United Wire Factories Reports SAR 14.26M Net Profit in the Six Months 2026
ASLAK 1301.SA | 0.00 |
On 2026-08-04 08:05:24 (Saudi Time), United Wire Factories Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 185.4 | 181.4 | 2.205 | 174.9 | 6.003 |
| Gross Profit (Loss) | 24.7 | 11.8 | 109.322 | 12.9 | 91.472 |
| Operational Profit (Loss) | 11.7 | 1.5 | 680 | -1.1 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 15.3 | 1.9 | 705.263 | -1.1 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 15.3 | 1.9 | 705.263 | -1.1 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 360.3 | 346.2 | 4.072 |
| Gross Profit (Loss) | 37.6 | 22.3 | 68.609 |
| Operational Profit (Loss) | 10.63 | 1.28 | 730.468 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 14.26 | 1.24 | 1,050 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 14.26 | 1.24 | 1,050 |
| Total Shareholders Equity (after Deducting Minority Equity) | 369.9 | 368.8 | 0.298 |
| Profit (Loss) per Share | 0.51 | 0.04 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, sales/revenue increased 4.072% YoY to SAR 360.3 million (from SAR 346.2 million), driven primarily by higher sales volumes. Net profit attributable to shareholders surged 1,050% YoY to SAR 14.26 million (from SAR 1.24 million), mainly due to a significant expansion in profit margins, which is also reflected in gross profit rising 68.609% YoY to SAR 37.6 million (from SAR 22.3 million) and operational profit jumping 730.468% to SAR 10.63 million (from SAR 1.28 million).
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 6.003% to SAR 185.4 million, driven by higher sales volume. Net profit swung from a loss of SAR 1.1 million in Q1 2026 to a profit of SAR 15.3 million in Q2 2026, primarily due to a significant expansion in profit margins, which also lifted gross profit by 91.472% QoQ to SAR 24.7 million and pushed operational profit from SAR -1.1 million to SAR 11.7 million.
Other Items
The external auditor issued an unmodified conclusion with no additional comments. No accumulated losses were reported. Certain comparative figures for the same period of the previous year have been reclassified to conform to the classification of the current period. Total shareholders' equity (after deducting minority equity) stood at SAR 369.9 million as of the current period, compared to SAR 368.8 million in the same period of the previous year, representing a 0.298% increase. Earnings per share for the current period were SAR 0.51, up from SAR 0.04 in the same period of the prior year. No material risks, going concern uncertainties, or additional remarks were disclosed.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97223&anCat=1&cs=1301&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.