Saudi Lime Industries Reports SAR 1.29M Net Loss in the Six Months 2026
LIME INDUSTRIES 9566.SA | 0.00 |
On 2026-08-25 15:46:20 (Saudi Time), Saudi Lime Industries 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 | 98,782,402 | 122,536,062 | -19.385 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -1,294,953 | 9,963,059 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 309,853,046 | 315,767,999 | -1.873 | ||
| Profit (Loss) per Share | -0.06 | 0.43 | |||
| 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 | The decrease in revenue during the current period compared to the corresponding period of the previous year was mainly due to a decrease in sales volume and value. |
| 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 decrease in net profit and the recording of a net loss during the current period compared to the corresponding period of the previous year was mainly due to the decrease in sales volume and value, in addition to higher operating costs and scheduled maintenance activities, as well as an increase in the provision for expected credit losses on trade receivables compared to the corresponding period of the previous year. This was despite the decrease in general and administrative expenses and finance costs during the current period compared to the corresponding period of the previous year. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | NON |
| Additional Information | There are no non-controlling interests in the financial statements. |
Year-on-Year Performance Drivers
Sales declined 19.385% YoY from SAR 122.54 million to SAR 98.78 million (converted from Actual: 122,536,062 / 1,000,000 = SAR 122.54 million; 98,782,402 / 1,000,000 = SAR 98.78 million), primarily driven by a decrease in sales volume and value. Net profit swung to a net loss of SAR 1.29 million (converted: -1,294,953 / 1,000,000) from a profit of SAR 9.96 million (converted: 9,963,059 / 1,000,000) in the prior period, mainly due to the decline in sales volume and value, higher operating costs, scheduled maintenance activities, and an increased provision for expected credit losses on trade receivables. These negative impacts were partially offset by lower general and administrative expenses and reduced finance costs during the current period.
Other Items
The external auditor issued an unmodified conclusion for the six-month period ending June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 309,853,046, compared to SAR 315,767,999 in the prior year period, a decline of 1.873%. Loss per share was SAR -0.06, versus earnings per share of SAR 0.43 in the same period of the previous year. No accumulated losses or fair value changes on investment properties were reported. There are no non-controlling interests in the financial statements, and no reclassification of comparison items was made.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97783&anCat=1&cs=9566&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.