On 2026-08-06 15:48:29 (Saudi Time), Al Yamamah Steel Industries Co. announced its Interim financial results for the nine months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the nine-month period ending 30 June 2026, Al Yamamah Steel Industries reported sales/revenue of SAR 1,571.539 million, up 6.572% YoY from SAR 1,474.62 million, driven primarily by a 43.88% rise in sales volume and a 40.92% increase in sales value in the electricity sector. Net profit attributable to shareholders surged 253.549% YoY to SAR 148.183 million from SAR 41.913 million, fueled by the strong growth in electricity sector sales alongside a reduction in cost of sales in both the electricity and construction sectors by 11.21% and 8.41%, respectively. On a quarterly basis, the current quarter also showed robust improvement, with sales up 14.662% YoY to SAR 547.461 million and net profit up 303.896% YoY to SAR 62.091 million, attributable to a 51.28% volume increase and 44.18% value increase in electricity sector sales, a 9.37% rise in construction sector sales value, and cost of sales declines of 11.50% and 5.25% in the electricity and construction sectors respectively, along with an 11.94% increase in construction sector selling prices.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 4.105% to SAR 547.461 million, driven by higher sales volume and value in the electricity sector (up 6.92% and 8.33%, respectively) and a 14.21% increase in sales value in the construction sector. Net profit attributable to shareholders grew 28.067% QoQ to SAR 62.091 million, supported by the same sectoral sales gains alongside a 15.14% rise in selling prices within the construction sector.

Other Items

The external auditor issued an unmodified conclusion with no additional comments, reservations, or other matters noted. No accumulated losses or fair value changes on investment properties were reported. Total shareholders' equity (after deducting minority equity) stood at SAR 770.008 million as of the current period, compared to SAR 605.594 million in the same period of the prior year, representing a 27.149% increase. Earnings per share for the current nine-month period were SAR 2.92, up from SAR 0.83 in the same period of the prior year. Certain comparative figures have been reclassified to conform to the presentation for the current period.

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