The First Milling Company (2283.SR)

Saudi Arabia · Industrial & Consumer Products · SAR

Key financials

ROE: 27.57%; 2025 (actual)
ROA: 10.89%; 2025 (actual)
Gross Margin: 42.06%; 2025 (actual)
Net Margin: 24.2%; 2025 (actual)
Total Assets: SAR 2,598,936.64K; 2025 (actual)
Net Income: SAR 277,443.27K; 2025 (actual)
Valuation: SAR 2,551,762.35K; 2026 (forecast)
Stock Price: SAR 45.98; 2026 (forecast)

Historical & projected performance

Reported figures and Equlion model projections for the next 5 years.

Metric	2025 (actual)	2026 (forecast)	2027	2028	2029	2030	2031
ROE	27.57%	30.37%	26.8%	26.23%	25.24%	22.65%	19.31%
Sector average	-	-11.95%	15.22%	13.8%	12.51%	11.46%	28.66%
ROA	10.89%	12.6%	12.18%	13.51%	14.35%	13.99%	12.77%
Sector average	-	3.75%	3.72%	3.27%	2.75%

Amounts in SAR (thousands); stock price per share. Values that are missing or fail Equlion's automated data-quality checks are shown as “-”. Stock price and valuation carry no data date: they are the Equlion model's estimate for 2026. Projections are model estimates, not investment advice.

Want the full financial forecast report for The First Milling Company? It covers the balance sheet, income statement and Equlion model projections.

Gross Margin	42.06%	42.44%	42.44%	42.44%	42.44%	42.44%	42.44%
Sector average	-	22.74%	22.74%	22.74%	22.74%	22.8%	13.95%

Net Margin	24.2%	23.25%	24.01%	24.26%	24.99%	25.32%	25.59%
Sector average	-	11.68%	6.67%	1.87%	-0.24%	-1.86%	-13.44%

Total Assets	SAR 2,598,936.64K	SAR 2,661,104.53K	SAR 3,008,499.24K	SAR 3,518,457.92K	SAR 4,136,853.49K	SAR 4,812,719.03K	SAR 5,488,131.93K
Sector average	-	SAR 2,995,827.98K	SAR 3,243,666.94K	SAR 3,709,278.68K	SAR 4,233,869.51K	SAR 4,702,285.72K	SAR 5,898,809.00K

Net Income	SAR 277,443.27K	SAR 331,489.92K	SAR 345,200.61K	SAR 440,994.87K	SAR 549,318.87K	SAR 626,000.62K	SAR 657,628.05K
Sector average	-	SAR 151,879.20K	SAR 175,764.38K	SAR 200,739.12K	SAR 231,048.42K	SAR 246,539.41K	SAR 264,632.76K

Valuation	-	SAR 2,551,762.35K	SAR 2,615,579.59K	SAR 2,666,558.97K	SAR 2,702,577.19K	SAR 2,736,628.22K	SAR 2,786,478.52K
Sector average	-	SAR 2,721,038.30K	SAR 2,765,321.93K	SAR 2,769,146.33K	SAR 2,831,425.63K	SAR 2,973,605.62K	SAR 3,299,543.97K

Stock Price	-	SAR 45.98	SAR 47.13	SAR 48.05	SAR 48.70	SAR 49.31	SAR 50.21
Sector average	-	SAR 34.54	SAR 35.26	SAR 36.32	SAR 37.58	SAR 39.29	SAR 42.24