Waja Co. Reports SAR 1.65M Net Profit in Three Months 2026
WAJA 9560.SA | 0.00 |
On 2026-05-12 16:28:33 (Saudi Time), Waja 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 | 25,108,173 | 25,202,190 | -0.373 | 64,584,887 | -61.123 |
| Gross Profit (Loss) | 5,274,784 | 4,590,920 | 14.896 | 8,623,170 | -38.83 |
| Operational Profit (Loss) | 3,114,329 | 2,137,866 | 45.674 | 3,343,047 | -6.841 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 1,650,998 | 1,132,375 | 45.799 | 2,757,024 | -40.116 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,650,998 | 1,132,375 | 45.799 | 2,413,266 | -31.586 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 107,218,187 | 102,291,043 | 4.816 |
| Profit (Loss) per Share | 0.024 | 0.016 | |
| 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 | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales remained relatively stable with only a 0.37% YoY decline to SAR 25.11 million, attributed to a slight decline in awarded contracts during the period. Net profit increased significantly by 45.80% YoY to SAR 1.65 million, driven by higher profit margins despite the marginal revenue decrease.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 61.12% to SAR 25.11 million from SAR 64.58 million, primarily due to a decline in awarded contracts and reduced volume of ongoing projects. Net profit decreased 40.12% to SAR 1.65 million from SAR 2.76 million, mainly attributed to lower revenues and reduced profit margins compared to the previous quarter.
Other Items
The external auditor issued an unmodified conclusion with no comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders equity increased 4.816% to SAR 107,218,187 compared to the previous year, while earnings per share improved to SAR 0.024 from SAR 0.016 in the corresponding quarter of 2025.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95328&anCat=1&cs=9560&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.