Horizon Food progresses toward market transition with updated disclosures

HORIZON FOOD
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Riyadh — Mubasher: Horizon Food Company announced the republication of its board of directors’ report for the 2025 fiscal year as part of its ongoing transition from the Nomu-Parallel Market to the Main Market of the Saudi Exchange (Tadawul), according to a bourse filing.

The updated disclosure aligns with Corporate Governance Regulations issued by the Capital Market Authority (CMA) to satisfy listing requirements for the Main Market.

Horizon Food maintains a capital of SAR 80 million, while it reported total revenues of SAR 72.93 million for the 2025 fiscal year, representing a 7% increase compared to 2024.

Net profit reached SAR 5.51 million in 2025, resulting in an earnings per share (EPS) of SAR 0.69.

Total assets were recorded at SAR 129.72 million as of 31 December 2025, while shareholders' equity stood at SAR 117.35 million.

Operational highlights included the expansion of the company’s factory to 20,000 square meters and the operation of six production lines.

Horizon Food currently serves over 2,500 customers and maintains a localization rate of 23.74%.

The board confirmed that the transition process follows its initial approval on 27 March 2025, noting that there is no additional financial impact resulting from these updated disclosures.

Source: Mubasher Source: {{details.article.source}}