Reported Earnings • May 16
First quarter 2026 earnings released: EPS: ر.س0.07 (vs ر.س1.16 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.07 (down from ر.س1.16 in 1Q 2025). Revenue: ر.س167.7m (down 1.7% from 1Q 2025). Net income: ر.س2.05m (down 94% from 1Q 2025). Profit margin: 1.2% (down from 20% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • May 11
Al-Jouf Agricultural Development Co., Annual General Meeting, Jun 09, 2026 Al-Jouf Agricultural Development Co., Annual General Meeting, Jun 09, 2026, at 18:30 Arab Standard Time. Location: riyadh Saudi Arabia Upcoming Dividend • Mar 17
Upcoming dividend of ر.س0.35 per share Eligible shareholders must have bought the stock before 24 March 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Saudi dividend payers (6.0%). Lower than average of industry peers (4.0%). Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: ر.س2.71 (vs ر.س2.51 in FY 2024) Full year 2025 results: EPS: ر.س2.71 (up from ر.س2.51 in FY 2024). Revenue: ر.س712.2m (up 22% from FY 2024). Net income: ر.س81.3m (up 7.9% from FY 2024). Profit margin: 11% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jan 23
Almunajem Foods Bids for Stake in Al-Jouf Saudi Arabia's Almunajem Foods Company has started talks to acquire a minority stake in the local business Al-Jouf Agricultural Development Co. In a stock exchange filing on 19 January, Almunajem Foods said the potential investment in the agribusiness is aligned with its strategy of "achieving continuous growth and strengthening its position within the food sector". Almunajem Foods, which is predominately engaged in poultry production and processing, said it is exploring a transaction in which it would subscribe to new Al Jouf shares each priced at SAR 52.5 ($14). "This initiative forms part of Almunajem Foods Company's efforts to enhance integration across the food value chain and to evaluate investment opportunities that are consistent with its long-term objectives, support food security, diversify growth sources, and create added value for its shareholders," Almunajem added in the filing. Any potential agreement between Almunajem Foods and Al Jouf remains subject to internal approvals at both companies, as well as regulatory clearance from the relevant authorities. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: ر.س0.66 (vs ر.س0.62 in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.66 (up from ر.س0.62 in 3Q 2024). Revenue: ر.س178.4m (up 21% from 3Q 2024). Net income: ر.س19.9m (up 6.9% from 3Q 2024). Profit margin: 11% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 09
Upcoming dividend of ر.س0.70 per share Eligible shareholders must have bought the stock before 16 October 2025. Payment date: 30 October 2025. Payout ratio is a comfortable 19% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Saudi dividend payers (5.1%). Lower than average of industry peers (2.9%). Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ر.س0.61 (vs ر.س0.52 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.61 (up from ر.س0.52 in 2Q 2024). Revenue: ر.س154.6m (up 37% from 2Q 2024). Net income: ر.س18.4m (up 18% from 2Q 2024). Profit margin: 12% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: ر.س1.16 (vs ر.س1.10 in 1Q 2024) First quarter 2025 results: EPS: ر.س1.16 (up from ر.س1.10 in 1Q 2024). Revenue: ر.س170.6m (up 6.3% from 1Q 2024). Net income: ر.س34.7m (up 5.3% from 1Q 2024). Profit margin: 20% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 06
Al-Jouf Agricultural Development Co., Annual General Meeting, May 29, 2025 Al-Jouf Agricultural Development Co., Annual General Meeting, May 29, 2025, at 18:30 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • Mar 11
Full year 2024 earnings released: EPS: ر.س2.51 (vs ر.س2.07 in FY 2023) Full year 2024 results: EPS: ر.س2.51 (up from ر.س2.07 in FY 2023). Revenue: ر.س582.8m (up 37% from FY 2023). Net income: ر.س75.3m (up 22% from FY 2023). Profit margin: 13% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 28
Dividend of ر.س0.50 announced Dividend of ر.س0.50 is the same as last year. Ex-date: 16th April 2025 Payment date: 1st January 1970 Dividend yield will be 1.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 47% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: ر.س0.62 (vs ر.س0.69 in 3Q 2023) Third quarter 2024 results: EPS: ر.س0.62 (down from ر.س0.69 in 3Q 2023). Revenue: ر.س1.47b (up ر.س1.32b from 3Q 2023). Net income: ر.س18.6m (down 10.0% from 3Q 2023). Profit margin: 1.3% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ر.س0.52 (vs ر.س0.16 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.52 (up from ر.س0.16 in 2Q 2023). Revenue: ر.س113.1m (up 95% from 2Q 2023). Net income: ر.س15.6m (up 232% from 2Q 2023). Profit margin: 14% (up from 8.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jun 05
Al-Jouf Agricultural Development Co., Annual General Meeting, Jun 27, 2024 Al-Jouf Agricultural Development Co., Annual General Meeting, Jun 27, 2024, at 18:30 Arab Standard Time. Location: aljouf Saudi Arabia Reported Earnings • May 20
First quarter 2024 earnings released: EPS: ر.س1.10 (vs ر.س0.67 in 1Q 2023) First quarter 2024 results: EPS: ر.س1.10 (up from ر.س0.67 in 1Q 2023). Revenue: ر.س160.5m (up 54% from 1Q 2023). Net income: ر.س32.9m (up 64% from 1Q 2023). Profit margin: 21% (up from 19% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ر.س62.00, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 27x in the Food industry in Saudi Arabia. Total loss to shareholders of 31% over the past three years. Announcement • Mar 27
Al-Jouf Agricultural Development Co. Announces Formation of Audit Committee Al-Jouf Agricultural Development Co. announced the approval of the Board of Directors to form the Audit Committee for the new session, which begins its work on March 22, 2024 for a period of three years, and ends on March 21, 2027, as follows: Mr. Mohammed bin Ahmed Yassin Al-Sheikh. He holds a Bachelor of Administrative Sciences majoring in Accounting, and has long experience in financial and accounting affairs. Membership Start Date is March 22, 2024. Mr. Omar bin Riyad bin Mohammed Al-Humaidan. He holds a Bachelor of Sharia and Law, and has extensive experience in business administration. Membership Start Date is March 22, 2024. Mr. Miqad Abdullah Abdulmohsen alkhamis. He holds a Bachelor of Accounting, and has extensive experience in the field of accounting and business administration. Membership Start Date is March 22, 2024. Announcement • Mar 12
Al-Jouf Agricultural Development Co. Announces Board Appointments Al-Jouf Agricultural Development Co. announced that at its Ordinary General Assembly Meeting held on March 7, 2024, the following nominees were elected as members of the Board of Directors for three years starting March 22, 2024 and ending March 21, 2027: Turki Abdullah Al-jawini (Representative of Human Resources Development Fund - HADAF). Mohammed Ahmed Yaseen Alshaikh. Announcement • Feb 14
Al-Jouf Agricultural Development Co., Annual General Meeting, Mar 07, 2024 Al-Jouf Agricultural Development Co., Annual General Meeting, Mar 07, 2024, at 15:30 Coordinated Universal Time. Agenda: To consider and elect board of directors. Upcoming Dividend • Jan 09
Upcoming dividend of ر.س0.25 per share at 1.0% yield Eligible shareholders must have bought the stock before 16 January 2024. Payment date: 30 January 2024. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Saudi dividend payers (4.5%). Lower than average of industry peers (1.7%). Announcement • Jan 02
Al-Jouf Agricultural Development Co. Announces Distribution of Cash Dividends to Shareholders for the First Half of Fiscal Year 2023 Al-Jouf Agricultural Development Co. announced Board of Directors at its meeting on December 14,2023, to distribute cash dividends to the company's shareholders for the first half of fiscal year 2023 with a total amount of SAR 7.5 million, at SAR 0.25 per share that equal 2.5% of the share book value, where the Eligibility is for shareholders who own shares at the end of trading on January 15, 2024, and who are registered in the company's shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the maturity date. The company would like to announce to its valued shareholders that The disbursement process will take place by transferring to shareholders' accounts associated with their investment portfolios from January 30, 2024 via Banque Saudi Fransi. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 971% After last week's 971% share price gain to ر.س48.00, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 26x in the Food industry in Saudi Arabia. Total returns to shareholders of 1,227% over the past three years. Announcement • Dec 18
Al-Jouf Agricultural Development Co. Announces Distribution of Cash Dividend for the First Half of Fiscal Year 2023 The Board of Directors of Al-Jouf Agricultural Development Co. announced that in its meeting held on 14 December 2023, to distribute cash dividends to the company's shareholders for the first half of the fiscal year 2023. Dividend per share of SAR 0.25. The Total amount distributed: SAR 7.5 Million. Eligibility is for shareholders who own shares at the end of trading of 15 January 2024, and who are registered in the company's shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the maturity date. Distribution Date is Within 15 working days from the due date. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: ر.س0.69 (vs ر.س0.66 in 3Q 2022) Third quarter 2023 results: EPS: ر.س0.69 (up from ر.س0.66 in 3Q 2022). Revenue: ر.س149.6m (up 11% from 3Q 2022). Net income: ر.س20.7m (up 4.4% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: ر.س0.16 (vs ر.س0.23 in 2Q 2022) Second quarter 2023 results: EPS: ر.س0.16 (down from ر.س0.23 in 2Q 2022). Revenue: ر.س57.9m (down 9.6% from 2Q 2022). Net income: ر.س4.70m (down 31% from 2Q 2022). Profit margin: 8.1% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س52.80, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 43x in the Food industry in Saudi Arabia. Total returns to shareholders of 116% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ر.س0.66 (vs ر.س0.11 in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.66 (up from ر.س0.11 in 3Q 2021). Revenue: ر.س135.4m (up 36% from 3Q 2021). Net income: ر.س19.8m (up 498% from 3Q 2021). Profit margin: 15% (up from 3.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: ر.س0.23 (vs ر.س0.12 in 2Q 2021) Second quarter 2022 results: EPS: ر.س0.23 (up from ر.س0.12 in 2Q 2021). Revenue: ر.س64.0m (up 15% from 2Q 2021). Net income: ر.س6.83m (up 98% from 2Q 2021). Profit margin: 11% (up from 6.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Aug 10
Al-Jouf Agricultural Development Co. Announces Distribution of Cash Dividend for the First Half of Fiscal Year 2022 The Board of Directors of Al-Jouf Agricultural Development Company decided in its meeting on 9 August 2022 to distribute cash dividends of SAR 0.50 per share for the company's shareholders for the first half of the fiscal year 2022. The Total amount distributed: SAR 15 Million. Eligibility date: Eligibility is for shareholders who own shares at the end of trading on 15 August 2022, and who are registered in the company's shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the maturity date. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ر.س43.85, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 49x in the Food industry in Saudi Arabia. Total returns to shareholders of 112% over the past three years. Reported Earnings • May 23
First quarter 2022 earnings released: EPS: ر.س0.51 (vs ر.س0.13 in 1Q 2021) First quarter 2022 results: EPS: ر.س0.51 (up from ر.س0.13 in 1Q 2021). Revenue: ر.س60.4m (down 1.6% from 1Q 2021). Net income: ر.س15.2m (up 297% from 1Q 2021). Profit margin: 25% (up from 6.3% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ر.س0.58 (down from ر.س0.71 in FY 2020). Revenue: ر.س312.7m (up 40% from FY 2020). Net income: ر.س17.4m (down 19% from FY 2020). Profit margin: 5.6% (down from 9.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Reported Earnings • Nov 09
Third quarter 2021 earnings released: EPS ر.س0.11 (vs ر.س0.26 in 3Q 2020) The company reported a decent third quarter result with improved revenues, although earnings and profit margins were weaker. Third quarter 2021 results: Revenue: ر.س99.8m (up 103% from 3Q 2020). Net income: ر.س3.32m (down 57% from 3Q 2020). Profit margin: 3.3% (down from 16% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ر.س0.12 (vs ر.س0.40 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ر.س55.7m (down 23% from 2Q 2020). Net income: ر.س3.44m (down 71% from 2Q 2020). Profit margin: 6.2% (down from 17% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ر.س0.13 (vs ر.س0.22 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ر.س61.4m (up 33% from 1Q 2020). Net income: ر.س3.84m (down 41% from 1Q 2020). Profit margin: 6.3% (down from 14% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Executive Departure • Mar 24
Member of the Audit Committee has left the company On the 22nd of March, Mazrroa bin bin Hamad al-Mazrroa's tenure in the role of Member of the Audit Committee ended. As of December 2020, Mazrroa bin personally held only 1.00k shares (ر.س37k worth at the time). Mazrroa bin is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS ر.س0.71 (vs ر.س0.69 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ر.س223.2m (flat on FY 2019). Net income: ر.س21.4m (up ر.س42.1m from FY 2019). Profit margin: 9.6% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 03
New 90-day high: ر.س80.00 The company is up 109% from its price of ر.س38.30 on 03 December 2020. The Saudi market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 5.0% over the same period. Is New 90 Day High Low • Feb 05
New 90-day high: ر.س43.30 The company is up 20% from its price of ر.س36.10 on 05 November 2020. The Saudi market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 4.0% over the same period. Announcement • Jan 07
Al-Jouf Agricultural Development Co., Annual General Meeting, Mar 04, 2021 Al-Jouf Agricultural Development Co., Annual General Meeting, Mar 04, 2021, at 15:30 Coordinated Universal Time. Agenda: To consider electing the members of the Board of Directors for the next session, which shall commence on March 22, 2021, for a period of three years ending on March 21, 2024; to consider voting on the formation of the audit committee defining its tasks, work controls, and remuneration for its members for the new session, starting from the session on March 22, 2021 till the end of the Board of Directors session on March 21, 2024 ; to consider Voting on the appointment of (Dr. Rasheed Bin Rashed Bin Saad Bin Owain- independent member) (CV Attached. Dr. Rashid) as a member of the Audit Committee from the date of the assembly until the end of the current session period of the committee on March 21, 2021, instead of the previous member of the committee (Ali Riyad Mohammad AL- humaidan - non-executive member). Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS ر.س0.26 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ر.س49.1m (down 27% from 3Q 2019). Net income: ر.س7.65m (up ر.س14.1m from 3Q 2019). Profit margin: 16% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. 
