Zoujaj Reports SAR 66.1M Net Profit in the Six Months 2026
ZOUJAJ 2150.SA | 0.00 |
On 2026-08-02 08:18:22 (Saudi Time), The National Company for Glass Industries "Zoujaj" 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 | 34.1 | 31.1 | 9.646 | 37.7 | -9.549 |
| Gross Profit (Loss) | 5.3 | 5 | 5.999 | 8.2 | -35.365 |
| Operational Profit (Loss) | -2.1 | 0.7 | - | 1.9 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 33.4 | 20 | 67 | 32.7 | 2.14 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 33.4 | 20 | 67 | 32.7 | 2.14 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 71.8 | 65.3 | 9.954 |
| Gross Profit (Loss) | 13.5 | 12.3 | 9.756 |
| Operational Profit (Loss) | -0.2 | 3.6 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 66.1 | 38.1 | 73.49 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 66.1 | 38.1 | 73.49 |
| Total Shareholders Equity (after Deducting Minority Equity) | 863 | 792.4 | 8.909 |
| Profit (Loss) per Share | 2.01 | 1.16 | |
| 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
For the six-month period ended 30 June 2026, sales/revenue increased 9.954% YoY to SAR 71.8 million (from SAR 65.3 million), driven by growth in export sales. Net profit attributable to shareholders surged 73.49% YoY to SAR 66.1 million (from SAR 38.1 million), primarily due to a significant rise in the share of profits from associate companies—particularly Guardian Ras Al Khaimah, whose operations returned to normal levels following a maintenance-related shutdown between February and April 2025. Despite the revenue and net profit growth, operational profit swung to a loss of SAR 0.2 million from a profit of SAR 3.6 million in the prior period, indicating increased operating cost pressures at the core business level.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 9.549% to SAR 34.1 million, driven by lower production volume in Q2 2026. Despite the revenue drop, gross profit fell more sharply by 35.365% to SAR 5.3 million and operating profit swung to a loss of SAR -2.1 million, reflecting higher relative cost pressures. Net profit attributable to shareholders edged up 2.14% QoQ to SAR 33.4 million, supported by a rise in the share of profits from associate companies.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or qualifications noted. No reclassification of comparison items was made. Total shareholders' equity (after deducting minority equity) stood at SAR 863 million as of 30 June 2026, up 8.909% from SAR 792.4 million in the same period of the prior year. Earnings per share for the six-month period reached SAR 2.01, compared to SAR 1.16 in the same period of the prior year. No profits or losses resulting from changes in investment property fair value were reported. The company notes that IFRS 18, which comes into effect on 01/01/2027, has not yet been applied.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97153&anCat=1&cs=2150&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.