have grown, the claims of distributors have also growth hence there is a growth of 27%. Remaining all liabilities are standing in line with the books. Provision for income tax has grown by 38% in line with the profit of the company. Bank borrowings, which was OMR 27,000 last year, there is nil bank borrowing this year. Total current labilities changed from OMR 5.73 million of last year to OMR 7.27 million in this year, which is a 27% growth and total equity and liabilities in line with the asset position has moved from OMR 15 million to OMR 17.21 million. Taking you through the details of property, plant and equipment as on 30th September 2025. Acquisition of last year net of depreciation remains almost same, OMR 6.20 million to OMR 6.23 million. There were only some transfers from capital work in progress to the asset not being much change. As I claimed earlier, trade and other receivables basically debtors have increased from OMR 3.91 million to OMR 4.87 million. The main reason of increase in debtors is increase in the branded sales of the company, hence overall trade and other receivables have grown from OMR 4.29 million to OMR 5.35 million. In line with the increase in business, the company's trade payables included biggest item as other payables, which is basically the settlement of claims of our distributors which has moved from OMR 3 million to OMR 4 million in line with the growth of the branded business of the company. Remaining payable -- account payable is from OMR 1.57 million to OMR 1.9 million in line with the cost of consumption of materials due to a related party was again for materials, which have moved from OMR 778,000 to OMR 1.05 million. Overall trade and other payables at the end of 30th September stands at OMR 7.18 million as against of last year of OMR 5.64 million. That's all from our side. Now we are open for question-and-answer session. Thank you, gentlemen. As there are no questions, we are closing the meeting. Thank you so much.