Riyadh Steel Reports SAR 6.03M Net Profit in the Six Months 2026
RIYADH STEEL 9588.SA | 0.00 |
On 2026-08-13 08:00:43 (Saudi Time), Riyadh Steel Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 70,055,150 | 82,420,895 | -15.003 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 6,031,219 | 2,454,112 | 145.759 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 85,445,655 | 80,310,806 | 6.393 | ||
| Profit (Loss) per Share | 0.09 | 0.04 | |||
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue decreased in the current period as compared to the same period of the previous year by 15%, attributable to the lower quantity of goods sold. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The net profit at SAR 6.03m during the current period was higher than SAR 2.45m in the same period of the previous year due to better selling prices and lower raw material costs. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | - |
Year-on-Year Performance Drivers
Sales/Revenue declined 15.003% YoY from SAR 82.42 to SAR 70.06 million, driven by a lower quantity of goods sold. Despite the revenue decline, net profit attributable to shareholders surged 145.759% YoY from SAR 2.45 million to SAR 6.03 million, supported by better selling prices and lower raw material costs.
Other Items
The external auditor issued an unmodified conclusion for the interim period ending June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 85,445,655, compared to SAR 80,310,806 in the same period of the previous year, reflecting a 6.393% increase. Earnings per share improved to SAR 0.09 from SAR 0.04 in the prior year period. No accumulated losses or fair value changes in investment properties were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97608&anCat=1&cs=9588&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.