Al Rashed Sons Reports SAR 15.65M Net Profit in the Six Months 2026
SALEH ALRASHED 1324.SA | 0.00 |
On 2026-08-06 15:47:34 (Saudi Time), Saleh Abdulaziz Al Rashed and Sons Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 160,614,487 | 190,180,875 | -15.546 | 155,167,537 | 3.51 |
| Gross Profit (Loss) | 20,082,604 | 35,150,868 | -42.867 | 23,197,460 | -13.427 |
| Operational Profit (Loss) | 7,477,128 | 21,222,154 | -64.767 | 10,322,361 | -27.563 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 6,400,985 | 17,997,768 | -64.434 | 9,251,981 | -30.814 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 6,400,985 | 17,997,768 | -64.434 | 9,251,981 | -30.814 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 315,782,024 | 360,882,083 | -12.497 |
| Gross Profit (Loss) | 43,280,064 | 74,890,918 | -42.209 |
| Operational Profit (Loss) | 17,799,489 | 43,207,442 | -58.804 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 15,652,966 | 41,154,499 | -61.965 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 15,652,966 | 41,154,499 | -61.965 |
| Total Shareholders Equity (after Deducting Minority Equity) | 400,045,250 | 373,568,963 | 7.087 |
| Profit (Loss) per Share | 0.84 | 2.21 | |
| 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
For the six-month period ending 30 June 2026, Saleh Abdulaziz Al Rashed and Sons Co. reported sales/revenue of SAR 315,782,024(currency not specified in original) — wait, the figures are in SAR (Saudi Arabia, Riyals as stated in the table footer). For the six-month period ending 30 June 2026, sales/revenue declined 12.497% YoY to SAR 31.58 million from SAR 36.09 million, primarily driven by a 15% drop in aggregate sales (on 13% lower volumes), a 7% decline in asphalt sales (on 20% lower volumes), and a 40% reduction in spare parts segment revenue, all attributable to weakened demand stemming from geopolitical challenges in the region and associated supply chain disruptions. Net profit attributable to shareholders fell 61.965% YoY to SAR 15.65 million from SAR 41.15 million, as the gross profit margin compressed sharply from 21% to 14%, reflecting both the revenue decline and increased costs of certain operating inputs driven by the same geopolitical and supply chain pressures, which together reduced operating profit and consequently net profit.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 3.51% to SAR 160.61 million (vs. SAR 155.17 million in the prior quarter), driven by a 6% increase in aggregates sales and an 11% rise in spare parts segment sales, partially offset by a slight 1% decline in asphalt sales. Despite the revenue uptick, net profit fell 30.814% QoQ to SAR 6.40 million (from SAR 9.25 million), as the gross profit margin compressed from 15% to 13%, reflecting continued pressure from geopolitical challenges in the region and associated supply chain disruptions that drove up the cost of certain operating inputs, ultimately reducing operating profit and net profit.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, reservations, or other matters noted. No material risks such as going concern uncertainties or debt covenant breaches were flagged. No accumulated losses or fair value changes in investment properties were reported for the period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97347&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.