Trafco Group discloses financial results for half year ended 30 June 2025

TDT | Manama

Email : editor@newsofbahrain.com

rafco Group (Trading code: TRAFCO) has reported a net profit attributable to its shareholders of BD 309K for the second quarter of 2025, compared to BD 603K in the same quarter of the previous year — a decrease of 49%.

The basic and diluted earnings per share for the second quarter of 2025 were 4 fils, compared to 8 fils in the second quarter of the previous year.

The total comprehensive income attributable to shareholders for the second quarter of 2025 was BD 511K, compared to BD 521K for the same quarter last year, a decrease of 2%.

For the half year ended 30 June 2025, the net profit attributable to Trafco shareholders was BD 891K compared with BD 1.56M for the same period last year, reflecting a decrease of 43%.

The basic and diluted earnings per share for the half year of 2025 were 12 fils compared with 21 fils in the same period of the previous year.

The total comprehensive income attributable to shareholders for the half year of 2025 was BD 1.13M compared to BD 1.58M in the same period last year, a decrease of 28%.

Total shareholders' equity (excluding minority interests) as of 30 June 2025 stood at BD 29.03M, slightly down from BD 29.24M at the end of last year — a decrease of 0.7%.

Total assets as of 30 June 2025 were BD 53.89M, compared to BD 55.63M at the end of last year, a decrease of 3%.

Mr. Ebrahim Zainal, Chairman of Trafco Group, noted that despite market challenges and fluctuations in global prices—especially in the first half of the year—the group and its subsidiaries continue to provide their services by supplying food commodities to the local market.

He explained that the group is managing actual costs carefully to avoid risks such as product expiry, which caused many importers to liquidate their stocks at below-market prices, resulting in a drop in global prices.

Mr. Azzam Moutragi, Group CEO, stated that the 9% decline in total sales for the first half of 2025 had a slight impact on profits. The main decline in profits was due to a lower gross profit margin caused by the availability of a large quantity of high-cost inventory.

He added that some new projects, including the expansion of frozen warehouses at Trafco Logistics Company (with a cost of about BD 3 million), led to increased finance costs and depreciation, putting pressure on the company’s profitability.

However, the performance of all group companies improved in the second quarter, and it is hoped this positive trend will continue, supported by the stabilization of finance costs and depreciation.

Mr. Moutragi also mentioned that there was a gradual improvement in the group’s overall sales performance during the second quarter of 2025.