Saudi Chemical Reports SAR 87.21M Net Profit in Three Months 2026
CHEMICAL 2230.SA | 0.00 |
On 2026-05-10 08:20:14 (Saudi Time), Saudi Chemical 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 | 1,726.73 | 1,643.72 | 5.05 | 1,683.26 | 2.582 |
| Gross Profit (Loss) | 203.68 | 213.27 | -4.496 | 202.14 | 0.761 |
| Operational Profit (Loss) | 112.49 | 118.72 | -5.247 | 119.63 | -5.968 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 87.21 | 82.33 | 5.927 | 94.87 | -8.074 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 87.21 | 82.33 | 5.927 | 93.62 | -6.846 |
| 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) | 2,470.06 | 2,173.27 | 13.656 |
| Profit (Loss) per Share | 0.1 | 0.1 | |
| 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 increased 5.05% YoY to SAR 1,726.73 million driven by higher sales volumes. Net profit rose 5.927% YoY to SAR 87.21 million, primarily due to increased revenues, reduced expected credit losses on trade receivables, lower finance costs, and gains from derivative financial instrument revaluations related to interest rate exposure.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 2.582% to 1,726.73 million riyals due to higher sales volumes. Net profit declined 8.074% to 87.21 million riyals, primarily driven by decreased operating profit from higher expected credit losses on trade receivables, despite the revenue growth and lower zakat and tax provisions.
Other Items
The external auditor issued an unmodified conclusion with no additional comments in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders equity increased 13.656% to SAR 2,470.06 million compared to the same period last year. Earnings per share remained stable at SAR 0.1. Certain comparative figures for the previous period have been reclassified to conform to the current period's presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95127&anCat=1&cs=2230&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.