Al Hassan Shaker Reports SAR 24.28M Net Profit in Three Months 2026
SHAKER 1214.SA | 0.00 |
On 2026-05-07 15:42:35 (Saudi Time), Al Hassan Ghazi Ibrahim Shaker 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 | 402,167 | 400,416 | 0.437 | 280,875 | 43.183 |
| Gross Profit (Loss) | 95,348 | 100,633 | -5.251 | 68,080 | 40.052 |
| Operational Profit (Loss) | 22,363 | 25,076 | -10.819 | 22,192 | 0.77 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 24,280 | 27,205 | -10.751 | 16,830 | 44.266 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 22,722 | 27,723 | -18.039 | 16,416 | 38.413 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 875,572 | 825,892 | 6.015 |
| Profit (Loss) per Share | 0.36 | 0.4 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased marginally by 0.437% YoY to SAR 402.17 million, with growth in the Home Appliances segment (8.2% increase) offset by a decline in the HVAC segment (4.1% decrease) due to lower project activity. Net profit declined 10.751% YoY to SAR 24.28 million, primarily driven by lower gross profit margins resulting from reduced contribution from higher-margin HVAC project business and increased reliance on consumer-driven Home Appliances sales. The decline was further exacerbated by higher finance-related costs and reduced operating efficiency, despite management's continued cost discipline across operating expenses.
Quarter-on-Quarter Performance Drivers
QoQ revenue surged 43.18% to SAR 402.17 million driven by seasonal demand, particularly in the Home Appliances segment, and improved activity following a softer prior quarter. Net profit increased 44.27% to SAR 24.28 million, supported by higher revenue and improved gross profitability. Gross profit rose 40.05% in line with revenue growth, while operating profit remained stable at 0.77% growth as higher gross profit was offset by increased operating expenses.
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. Total shareholders equity increased 6.015% YoY to SAR 875,572 thousand. Earnings per share decreased to SAR 0.36 from SAR 0.40 in the prior year period. The comparative figures for earnings per share were reclassified to meet current year classification according to IFRS endorsed in Saudi Arabia.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95078&anCat=1&cs=1214&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/31693_373_2026-05-07_15-16-09_en.pdfImportant 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.