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THE board of directors of Bahrain Flour Mills Company (Al Matahin) held a meeting yesterday, chaired by Basim Al Saie.
The board took a number of decisions, including the approval of the company’s financial statements for the three months ended March 31, 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 endeavours to achieve the best results, he expressed his pride in their exceptional dedication in confronting current challenges; he emphasised that their sincere efforts are the fundamental pillar for overcoming difficulties, ensuring the continuity of company operations, and stabilising food security in Bahrain, wishing Al Matahin further progress and prosperity.
For the three months ended March 31, 2026, the company achieved a net profit of BD401,130, compared to a net loss of BD297,874 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 in 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 BD283,701 compared to an operating loss of BD32,175 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 tonne.
With regards to sales, the company achieved BD2,049,542 for the first quarter of 2026, compared to BD1,940,755 for the same period in 2025, with a increase of 6pc due to high demand for uncontrolled flour products and increase in bran production and sales.
The company’s total equity decreased by 1pc to BD27,148,381 compared with BD27,392,871 recorded as of December 31, 2025.
The total assets for the period reached BD38,551,503 compared to BD40,694,535 in the year 2025, with a decrease of 5pc.
In closing, Mr Al Saie expressed his highest appreciation, gratitude, and sincere thanks to His Majesty King Hamad bin Isa Al Khalifa and to His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister 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.
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 Bahrain under all circumstances.
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