Saudi Ceramic Reports SAR 22.42M Net Profit in Three Months 2026
SAUDI CERAMICS 2040.SA | 0.00 |
On 2026-05-12 08:03:51 (Saudi Time), Saudi Ceramic Company 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 | 383,015 | 384,603 | -0.412 | 459,913 | -16.72 |
| Gross Profit (Loss) | 119,480 | 101,621 | 17.574 | 155,932 | -23.376 |
| Operational Profit (Loss) | 37,210 | 34,229 | 8.708 | 54,684 | -31.954 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 22,419 | 21,121 | 6.145 | 40,303 | -44.373 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 22,419 | 21,121 | 6.145 | 38,277 | -41.429 |
| 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) | 1,525,522 | 1,444,714 | 5.593 |
| Profit (Loss) per Share | 0.22 | 0.21 | |
| 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 remained relatively stable with only a 0.412% YoY decline to SAR 383.02 million, as lower volumes in sanitaryware, water heaters, and red brick were offset by increased tile sales and higher average selling prices across products. Net profit increased 6.145% YoY to SAR 22.42 million, driven by improved gross profit margins from lower production costs, enhanced operational efficiency, and higher selling prices, despite increased selling and distribution expenses from retail showroom expansion and higher storage and transportation costs.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 16.72% to SAR 383.02 million due to lower sales volumes of tiles and water heater products, primarily driven by seasonal factors including Ramadan and Eid Al-Fitr holidays. Net profit dropped 44.373% to SAR 22.42 million, mainly attributable to decreased gross profit resulting from the lower sales volumes during the seasonal period.
Other Items
The auditors issued an unmodified conclusion with an emphasis of matter regarding a change in accounting estimates relating to the useful lives of certain items of property, plant and equipment as described in Note 5.1 to the condensed consolidated interim financial statements. The auditors noted that their conclusion is not modified in respect of this matter. Total shareholders equity increased 5.593% to SAR 1,525,522 thousand, while earnings per share improved to SAR 0.22 from SAR 0.21 in the prior year period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95269&anCat=1&cs=2040&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.