BFM Reports 171% Profit Surge, Recommends BD 620,620 Dividend

The Board of Directors of Bahrain Flour Mills Company B.S.C. (Al-Matahin) (trading symbol: BFM) has approved the company’s financial results for the year ended 31 December 2025 and recommended a cash dividend distribution of BD 620,620.

The decision was announced during the Board meeting held on Sunday, 22 February 2026, chaired by Mr. Basim AlSaie, Chairman of the Board.

Dividend Recommendation

The Board recommended distributing a cash dividend of BD 620,620, equivalent to 25 fils per share or 25% of the company’s paid-up capital, subject to approval by the General Assembly and regulatory authorities.

Annual Financial Performance

For the year ended 31 December 2025, BFM reported:

• Net Profit: BD 1,174,895
  (2024: BD 432,791) — Increase of 171%

• Earnings per Share: 47.33 fils
  (2024: 17.43 fils)

• Operating Profit: BD 1,293,975
  (2024: Loss of BD 208,663)

• Sales: BD 7,554,661
  (2024: BD 7,605,900) — slight decrease of 0.7%

The significant increase in annual profit is attributed to compensation for the rise in conversion cost per ton and a reduction in operating expenses.

Fourth Quarter (Q4) Results

For Q4 2025:

• Net Loss: BD (40,140)
  (Q4 2024: BD (95,653))

• Loss per Share: 1.61 fils
  (Q4 2024: 3.86 fils)

• Operating Profit: BD 358,354
  (Q4 2024: Operating loss of BD (322,841))

• Sales: BD 2,036,468
  (Q4 2024: BD 1,868,459) — Increase of 9%

The Q4 loss was mainly due to:

• Decrease in investment valuation from listed securities

• Depreciation of the new production line

• Lease provisions related to the new mill project

Sales growth in Q4 was driven by increased market demand ahead of the Holy Month of Ramadan.

Financial Position

As of 31 December 2025:

• Total Equity: BD 27,392,871
  (Up 2% from BD 26,863,596 in 2024)

• Total Assets: BD 40,694,535
  (Up 2% from BD 39,713,717 in 2024)

The increase in assets was mainly due to subsidy receivables from the Government.

Chairman Mr. Basim AlSaie expressed appreciation to the Board, executive management, and employees for their efforts in achieving strong results. He also extended thanks to Bahrain’s leadership for continued support to the food sector and to Al-Matahin for providing subsidized essential food products to citizens and residents.