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THE board of directors of Bahrain Flour Mills Company (Al Matahin), chaired by Basim Al Saie, held a meeting yesterday where a number of decisions were taken, including the approval of the company’s financial statements for the six-month period ending June 30, 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 June 30, 2026 (Q2), the company achieved a net profit of BD293,906, compared to BD974,521 for the same period of last year, representing a decrease of 70 per cent.
This decrease in net profit for the second quarter of 2026, compared with the same period in 2025, is attributable to higher cost of sales and operating expenses, in addition to the costs arising from the current geopolitical conditions and their impact on investment returns.
Basic and diluted earnings per share for the second quarter decreased to 11.84 fils compared with 39.25 fils in the same period of 2025.
The company achieved operating profit of BD46,423 during the second quarter of 2026, compared with BD703,166 for the same period in 2025, representing a decrease of 93pc. This decrease in profit is attributable to higher cost of sales and operating expenses.
Basic and diluted earnings per share for the second quarter decreased to profit of 8411. fils compared with 39.25 fils in the same period of 2025. The company also achieved an operating profit of BD46,423 during the second quarter of 2026, compared with BD703,166 for the same period in 2025, representing a decrease of 93pc. This decrease in profit is attributable to higher cost of sales and operating expenses.
With regard to sales, the company generated BD1,691,141 during the second quarter of 2026, compared with BD1,752,414 for the same period in 2025, representing a decrease of 3.5pc. This decrease was due to lower sales volumes of flour and bran products, following the surge in demand during the geopolitical conditions in the first quarter.
For the first half of 2026 (H1), BFM has reported a profit of BD695,036 versus BD676,647 profit for the same period in 2025, representing an increase of 3pc.
The company reported basic and diluted earnings per share of 28 fils for H1-2026 versus 27.26 fils profit for H1-2025. Operating profit for H1-2026 amounted to BD330,124, compared with BD670,991 for H1-2025, representing a decrease of 51pc. This decrease was due to the aforementioned reasons, as well as lower subsidy returns on imported flour and bran products. BFM generated sales of BD3,740,683 in H1-2026, 1pc higher than BD3,693,169 in H1-2025.
The company’s total equity increased slightly by 0.2pc to BD27,442,287, compared with BD27,392,871 as of end-2025, after deducting shareholders’ dividends and the charitable donations provision.
The total assets for the period reached BD46,177,575 compared to BD40,694,535 in 2025, with an increase of 13pc.
In closing, Mr Al Saie expressed his sincere thanks and appreciation to all ministries and government authorities whose support and co-operation had a significant impact in assisting the company during the exceptional period experienced by the kingdom.
He also expressed his appreciation to the company’s management and all employees for their dedicated and tireless efforts during this difficult and critical period, and for their commitment and sense of responsibility in ensuring the continuity of flour production and the availability of this essential commodity, thereby supporting food security in Bahrain.
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