Almunajem expects demand momentum to pick up with back-to-school season

Abanumay added that the company expects momentum to gradually return with the back-to-school season while continuing to closely monitor demand levels to address seasonal challenges that may affect consumption patterns across several product categories during the third quarter.

Almunajem’s Q2 2026 net profit increase was mainly spurred by higher gross profit, implying improved profit margins across most product categories, particularly red and white meat, fruits and vegetables, and dairy products, due to improved market conditions during the period.

Further, improved profit margins were backed by a combination of commercial and operational factors, including enhanced category management efficiency and the implementation of commercial and pricing policies aligned with market conditions.

Abanumay indicated that the planned capital expenditure for expansions of Loadly Logistics Solutions amounts to around SAR 83.3 million over 2025 and 2026, in line with previous disclosures.

These investments are part of the company’s plan to expand its infrastructure and logistics services and increase storage capacity.

Commenting on Loadly’s earnings contribution, Abanumay noted that the company is currently developing its operations and expanding its customer base as well as operating capacity. He expects this to gradually feed through to the parent company’s performance as the business reaches appropriate operational and economic levels.

Additionally, Almunajem’s investment in Al-Jouf Agricultural Development Co. is said to represent a long-term strategic move that is aligned with the company’s efforts to strengthen presence in the food sector, support its growth strategy and diversify its income sources, said Abanumay.

He added that the company continues to monitor Al-Jouf’s performance and business development, focusing on the value the investment could generate over the long term.++

According to Argaam data, Almunajem reported a net profit increase to SAR 181.7 million in H1 2026, compared with SAR 71 million in the same period of 2025, while Q2 profit reached SAR 84.7 million, up 173%.