East Pipes Reports SAR 573.26M Net Profit in FY2026
EAST PIPES 1321.SA | 0.00 |
On 2026-05-13 16:00:13 (Saudi Time), East Pipes Integrated Company for Industry announced its Annual financial results for the twelve months ended on March 31, 2026.
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 2,297,739,980 | 1,832,845,313 | 25.36 | ||
| Gross Profit (Loss) | 646,678,841 | 460,104,275 | 40.55 | ||
| Operational Profit (Loss) | 614,554,233 | 429,802,207 | 42.98 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 573,262,283 | 382,123,608 | 50.02 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 571,130,451 | 377,033,602 | 51.48 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,563,827,299 | 1,134,446,848 | 37.85 | ||
| Profit (Loss) per Share | 18.2 | 12.13 | |||
| 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 | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | East Pipes recorded revenue of SAR 2.3 billion in FY2025-26, compared to a revenue of SAR 1.8 billion in FY2024-25, This increase is mainly attributed to higher sales volumes in line with scheduled delivery plans and an increase in the average selling price per ton. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company recorded net profit of SAR 573 million in FY2025-26, compared to a profit of SAR 382 million in FY2024-25, , This increase is driven by higher sales volumes and an increase in the average selling price per ton. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None. |
| Reclassification of Comparison Items | The figures have been reclassified per Note 32 of the FS. |
| Additional Information | - |
| Attached Documents |
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Year-on-Year Performance Drivers
Sales increased 25.36% YoY to SAR 2,297.74 million, driven by higher sales volumes aligned with scheduled delivery plans and increased average selling price per ton. Net profit rose 50.02% YoY to SAR 573.26 million, primarily attributed to the higher sales volumes and improved pricing per ton.
Other Items
The external auditors issued an unmodified opinion with no additional comments, disclaimers, or adverse remarks noted in the audit report. The company reported no accumulated losses, with total shareholders' equity increasing 37.85% to SAR 1,563.83 million. Earnings per share improved from SAR 12.13 to SAR 18.2, while operational profit grew 42.98% to SAR 614.55 million and gross profit increased 40.55% to SAR 646.68 million.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95363&anCat=1&cs=1321&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/12939_2763_2026-05-13_15-49-48_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.