Al Rashid Industrial Reports SAR 21.78M Net Profit in the Six Months 2026
ALRASHID INDUSTRIAL 9580.SA | 0.00 |
On 2026-08-20 08:29:57 (Saudi Time), Al Rashid Industrial Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 97,377,173 | 83,723,255 | 16.308 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 21,778,661 | 21,469,350 | 1.44 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 193,035,883 | 161,286,763 | 19.684 | ||
| Profit (Loss) per Share | 1.81 | 1.79 | |||
| 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 | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is |
The Company recorded a 16.31% increase in net revenue during the first half of 2026, reaching SAR 97.4 million compared to SAR 83.7 million during the first half of 2025. This increase was mainly attributable to:
period of 2025. This growth was mainly attributable to the following:
1. Expansion of production lines, which contributed to an increase in sales volumes. 2. Improved product availability and increased demand, in addition to the enhancement and development of products, which contributed to entering new markets. 3. Growth in both local and export markets through meeting customer demand and fulfilling market requirements. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is |
The increase in net profit by 1.44% during the first half of 2026 compared to the same period of the previous year was mainly attributable to:
1. The 16.31% increase in revenue during the same period 2. The 9.18% increase in gross operating profit compared to the same period of the previous year |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | None |
| Additional Information | None |
Year-on-Year Performance Drivers
Sales increased 16.308% YoY to SAR 97.38 million (from SAR 83.72 million), driven by the expansion of production lines that boosted sales volumes, improved product availability and enhanced product development that enabled entry into new markets, and growth in both local and export markets through meeting customer demand. Net profit attributable to shareholders rose modestly by 1.44% to SAR 21.78 million (from SAR 21.47 million), supported by the revenue growth and a 9.18% increase in gross operating profit, though the profit growth rate was significantly lower than the revenue growth rate, suggesting higher operating costs partially offset the revenue gains.
Other Items
The external auditor issued an unmodified conclusion on the interim financial statements for the six months ended June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 193,035,883, representing a 19.684% increase compared to SAR 161,286,763 in the same period of the prior year. Earnings per share were SAR 1.81, up from SAR 1.79 in the prior year period. No reclassification of comparison items was reported, no additional information was disclosed, and no profits or losses resulting from changes in investment property fair value were recorded.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97713&anCat=1&cs=9580&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.