National Gypsum Reports SAR 3.81M Net Loss in Three Months 2026
NGC 2090.SA | 0.00 |
On 2026-05-12 08:13:28 (Saudi Time), National Gypsum 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 | 19.46 | 16.75 | 16.179 | 11.38 | 71.001 |
| Gross Profit (Loss) | -0.55 | 3.27 | - | -6.03 | -90.878 |
| Operational Profit (Loss) | -3.04 | 0.5 | - | -10.16 | -70.078 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -3.81 | 1.32 | - | -33.37 | -88.582 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 231.39 | -0.68 | - | -34.22 | - |
| 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) | 556.43 | 356.8 | 55.95 |
| Profit (Loss) per Share | -0.121 | 0.042 | |
| 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 | -1.4 | 0.44 | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 16.179% YoY to SAR 19.46 million, driven by higher sales volume and sales value. However, the company shifted from a net profit of SAR 1.32 million to a net loss of SAR 3.81 million, primarily due to increased production costs, higher finance costs, and non-cash losses from investment property revaluation.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 71.001% to SAR 19.46 million from SAR 11.38 million, driven by higher sales volume and sales value. Net loss improved 88.582% to SAR -3.81 million from SAR -33.37 million in the previous quarter, primarily due to the significant revenue increase offsetting operational challenges.
Other Items
The external auditor issued an unmodified conclusion with no additional comments in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. The company changed its accounting policy from cost model to fair value model for measuring land and investment properties, resulting in land revaluation differences of SAR 233,310,359 and investment properties valued at SAR 13,212,799 as of March 31, 2026. Total shareholders equity increased 55.95% to SAR 556.43 million compared to SAR 356.8 million in the previous year. Loss per share was SAR -0.121 compared to profit per share of SAR 0.042 in the corresponding quarter last year. The company noted that the new accounting policies do not result in any cash inflow to the company.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95279&anCat=1&cs=2090&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.