Sadr Logistics Reports SAR 2.94M Net Profit in Three Months 2026
SADR 1832.SA | 0.00 |
On 2026-05-07 16:06:20 (Saudi Time), Sadr Logistics 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 | 41,500 | 33,786 | 22.831 | 43,071 | -3.647 |
| Gross Profit (Loss) | 12,068 | 6,954 | 73.54 | 12,769 | -5.489 |
| Operational Profit (Loss) | 4,802 | 1,102 | 335.753 | 4,011 | 19.72 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,937 | 122 | 2,307.377 | 1,735 | 69.279 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,937 | 122 | 2,307.377 | 1,735 | 69.279 |
| 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) | 166,738 | 167,633 | -0.533 |
| Profit (Loss) per Share | 0.017 | 0.001 | |
| 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 | - | - | |
| Accumulated Losses | -8,985 | 5.13 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 22.83% YoY to 41.50 million SAR, driven by a 17% growth in Steel Sector revenues and a remarkable 137% surge in Logistics Sector revenues, despite a 30% decline in Wooden Sector sales. Net profit surged dramatically by 2,307.377% to 2.94 million SAR from 0.12 million SAR, primarily due to improved gross profit margins expanding from 21% to 29% as cost of revenues increased at a lower rate (10%) than sales growth, elimination of expected credit loss provisions that were recorded in the prior year, which offset increases in selling and administrative expenses.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 3.65% to 41.50 million due to a 21% drop in Steel Sector sales and 80% decrease in other sector revenues, partially offset by 28% growth in Wooden Sector and 7% increase in Logistics Sector. Net profit surged 69.28% to 2.94 million primarily driven by 3% reduction in cost of revenues, 9% decrease in both selling/marketing and general/administrative expenses, and absence of expected credit loss provisions recorded in the previous quarter.
Other Items
The external auditor issued an unmodified conclusion on the interim financial statements. Accumulated losses reached SAR 8,985 thousand, representing 5.13% of capital. Total shareholders equity decreased slightly by 0.533% to SAR 166,738 thousand compared to the previous year. Earnings per share improved to SAR 0.017 from SAR 0.001 in the corresponding quarter of the previous year. The auditor noted that comparative interim financial statements for the three-month period ended March 31, 2025 were reviewed by another auditor who expressed an unmodified conclusion. Certain comparative figures have been reclassified to conform to current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95096&anCat=1&cs=1832&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.