Alkhorayef Reports SAR 64.48M Net Profit in Three Months 2026
AWPT 2081.SA | 0.00 |
On 2026-05-10 08:58:02 (Saudi Time), Alkhorayef Water and Power Technologies 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 | 512,879 | 636,350 | -19.403 | 595,276 | -13.841 |
| Gross Profit (Loss) | 110,710 | 101,157 | 9.443 | 111,459 | -0.671 |
| Operational Profit (Loss) | 74,825 | 76,530 | -2.227 | 76,017 | -1.568 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 64,476 | 58,154 | 10.871 | 66,349 | -2.822 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 65,558 | 38,042 | 72.33 | 87,318 | -24.92 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 981,268 | 814,285 | 20.506 |
| Profit (Loss) per Share | 1.84 | 1.66 | |
| All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 19.40% YoY to SAR 512.88 million primarily due to reduced revenue in the Water sector following project completions and handovers while transitioning to new contracts, though this was partially offset by growth in Wastewater (9.78%) and Integrated Water Solutions (18.07%) sectors. Net profit increased 10.87% YoY to SAR 64.48 million despite the revenue decline, driven by a 9.44% rise in gross profit that overcame increased diesel and asphalt costs during the period.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 13.84% to SAR 512.88 million due to project completions and handovers while the company transitions to new contracts. Net profit decreased 2.82% to SAR 64.48 million, primarily driven by a 1.57% decline in operating profit despite relatively stable gross profit margins.
Other Items
The external auditors issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No material uncertainties or significant risk factors were disclosed in the financial report. Total shareholders' equity increased 20.506% to SAR 981,268 thousand compared to the same period last year, with earnings per share improving to SAR 1.84 from SAR 1.66. Some comparison numbers were reclassified for consistency with current presentation methods.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95158&anCat=1&cs=2081&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.