ARTEX Reports SAR 14.27M Net Profit in Three Months 2026
ARTEX 2340.SA | 0.00 |
On 2026-05-11 07:59:34 (Saudi Time), ARTEX Industrial Investment 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 | 151.4 | 172.32 | -12.14 | 150.69 | 0.471 |
| Gross Profit (Loss) | 24.39 | 23.32 | 4.588 | 7.87 | 209.911 |
| Operational Profit (Loss) | 16.93 | 14.88 | 13.776 | -4.33 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 14.27 | 11.74 | 21.55 | -8.15 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 14.27 | 11.74 | 21.55 | -1.58 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,071.91 | 1,041.5 | 2.919 |
| Profit (Loss) per Share | 0.18 | 0.14 | |
| 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 declined 12.14% YoY to SAR 151.4 million primarily due to decreased domestic sales caused by low demand, while export sales remained stable. Net profit increased 21.55% YoY to SAR 14.27 million despite lower revenue, driven by stable sales prices and reduced cost of sales.
Quarter-on-Quarter Performance Drivers
QoQ revenue remained stable at SAR 151.4 million compared to SAR 150.69 million in the previous quarter, showing a marginal increase of 0.471% despite prevailing geopolitical conditions. Net profit surged from a loss of SAR 8.15 million to a profit of SAR 14.27 million, driven by stable sales prices combined with reduced cost of sales and decreased provisions and zakat expenses.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. The company reported no accumulated losses, with total shareholders' equity of SAR 1,071.91 million representing a 2.919% increase from the prior year period. Earnings per share improved to SAR 0.18 compared to SAR 0.14 in the same quarter last year, and certain prior period figures were reclassified to conform with current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95197&anCat=1&cs=2340&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.