Alamar Foods Q2 2024 Earnings Release

Alamar Foods reported net profit of SAR 13 million in Q2 2024 following a net loss in Q1 2024, demonstrating early signs of recovery as geopolitical tensions subsided. Revenue declined 10.4% year-over-year to SAR 226.4 million while gross profit margin recovered to 30.4%, with adjusted pre-IFRS 16 EBITDA of SAR 26.9 million. The company maintained strong cash generation with operating cash flow of SAR 13.8 million and free cash flow of SAR 9.0 million in the quarter.