Alwasail Industrial Reports SAR 4.99M Net Profit in Three Months 2026
ALWASAIL INDUSTRIAL 4148.SA | 0.00 |
On 2026-05-11 09:48:52 (Saudi Time), Alwasail Industrial 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 | 93,317,189 | 107,099,185 | -12.868 | 135,934,765 | -31.351 |
| Gross Profit (Loss) | 20,116,042 | 30,898,545 | -34.896 | 30,948,974 | -35.002 |
| Operational Profit (Loss) | 7,798,884 | 15,349,615 | -49.191 | 11,495,221 | -32.155 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 4,986,845 | 13,276,993 | -62.439 | 7,571,416 | -34.135 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 4,986,845 | 13,276,993 | -62.439 | 7,571,416 | -34.135 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 388,059,102 | 374,472,999 | 3.628 |
| Profit (Loss) per Share | 0.02 | 0.05 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 12.868% YoY to SAR 93.32 million due to a 16.4% decrease in pipe sales resulting from reduced demand. Net profit dropped 62.439% YoY to SAR 4.99 million, driven by lower sales revenue and a 4% increase in costs due to higher raw material prices.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 31.351% to SAR 93.32 million due to decreased sales of pipes and fittings following the end of the agricultural season. Net profit dropped 34.135% to SAR 4.99 million, driven by lower sales volumes and increased financing costs.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No accumulated losses were reported, and total shareholders' equity increased 3.628% to SAR 388,059,102. Earnings per share decreased to SAR 0.02 from SAR 0.05 in the comparable prior year quarter.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95233&anCat=1&cs=4148&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.