Grunenfelder Saady Reports SAR 8.49M Net Profit in the Three Months 2026
CGS 4147.SA | 0.00 |
On 2026-08-10 15:51:27 (Saudi Time), Consolidated Grunenfelder Saady Holding Co.(4147.SA) 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 | 111,040,957 | 88,240,593 | 25.838 | 142,031,923 | -21.819 |
| Gross Profit (Loss) | 20,822,871 | 21,586,578 | -3.537 | 29,708,921 | -29.91 |
| Operational Profit (Loss) | 9,864,620 | 9,991,443 | -1.269 | 17,493,157 | -43.608 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 8,491,132 | 9,226,805 | -7.973 | 13,614,067 | -37.629 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 7,159,750 | 9,226,805 | -22.402 | 14,431,347 | -50.387 |
| 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) | 207,293,657 | 161,940,930 | 28.005 |
| Profit (Loss) per Share | 0.08 | 0.09 | |
| 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 increased 25.84% YoY to SAR 111.04 million (from SAR 88.24 million), driven by solid performance across most business segments, particularly a 165.8% surge in Stationary Refrigeration revenue to SAR 48.70 million from backlog conversion, an 18.5% rise in Customized Solutions to SAR 17.10 million, and an 8.6% increase in After Market Services to SAR 10.50 million, partially offset by a 24.1% decline in Automotive Solutions to SAR 34.80 million due to supply constraints and cautious customer sentiment amid regional geopolitical uncertainties. Net profit attributable to shareholders declined 7.97% YoY to SAR 8.49 million (from SAR 9.23 million), with net profit margin contracting to 7.6% from 10.5%, primarily due to a significant shift in revenue mix toward the lower-margin Stationary Refrigeration segment, which caused gross profit to fall 3.54% YoY to SAR 20.82 million and gross margin to compress to 18.8% from 24.5%.
Quarter-on-Quarter Performance Drivers
QoQ revenue fell 21.8% to SAR 111.04 million (from SAR 142.03 million), driven by a 46.8% drop in Automotive Solutions revenue to SAR 34.8 million due to supply constraints and cautious customer spending amid geopolitical uncertainties, alongside a 50.1% decline in Customized Solutions revenue to SAR 17.1 million reflecting the timing of large project execution and revenue recognition. These declines were partially offset by a 48.6% surge in Stationary Refrigeration revenue to SAR 48.7 million from backlog conversion and a 9.3% rise in After Market Services to SAR 10.5 million. Net profit dropped 37.6% QoQ to SAR 8.49 million (from SAR 13.61 million), further pressured by a 29.9% QoQ decline in gross profit to SAR 20.82 million, as gross margin contracted to 18.8% from 20.9% due to a significant revenue mix shift toward the lower-margin Stationary Refrigeration segment.
Other Items
Grunenfelder Saady Holding Co. reported an unmodified conclusion from its external auditor with no additional comments in any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders' equity (after deducting minority equity) stood at SAR 207,293,657 as of the current period, representing a 28.005% increase compared to SAR 161,940,930 in the same period of the prior year. Earnings per share for the current period were SAR 0.08, compared to SAR 0.09 in the same period of the prior year. Total comprehensive income attributable to shareholders was SAR 7,159,750, a decline of 22.402% YoY from SAR 9,226,805 and a decline of 50.387% QoQ from SAR 14,431,347. Some comparative figures have been reclassified, with details available in the notes to the financial statements. No material risks, going concern uncertainties, or accumulated losses were disclosed in this announcement.
Original announcement:
Attached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/34293_8327_2026-08-10_15-27-13_en.pdf
Important 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.