Riyadh Cables Reports SAR 588.79M Net Profit in the Six Months 2026
RIYADH CABLES 4142.SA | 0.00 |
On 2026-07-29 08:04:44 (Saudi Time), Riyadh Cables Group Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,929,961 | 2,714,843 | 7.923 | 2,767,665 | 5.864 |
| Gross Profit (Loss) | 439,209 | 443,424 | -0.95 | 430,544 | 2.012 |
| Operational Profit (Loss) | 342,399 | 323,681 | 5.782 | 327,341 | 4.6 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 306,824 | 279,285 | 9.86 | 281,969 | 8.814 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 306,028 | 312,835 | -2.175 | 273,668 | 11.824 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 5,697,626 | 5,203,894 | 9.487 |
| Gross Profit (Loss) | 869,753 | 870,233 | -0.055 |
| Operational Profit (Loss) | 669,739 | 616,621 | 8.614 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 588,793 | 535,469 | 9.958 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 579,696 | 586,392 | -1.141 |
| Total Shareholders Equity (after Deducting Minority Equity) | 3,471,032 | 2,914,535 | 19.093 |
| Profit (Loss) per Share | 3.93 | 3.58 | |
| 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
For the six-month period ending 30 June 2026, Riyadh Cables Group Co. reported sales/revenue of SAR 5,697.63 million, up 9.487% YoY from SAR 5,203.89 million, driven primarily by an increase in the volume of quantities sold. Despite higher revenues, gross profit remained nearly flat at SAR 869.75 million (vs. SAR 870.23 million, -0.055% YoY), suggesting increased cost of sales in line with higher volumes. Net profit attributable to shareholders rose 9.958% YoY to SAR 588.79 million from SAR 535.47 million, with the improvement mainly driven by the growth in sales/revenue and a stronger operational profit of SAR 669.74 million (up 8.614% YoY from SAR 616.62 million).
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 5.864% to SAR 2,929.96 million (from SAR 2,767.67 million in the previous quarter), driven by an increase in the volume of quantities sold. Net profit attributable to shareholders grew 8.814% QoQ to SAR 306.82 million (from SAR 281.97 million), primarily driven by the increase in sales/revenue.
Other Items
The external auditor issued an unmodified conclusion on the interim financial results for the six months ended June 30, 2026, with no additional comments, qualifications, or other matters noted. Total shareholders' equity (after deducting minority equity) stood at SAR 3,471,032 thousand as of the current period, compared to SAR 2,914,535 thousand in the same period of the prior year, representing an increase of 19.093%. Earnings per share for the current period were SAR 3.93, up from SAR 3.58 in the same period of the prior year. No material risks, going concern uncertainties, debt covenant breaches, accumulated losses, or reclassification of comparison items were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97051&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.