Riyadh Cables Reports SAR 281.97M Net Profit in Three Months 2026
RIYADH CABLES 4142.SA | 0.00 |
On 2026-05-05 08:06:53 (Saudi Time), Riyadh Cables Group 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 | 2,767,665 | 2,489,050 | 11.193 | 2,738,070 | 1.08 |
| Gross Profit (Loss) | 430,544 | 426,809 | 0.875 | 416,787 | 3.3 |
| Operational Profit (Loss) | 327,341 | 292,940 | 11.743 | 316,852 | 3.31 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 281,969 | 256,185 | 10.064 | 263,437 | 7.034 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 273,668 | 273,556 | 0.04 | 327,302 | -16.386 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 3,519,805 | 2,899,910 | 21.376 |
| Profit (Loss) per Share | 1.88 | 1.71 | |
| All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 11.19% YoY to SAR 2.77 million, driven by higher volumes of quantities sold. Net profit rose 10.06% YoY to SAR 281.97 million, primarily attributed to the increased sales revenue combined with favorable product mix changes that enhanced profitability.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 1.08% to 2.77 million due to improved product mix. Net profit rose 7.034% to 0.28 million, driven by the revenue increase and favorable product mix optimization.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No material uncertainties or significant risks were disclosed in the financial report. Total shareholders equity increased 21.376% to SAR 3,519,805 thousand compared to the previous year, with earnings per share improving to SAR 1.88 from SAR 1.71.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94943&anCat=1&cs=4142&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.