Alshehili Metal Reports SAR 2.33M Net Profit in the Six Months 2026
ALSHEHILI METAL 9624.SA | 0.00 |
On 2026-08-23 08:10:58 (Saudi Time), Alshehili Company for Metal Industries 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 | 21,100,023 | 33,633,708 | -37.265 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,326,521 | 5,370,465 | -56.679 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 84,808,198 | 79,130,058 | 7.175 | ||
| Profit (Loss) per Share | 0.93 | 2.22 | |||
| 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 decrease in revenue during the current period compared to the corresponding period of the previous year is mainly attributable to the impact of several factors related to market and customer conditions, trade activity, and supply chains on demand levels for the Company’s products. These factors include higher shipping and transportation costs, changes in trade activity, slower expansion in certain markets and sectors, in addition to the impact of the current circumstances on certain customers, which resulted in the postponement of certain purchasing and expansion decisions and delays in certain orders, affecting the volume and timing of customer orders during the period.
The Company continues to monitor market developments and work on enhancing operational efficiency, managing costs and supply chains, and responding to changes in demand, in a manner that supports the stability of business activities and improves performance during the coming periods. |
| 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 decrease in net profit during the current period compared to the comparable period of the previous year was mainly attributable to a decrease in gross profit resulting from the decrease in revenue, in addition to a decrease in other income and an increase in zakat expense during the period. These effects were partially offset by a decrease in general and administrative expenses and finance costs compared to the comparable period of the previous year. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | None |
Year-on-Year Performance Drivers
Sales/Revenue declined 37.265% YoY from SAR 33.63 million to SAR 21.10 million, primarily driven by weaker demand for the company's products due to higher shipping and transportation costs, changes in trade activity, slower expansion in certain markets, and delays in customer orders caused by current market and supply chain conditions. Net profit attributable to shareholders fell 56.679% YoY from SAR 5.37 million to SAR 2.33 million, mainly due to lower gross profit resulting from the revenue decline, a decrease in other income, and an increase in zakat expense, partially offset by reductions in general and administrative expenses and finance costs.
Other Items
The external auditor issued an unmodified conclusion for the interim period ending June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 84,808,198, compared to SAR 79,130,058 in the same period of the previous year, reflecting a 7.175% increase. Earnings per share were SAR 0.93 for the current period, down from SAR 2.22 in the comparable prior-year period. No reclassification of comparison items was reported, and no accumulated losses or fair value changes in investment properties were disclosed.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97735&anCat=1&cs=9624&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.