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Herfy Food Services Expects Higher Costs on Saudi Arabian Utility Tariff Hike
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09:37 AM EST, 11/02/2026 (MT Newswires) -- Herfy Food Services (SASE:6002) preliminarily expects a 1.2% increase in annual cost of revenue due to higher electricity and water consumption tariffs in Saudi Arabia that take effect Jan. 1, 2027. The fast-food company said Monday its preliminary estimate is based on its audited financial statements for full-year 2025. The impact is expected to be reflected in the company's financial results from the first quarter of 2027. Herfy said it will keep focusing on business efficiency and cost optimization to limit the impact on its financial results.
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