Al Omran Reports SAR 4.22M Net Loss in Q1 2026
ALOMRAN 4141.SA | 0.00 |
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2026-05-12 Corresponding to 1447-11-25 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement |
* Operating Profit (Loss): -851
(Compared to the corresponding quarter of the previous year: 8%) (Compared to the previous quarter: -82%) * Net Profit (Loss) after Zakat and Tax: -2,356 (Compared to the corresponding quarter of the previous year: 23%) (Compared to the previous quarter: -65%) * Total Comprehensive Income: -2,356 (Compared to the corresponding quarter of the previous year: 23%) (Compared to the previous quarter: -64%) * Total Shareholders’ Equity (after excluding minority interest): 145,417 (Compared to the corresponding quarter of the previous year: -5%) * Earnings (Loss) per Share: -0.2 (Compared to the corresponding quarter of the previous year: 25%) |
| Correct Statement |
* Operating Profit (Loss): -2,710
(Compared to the corresponding quarter of the previous year: 243%) (Compared to the previous quarter: -44%) * Net Profit (Loss) after Zakat and Tax: -4,215 (Compared to the corresponding quarter of the previous year: 120%) (Compared to the previous quarter: -38%) * Total Comprehensive Income: -4,215 (Compared to the corresponding quarter of the previous year: 120%) (Compared to the previous quarter: -35%) * Total Shareholders’ Equity (after excluding minority interest): 143,557 (Compared to the corresponding quarter of the previous year: -7%) * Earnings (Loss) per Share: -0.35 (Compared to the corresponding quarter of the previous year: 119%) |
| Additional Information | Due to the emergence of indicators from subsequent events suggesting the existence of doubtful debts that may not be collectible, it became necessary to recalculate the provision. |
Year-on-Year Performance Drivers
The company's operating loss deepened significantly to 2.71(currency not specified in original) million, representing a 243% deterioration compared to the corresponding quarter of the previous year. Net loss after Zakat and Tax expanded to 4.22(currency not specified in original) million, marking a 120% increase year-over-year, primarily driven by the need to recalculate provisions for doubtful debts that may not be collectible due to indicators from subsequent events.
Quarter-on-Quarter Performance Drivers
QoQ operating loss deepened by 44% to -2.71 million(currency not specified in original) while net loss after zakat and tax worsened by 38% to -4.22 million(currency not specified in original). The deterioration was primarily driven by increased provisions for doubtful debts that may not be collectible, as indicated by subsequent events analysis.
Other Items
Al Omran Industrial Trading Company issued a corrective announcement for Q1 2026 preliminary results, revising key financial figures downward due to recalculated provisions for doubtful debts. The corrected operating loss increased from -851(currency not specified in original) to -2,710(currency not specified in original), while net loss after Zakat and Tax was revised from -2,356(currency not specified in original) to -4,215(currency not specified in original). Total shareholders' equity was adjusted down to 143,557(currency not specified in original) from the previously reported 145,417(currency not specified in original), and earnings per share deteriorated to -0.35(currency not specified in original) from -0.2(currency not specified in original). The revision was necessitated by "the emergence of indicators from subsequent events suggesting the existence of doubtful debts that may not be collectible."
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95552&anCat=1&cs=4141&locale=arNote: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.
Important 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.