On 2026-07-30 15:51:55 (Saudi Time), Astra Industrial Group announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending 30 June 2026, sales/revenue rose 1.158% YoY to SAR 1,566.78 million (from SAR 1,548.84 million), driven primarily by increased sales in the Pharmaceuticals segment, while the Steel industries segment saw a decline. Net profit attributable to shareholders increased 5.307% YoY to SAR 365.20 million (from SAR 346.80 million), supported by higher gross profit across all segments and lower finance costs across all segments, though this was partially offset by the fact that the prior-year period had benefited from lower general and administrative expenses in the Steel industries segment due to a reversal of excess accrual.

Quarter-on-Quarter Performance Drivers

QoQ revenue declined 1.901% to SAR 775.87 million (from SAR 790.91 million in the previous quarter), driven by a decrease in sales in the Steel industries segment. Despite the revenue dip, net profit attributable to shareholders rose 10.929% QoQ to SAR 192.06 million (from SAR 173.14 million), supported by an increase in other income (net) in the Others segment and a decrease in expense for impairment of financial assets, mainly in the Steel industries segment.

Other Items

Astra Industrial Group's interim financial results for the six months ended June 30, 2026 received an unmodified conclusion from the external auditor, with no additional comments noted in any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. No material risks or going concern issues were flagged. Total shareholders' equity (after deducting minority equity) stood at SAR 3,081,032,149 as of the current period, compared to SAR 2,635,325,509 in the same period of the prior year, representing an increase of 16.912%. The company additionally noted that net shareholders' equity at the end of the period was SAR 3,080,392,221, compared to SAR 2,656,733,760 at the end of the similar period last year, an increase of 16%. Earnings per share for the current period were SAR 4.57, compared to SAR 4.33 in the same period of the prior year. Total comprehensive income attributable to shareholders of the issuer for the current period was SAR 399,041,467, up 13.519% from SAR 351,519,431 in the prior-year period. No accumulated losses or fair value changes in investment properties were reported.

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