East Pipes Reports SAR 122.92M Net Profit in the Three Months 2026
EAST PIPES 1321.SA | 0.00 |
On 2026-07-21 16:52:24 (Saudi Time), East Pipes Integrated Company for Industry announced its Interim financial results for the three months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 520,665,521 | 385,192,515 | 35.17 | 700,942,567 | -25.719 |
| Gross Profit (Loss) | 136,722,327 | 105,259,444 | 29.89 | 190,037,954 | -28.055 |
| Operational Profit (Loss) | 138,539,033 | 104,581,273 | 32.47 | 178,631,258 | -22.444 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 122,917,040 | 90,267,350 | 36.169 | 164,686,677 | -25.363 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 125,162,328 | 90,610,531 | 38.132 | 164,069,058 | -23.713 |
| 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) | 1,562,989,627 | 1,225,057,379 | 27.585 |
| Profit (Loss) per Share | 3.9 | 2.87 | |
| 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 | |||
Year-on-Year Performance Drivers
Sales/Revenue increased 35.17% YoY to SAR 520.67 million (from SAR 385.19 million) in Q1 FY26-27, driven by higher sales volumes and an increase in average sales prices per ton. Net profit attributable to shareholders rose 36.169% YoY to SAR 122.92 million (from SAR 90.27 million), similarly attributable to the upward change in sales volume and improved average selling prices per ton.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 25.719% to SAR 520.67 million (from SAR 700.94 million in the prior quarter), driven primarily by a reduction in sales volume in line with scheduled delivery plans. Net profit attributable to shareholders fell 25.363% to SAR 122.92 million (from SAR 164.69 million), with the decrease equally attributed to the lower sales volume following scheduled delivery timelines.
Other Items
Auditors issued an unmodified conclusion with no additional comments, reservations, or adverse opinions noted. Total shareholders' equity (after deducting minority equity) stood at SAR 1,562,989,627 as of the current period, up 27.585% from SAR 1,225,057,379 in the same period of the prior year. Earnings per share for the current period were SAR 3.9, compared to SAR 2.87 in the same period of the prior year. Gross profit for the current quarter was SAR 136,722,327, up 29.89% year-on-year, while operational profit reached SAR 138,539,033, up 32.47% year-on-year. Total comprehensive income attributable to shareholders was SAR 125,162,328, representing a 38.132% increase year-on-year. No reclassification of comparison items was reported, and no material risks or going concern issues were flagged.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96913&anCat=1&cs=1321&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/12939_2763_2026-07-21_16-09-49_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.