Al Yamamah Steel Reports SAR 86.09M Net Profit in Six Months 2026
ALYAMAMAH STEEL 1304.SA | 0.00 |
On 2026-05-07 15:55:40 (Saudi Time), Al Yamamah Steel Industries Co. announced its Interim financial results for the six months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 525.873 | 512.723 | 2.564 | 498.205 | 5.553 |
| Gross Profit (Loss) | 89.765 | 51.725 | 73.542 | 76.631 | 17.139 |
| Operational Profit (Loss) | 68.394 | 30.118 | 127.086 | 54.016 | 26.618 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 48.483 | 21.948 | 120.899 | 37.61 | 28.909 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 48.483 | 21.948 | 120.899 | 37.61 | 28.909 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,024.078 | 997.167 | 2.698 |
| Gross Profit (Loss) | 165.647 | 90.014 | 84.023 |
| Operational Profit (Loss) | 122.409 | 48.81 | 150.786 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 86.092 | 26.54 | 224.385 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 86.092 | 26.54 | 224.385 |
| Total Shareholders Equity (after Deducting Minority Equity) | 707.917 | 590.221 | 19.941 |
| Profit (Loss) per Share | 1.69 | 0.52 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 2.698% YoY to SAR 1,024.078 million, driven by significant growth in both electricity and renewable energy sectors with quantity and value increases of 39.89% and 39.07% in electricity, and 20.67% and 19.48% in renewable energy respectively. Net profit surged 224.385% YoY to SAR 86.092 million, primarily due to the substantial sales growth across both sectors and an 11.63% reduction in cost of sales in the electricity sector.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 5.553% to 525.873 million riyals, driven by a 19.93% rise in electricity sector sales quantity and 19.16% increase in value, plus 10.16% quantity growth and 1.60% value increase in renewable energy sector. Net profit rose 28.909% to 48.483 million riyals, primarily attributed to the 19.16% sales growth in the electricity sector.
Other Items
The external auditor issued an unmodified conclusion with no comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. The company reports no accumulated losses, with total shareholders equity reaching SAR 707.917 million, representing a 19.941% increase from the previous year. Earnings per share improved significantly to SAR 1.69 compared to SAR 0.52 in the same period last year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95087&anCat=1&cs=1304&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.