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

Good morning, gentlemen. We represent National Biscuit Industries Limited SAOG. We are going to have the MSX investor discussion session for the quarter ended 31st December 2025, which shows the results of the 9 months ended as on December '25. We'll take you through the financial position of the company in the form of unaudited results as on 31st December 2025, which will comprise of the income statement and balance sheet of the company. Balance sheet of the company will comprise further of asset positions and liability position of the company. Asset position, we will take you through the property, plant and equipment, trade and other receivables. On the liability side, we'll take you through the trade and other payables of the company. We are now discussing the income statement for the period ended 31st December 2025, which is the results of 9 months performance of the company in comparison to 9 months performance of 2024. Sales of the company stand at OMR 14.47 million as against OMR 14.84 million, which shows almost flat or a 2% decline as compared to last year. Having said so, the sales of branded products of the company or the sales mix have improved, which has resulted in increase of the gross profit by 6%. The gross profit stands at OMR 2.53 million as against OMR 2.38 million. With the healthy increase in the gross profit of the company, company before tax profit stands at OMR 936,000 for the period of 9 months as against OMR 800,000 of last year, which is a growth of 17%. At the same time, profit after tax stands at OMR 795,000 as against of OMR 680,000, which again is a growth of 17%. The entire profit attributes to the equity shareholders of the company and earnings per share for the period of 9 months stands at OMR 0.795. Now we will take you through the balance sheet as on 31st December 2025 as against the balance sheet position of 31st December 2024. Overall asset position has shown a healthy improvement of 7%. The asset position stands at OMR 18 million as against of OMR 16.7 million of last year. Breaking it up into current and noncurrent assets. The noncurrent assets have shown a growth of 7% from OMR 7.09 million to OMR 7.58 million and current asset has shown a growth of 8% from OMR 9.69 million to OMR 10.43 million. Inventories have increased in line of business requirement. Trade and other receivables have improved in spite of increase in the sales. The sales mix has been such that the trade receivables have reduced by 3%. Cash and bank position has been healthy. We have almost OMR 1.76 million of liquid cash in our end. On the liability side, same, we stand at OMR 18 million as against OMR 16.7 million. There has been an increase in the shareholder equity of 6% as against of OMR 8.42 million of last year December, we are at OMR 8.95 million. The noncurrent liabilities stands at OMR 1.41 million as against of OMR 1.36 million, which is a growth of 4% and current liabilities stands at OMR 7.65 million against OMR 7 million, which is a growth of 9%. Taking you through the breakup of property, plant and equipment as on 31st December 2025. In comparison to the opening of the year, we were having the gross block of asset at OMR 15.24 million, now which has reached to OMR 15.9 million. Net block of the asset stands at OMR 6.5 million, which was OMR 6.14 million last year at the same time. As explained earlier, trade receivables have shown a sign of improvement. The mix of sales is favorable. We are at OMR 4.65 million outstanding debtors as against OMR 5.1 million, which is a decrease of 10%. Considering the other payables, the overall position stands at OMR 5.35 million as against OMR 5.64 million. Trade and other payables shows the sign of our relationship with the vendors. Our terms are favorable. The accounts payable to creditors is OMR 2 million as against OMR 1.79 million, which shows a 15% increase. Including the other payables and accrual, the position of liabilities stands at OMR 7.5 million as against OMR 6.68 million. That's all from our side. We are open for question-and-answer session, if any. As there are no, investors those who are attending this meeting, we are hereby closing this session. Thank you very much for with us today.