Thob Al-Aseel Reports SAR 66.44M Net Profit in Three Months 2026
ALASEEL 4012.SA | 0.00 |
On 2026-04-26 08:15:52 (Saudi Time), Thob Al-Aseel Company announced its quarterly 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 | 252.84 | 225.48 | 12.134 | 134 | 88.686 |
| Gross Profit (Loss) | 112.25 | 98.97 | 13.418 | 54.34 | 106.569 |
| Operational Profit (Loss) | 75.15 | 72.52 | 3.626 | 25.43 | 195.517 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 66.44 | 63.03 | 5.41 | 21.87 | 203.795 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 68.63 | 61.87 | 10.926 | 21.25 | 222.964 |
| 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) | 639.21 | 614.85 | 3.961 |
| Profit (Loss) per Share | 0.17 | 0.16 | |
| 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 12.134% YoY to 252.84 million SAR, driven by increased demand for the company's products during Ramadan due to continuous product development and diversification. Net profit rose 5.41% YoY to 66.44 million SAR, primarily attributed to the sales growth and relative improvement in profit margins.
Quarter-on-Quarter Performance Drivers
QoQ revenue surged 88.686% to 252.84 million riyals from 134 million riyals in the previous quarter, driven by the seasonal nature of the company's business during Ramadan which increases demand for their products. Net profit jumped 203.795% to 66.44 million riyals compared to 21.87 million riyals in the previous quarter, primarily attributed to the significant sales increase resulting from Ramadan seasonality effects.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No material uncertainties or significant risks were identified in the auditor's report. The company maintains positive shareholders' equity of 639.21 million SAR, representing a 3.961% increase from the previous year, with earnings per share of 0.17 SAR compared to 0.16 SAR in the prior year period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94658&anCat=1&cs=4012&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.