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Watani Iron Steel Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )

9513
WATANI STEEL
0.00 %
1447/02/16     10/08/2025 16:01:40

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 97,519,143128,653,804-24.2119,470,437-18.373
Gross Profit (Loss) 1,342,7203,961,329-66.1049,936,123-86.486
Operational Profit (Loss) -1,137,395-318,695256.8914,149,378-
Net profit (Loss) -1,756,541-1,503,42816.8352,873,025-
Total Comprehensive Income -1,756,541-1,503,42816.8352,873,025-
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 216,989,580273,997,878-20.806
Gross Profit (Loss) 11,278,84314,959,250-24.602
Operational Profit (Loss) 3,011,9836,249,425-51.803
Net profit (Loss) 1,116,4843,410,348-67.261
Total Comprehensive Income 1,116,4843,410,348-67.261
Total Shareholders Equity (after Deducting Minority Equity) 252,472,257245,849,7382.693
Profit (Loss) per Share 0.010.02
All figures are in (Actual) Saudi Arabia, Riyals


Element ListAmountPercentage 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 ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The main reason for the decrease in sales during the current quarter compared to the same quarter of the previous year by 24% is due to the decrease in quantities sold by 23% due to the decrease and decline in demand rates during the current quarter of 2025, which is offset by the increase in demand rates for iron and billet during the same quarter of the previous year 2024
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is due to a decrease in sales volume and quantities by 23% due to the decrease and decline in demand rates during that period, with a stable rate of change in the average cost per ton sold and a decrease in the average selling price by 1.5%
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the decrease in sales during the current quarter compared to the previous quarter by 18.4% is due to the decrease in quantities sold by 14.6% due to the decrease and decline in demand rates during the current quarter of 2025, which is offset by the increase in demand rates for iron and billet during the previous quarter of the same year 2025, in addition to the decrease in the average selling price by 4.7%
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the decrease in net profit during the current quarter compared to the previous quarter is due to a decrease in sales volume and quantities by 14.6% due to the decrease and decline in demand rates during that period, with an increase in the average cost per ton sold by 2.4% and a decrease in the average selling price by 4.7%
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 main reason for the decline in sales during the current period compared to the same period of the previous year by 21% is due to the decline in quantities sold by 22% due to the decline and decline in demand rates during the current period of 2025, which is offset by the increase in demand rates during the same period of the previous year 2024
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 reason for the decrease in net profit during the current period compared to the same period of the previous year is due to a decrease in the volume and quantities of sales by 22% due to the decrease and decline in demand for iron and billet during that period, with the change rate in the cost per ton sold and the average selling price remaining stable
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NA
Reclassification of Comparison Items NA
Additional Information -

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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