Arabian Pipes Reports SAR 29.11M Net Profit in the Six Months 2026
APC 2200.SA | 0.00 |
On 2026-08-06 16:33:56 (Saudi Time), Arabian Pipes Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 159.84 | 254.42 | -37.174 | 194.57 | -17.849 |
| Gross Profit (Loss) | 24.71 | 62.3 | -60.337 | 36.89 | -33.017 |
| Operational Profit (Loss) | 12.52 | 45.95 | -72.752 | 25.26 | -50.435 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 8.99 | 34.43 | -73.889 | 20.12 | -55.318 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 8.99 | 34.43 | -73.889 | 20.12 | -55.318 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 354.41 | 503.35 | -29.589 |
| Gross Profit (Loss) | 61.6 | 125.96 | -51.095 |
| Operational Profit (Loss) | 37.79 | 96.74 | -60.936 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 29.11 | 74.6 | -60.978 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 29.11 | 74.6 | -60.978 |
| Total Shareholders Equity (after Deducting Minority Equity) | 483.23 | 453.42 | 6.574 |
| Profit (Loss) per Share | 0.15 | 0.37 | |
| 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
For the six-month period ending 30 June 2026, Arabian Pipes Co. reported sales/revenue of SAR 354.41 million, down 29.589% YoY from SAR 503.35 million, primarily driven by a decline in sales volume attributable to geopolitical situations and supply chain disruption challenges. Net profit attributable to shareholders fell 60.978% YoY to SAR 29.11 million from SAR 74.6 million, mainly due to a 51.095% decline in gross profit, as the aforementioned geopolitical and supply chain pressures led to higher shipping costs and an unfavorable change in sales mix, all of which weighed heavily on the company's bottom line.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 17.85% to SAR 159.84 million in Q2 2026 (from SAR 194.57 million in Q1 2026), driven by lower sales volumes amid geopolitical tensions and supply chain disruptions. Net profit fell 55.32% to SAR 8.99 million (from SAR 20.12 million in the previous quarter), primarily due to a 33% drop in gross profit caused by higher shipping costs stemming from the same geopolitical and supply chain challenges, compounded by an unfavorable shift in sales mix.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, reservations, or adverse opinions noted. Total shareholders' equity (after deducting minority equity) stood at SAR 483.23 million for the current period, compared to SAR 453.42 million in the same period of the prior year, representing an increase of 6.574%. Earnings per share for the current six-month period were SAR 0.15, down from SAR 0.37 in the same period of the prior year. No accumulated losses were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97369&anCat=1&cs=2200&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/20813_400_2026-08-06_15-46-27_en.pdfImportant 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.