BFM Records BHD 283,701 Operating Profit as Demand for Products Rises

TDT | Manama

Email: mail@newsofbahrain.com

The Board of Directors of Bahrain Flour Mills Company B.S.C. (Al-Matahin) trading code (BFM), held their meeting yesterday at 1:00 pm, chaired by Mr. Basim Al Saie, Chairman of the Board of Directors. The Board took a number of decisions, including the approval of the company’s financial statements for the three months ended 31 March 2026.

Mr. Al Saie extended his sincere thanks and gratitude to the Board of Directors, the Executive Management and all the company employees for their support and continuous endeavors to achieve the best results, he expressed his pride in their exceptional dedication in confronting current challenges; he emphasized that their sincere efforts are the fundamental pillar for overcoming difficulties, ensuring the continuity of company operations, and stabilizing food security in the Kingdom of Bahrain, wishing Al-Matahin further progress and prosperity.

Q1 Financial Results:

Bahrain Flour Mills company B.S.C. announces its financial results for the three months ended 31 March 2026. The company achieved a net profit for the period of BHD 401,130, compared to a net loss of BHD 297,874 for the same period of last year.

The recorded profit for the first quarter of the year 2026 in comparison to the same period of 2025 is attributed to the increase in demand on Company’s products, besides the increase in fair value of investment and other income. It’s worth mentioning that toll adjustment to increased conversion cost was approved on April 2025, which explains negative operation results in comparative period.

Basic and diluted earnings per share for the first quarter increased to 16.16 fils, compared with a basic and diluted loss per share of 12 fils in the same period of 2025.

The company also achieved an operating profit during the first quarter of the year 2026 of BHD 283,701 compared to an operating loss of BHD 32,175 for the same period in 2025. The operating profit  derived from increase in sales in addition to, the compensation for the increase in conversion cost per ton.

With regards to sales, the Company achieved BHD 2,049,542 for the first quarter of 2026, compared to BHD 1,940,755 for the same period in 2025, with a increase of 6% due to high demand for uncontrolled flour products and increase in bran production and sales.

Financial Position:

The Company’s total equity decreased by 1% to BHD 27,148,381 compared with BHD  27,392,871 recorded as of 31 December 2025.

The total assets for the period reached BHD 38,551,503 compared to BHD 40,694,535 in the year 2025, with a decrease of 5%. The full set financial statements for the three months ended 31 March 2026 and the press release are available on Al-Matahin and Bahrain Bourse’s website.

In closing, Mr. Basem AlSaie expressed his highest appreciation, gratitude, and sincere thanks to His Majesty King Hamad bin Isa Al Khalifa, the King of the Kingdom of Bahrain, may God preserve and protect him, and to His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, may God protect him, in recognition of the Government’s dedicated efforts and measures that embody the Royal vision in strengthening security in all its aspects, while promoting stability, comprehensive development, and prosperity in the Kingdom of Bahrain.

He also expressed his sincere appreciation to all ministries and government entities for their significant support to the Company under various circumstances, as well as to the management and employees of Bahrain Flour Mills Company for their dedication, resilience, and professionalism during the recent exceptional challenges. He commended their tireless efforts in ensuring the continuous availability of the Company’s flour products in the market without interruption, reflecting the Company’s steadfast commitment to serving the community and supporting the food security of the Kingdom of Bahrain under all circumstances.