Al-Babtain Reports SAR 143.3M Net Profit in Three Months 2026
ALBABTAIN 2320.SA | 0.00 |
On 2026-05-06 15:36:49 (Saudi Time), Al-Babtain Power and Telecommunication Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 747.9 | 631.2 | 18.488 | 761.9 | -1.837 |
| Gross Profit (Loss) | 187.3 | 144.6 | 29.529 | 197.8 | -5.308 |
| Operational Profit (Loss) | 164 | 121.8 | 34.646 | 159.9 | 2.564 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 143.3 | 88.2 | 62.471 | 139.8 | 2.503 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 135.6 | 70.9 | 91.255 | 132.1 | 2.649 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,445.7 | 1,078.6 | 34.034 |
| Profit (Loss) per Share | 2.24 | 1.38 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 18.488% YoY to SAR 747.9 million driven by gaining new projects and increased sales volume. Net profit surged 62.471% YoY to SAR 143.3 million, primarily due to improved operational costs, enhanced profit margins, and higher sales volume.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 1.84% from 761.9 million to 747.9 million SAR due to slightly decreased deliveries in poles and lighting sector projects and renewable energy sector. However, net profit increased 2.50% from 139.8 million to 143.3 million SAR driven by reduced general and administrative expenses, offsetting the revenue decline.
Other Items
The external auditor issued an unmodified conclusion with no comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. No accumulated losses were reported, with the accumulated losses amount and percentage of capital both showing as zero. Total shareholders equity increased 34.034% to SAR 1,445.7 million compared to the previous year. Earnings per share improved from SAR 1.38 to SAR 2.24. Certain comparative figures were reclassified to conform to current presentation standards.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95021&anCat=1&cs=2320&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.