Saudi Advanced Industries Reports SAR 7.43M Net Profit in Three Months 2026
SAIC 2120.SA | 0.00 |
On 2026-05-12 08:33:17 (Saudi Time), Saudi Advanced Industries 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 | 15.21 | 15.2 | 0.065 | -42.09 | - |
| Gross Profit (Loss) | 15.21 | 15.2 | 0.065 | -42.09 | - |
| Operational Profit (Loss) | 10.92 | 8.43 | 29.537 | -46.74 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 7.43 | 5.25 | 41.523 | -53.26 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 7.43 | 4.65 | 59.784 | -48.46 | - |
| 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) | 1,018.42 | 1,235.35 | -17.56 |
| Profit (Loss) per Share | 0.13 | 0.09 | |
| 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 | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales remained nearly flat with a marginal 0.065% YoY increase to SAR 15.21 million, driven by increased unrealized gains from financial assets at fair value and higher dividend income, offset by decreased profits from associate company share sales and lower share of associate profits. Net profit surged 41.523% YoY to SAR 7.43 million, primarily due to the slight revenue increase, reduced general and administrative expenses, and lower Zakat expenses, despite higher financing costs.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased from SAR -42.09 million to SAR 15.21 million, driven primarily by higher unrealized gains from financial assets at fair value through profit or loss, despite decreases in dividends earned, associate company profits, and realized losses from asset sales. Net profit rose from SAR -53.26 million to SAR 7.43 million due to the revenue increase, lower general and administrative expenses, and reduced zakat expenses, partially offset by higher financing costs.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Total shareholders equity decreased 17.56% year-over-year to SAR 1,018.42 million, while earnings per share improved to SAR 0.13 compared to SAR 0.09 in the prior year period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95297&anCat=1&cs=2120&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.