Al Rashed Reports SAR 9.25M Net Profit in Three Months 2026
SALEH ALRASHED 1324.SA | 0.00 |
On 2026-05-12 08:10:26 (Saudi Time), Saleh Abdulaziz Al Rashed and Sons 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 | 155,167,537 | 170,701,208 | -9.099 | 194,071,692 | -20.046 |
| Gross Profit (Loss) | 23,197,460 | 39,966,710 | -41.958 | 45,349,019 | -48.846 |
| Operational Profit (Loss) | 10,322,361 | 21,985,288 | -53.048 | 31,174,146 | -66.888 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 9,251,981 | 23,156,731 | -60.046 | 25,536,172 | -63.769 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 9,251,981 | 23,156,731 | -60.046 | 23,057,009 | -59.873 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 447,023,016 | 438,699,747 | 1.897 |
| Profit (Loss) per Share | 0.5 | 1.24 | |
| All figures are in (Actual) 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 (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 9.10% YoY to SAR 155.17 million primarily due to a 12% decline in aggregate sales volumes, which represent the largest share of revenues, and a 47% decrease in spare parts revenues, despite 12% growth in asphalt sales. Net profit dropped 60.05% YoY to SAR 9.25 million, mainly driven by lower operating profit from reduced revenues and a significant compression in gross profit margin from 23% to 15%, compounded by lower other income during the period.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 20.05% to SAR 155.17 million due to a 19% drop in aggregate sales volumes and 44% decrease in spare parts revenues. Net profit fell 63.77% to SAR 9.25 million from SAR 25.54 million in the previous quarter, primarily driven by the 20% sales decline and gross profit margin compression from 23% to 15%.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Total shareholders equity increased 1.897% to SAR 447,023,016 compared to the previous year. Earnings per share declined to SAR 0.5 from SAR 1.24 in the corresponding quarter of 2025.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95276&anCat=1&cs=1324&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.