Dammam, Saudi Arabia, 01 May 2025: Fourth Milling Company ("MC4" or the "Company"), a leading producer of flour and its derivatives in the Kingdom of Saudi Arabia, has announced its financial results for the three-month period ended 31 March 2025. The Company delivered stable performance with growth in revenue and profit, driven by continued strength in flour sales, sustained margin discipline, and efficient cost management.
In Q1 2025, MC4 recorded revenue growth to SAR 170.1 million, reflecting a 2.8% increase year-on-year and 2.0% growth over the previous quarter. Gross profit rose by 3.2% year-on-year to SAR 82.0 million, with gross margin holding steady at 48.2%. Operating profit was broadly flat at SAR 54.2 million. Net profit after Zakat and tax increased to SAR 52.7 million, an 8.4% rise versus Q1 2024 and a substantial 25.2% improvement compared to Q4 2024, driven by stronger top-line performance, improved returns from Sharia-compliant investments, and deferred tax gains. Earnings per share stood at SAR 0.10 for the quarter.
Growth in the Company’s core flour segment remained the primary driver of Q1 2025 performance, with flour sales increasing by 4.3% year-on-year and 6.4% compared to the previous quarter, supported by Ramadan demand and optimized product availability. The feed and bran segment remained stable year-on-year but recorded a 5.6% decline compared to Q4 2024 due to seasonal adjustments and strategic decisions on how the business optimizes profit. Profitability improved due to higher sales, enhanced cost efficiency, a SAR 2.3 million reduction in deferred tax liabilities, and an additional SAR 1.3 million in income from Shariah-compliant deposits.
Khalid Al Maktary, CEO of Fourth Milling Company, said: “This quarter’s results reflect the strength of our core business and the disciplined execution of our growth strategy. We continue to build on our market leadership in flour while investing in capabilities that position us for long-term, sustainable value creation.”
Fourth Milling Company continues to focus on executing its multi-pillar growth strategy built around five core priorities: expanding market share, enhancing operational efficiency, increasing production capacity, developing human capital, and driving product innovation by adding value driven SKUs. Following the full-year performance momentum, the Company is building scale through category leadership in flour, with its flagship FOOM brand maintaining its dominant share in the retail consumer pack segment.
Fourth Milling Company concluded 2024G with significant strategic strides, particularly approval from the GFSA to increase our production capacity by 11.67%, alongside authorization to export surplus to global markets, unlocking opportunities for expansion beyond the Kingdom's borders.
Thanks to these sustained accomplishments, we prove day after day the strength of our products and the confidence our customers place in us, thus solidifying our foothold in the Saudi market and being well placed to secure even further successes in the future to serve the interests of all our partners and shareholders.”
Looking ahead, Fourth Milling Company remains focused on expanding its capacity, strengthening its operational footprint, and pursuing margin-accretive growth. Today, the Company announced a strategic investment of approximately SAR 265 million to develop a new, state-of-the-art flour and feed mill in Al-Kharj. The expansion will increase daily flour production by 750 tons—bringing Al-Kharj’s total to 1,350 tons—and add a new feed mill with a capacity of 240 tons per day. This investment, approved by the General Food Security Authority (GFSA), will significantly enhance the Company’s ability to meet growing demand across the Kingdom and position it for long-term growth. Project execution is expected to commence in Q2 2025 following receipt of all regulatory approvals.
With this development, MC4 reaffirms its commitment to Saudi Arabia’s food security agenda and to delivering sustained value to its shareholders through capacity-led growth and market leadership.
Fourth Milling Company (MC4) is a leading producer of flour and its derivatives in Saudi Arabia, established in 2017 as part of the Saudi milling industry privatization initiative. With over 40 years of heritage, MC4 specializes in producing high-quality flour, wheat derivatives, and animal feed products that meet the demands of the Kingdom's growing population. Its flagship brand, FOOM, is the top local flour brand, recognized for its quality and market-leading position. Strategically headquartered in Dammam, MC4 operates state-of-the-art production facilities across Dammam, Madinah, and Al-Kharj, covering more than approximately 80% of the Kingdom’s population. Committed to operational excellence, sustainability, and Saudi Arabia’s Vision 2030 goals, MC4 continues to drive innovation in food security and create long-term value for its stakeholders.
MEDIA AND INVESTOR ENQUIRIES Investor.relations@mc4.com.sa
Instinctif Partners
Matthew Smallwood / Joann Joseph
Emails: matthew.smallwood@instinctif.com /
joann.joseph@instinctif.com
