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Watani Iron Steel Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )

9513
WATANI STEEL
0.00 %
1447/05/14     05/11/2025 15:43:34

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 83,041,818115,653,029-28.19797,519,143-14.845
Gross Profit (Loss) 614,4264,376,847-85.9611,342,720-54.24
Operational Profit (Loss) -3,356,187162,740-1,137,395-
Net profit (Loss) -4,666,424-1,162,525301.4041,756,541-
Total Comprehensive Income -4,666,424-1,162,525301.4041,756,541-
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 300,031,398389,650,907-22.999
Gross Profit (Loss) 11,893,26919,336,097-38.491
Operational Profit (Loss) -344,2046,412,165-
Net profit (Loss) -3,549,9402,247,823-
Total Comprehensive Income -3,549,9402,247,823-
Total Shareholders Equity (after Deducting Minority Equity) 247,805,833244,687,2131.274
Profit (Loss) per Share -0.02-0.01
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 primary reason for the decrease in sales during the current quarter compared to the same quarter of the previous year is a decline in sales volume. This decrease is linked to a reduction in production volume, resulting from a partial fire in the fuel tanks at the plant, which led to a partial production shutdown during the current quarter compared to the same quarter of the previous year.
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 main reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is due to the decrease in the average selling price, which is matched by a decrease in the average cost per ton sold. In addition, there is a decrease in the volume and quantities of sales, as well as a decrease in production, which led to a significant increase in unutilized direct costs due to the factory being exposed to a partial fire incident and the partial cessation of the production process.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The main reason for the decrease in sales during the current quarter compared to the previous quarter of the same year is the decrease in the quantities sold. The decrease in sales quantities is related to the decrease in production quantities, and this is due to the factory being exposed to a partial fire incident in the fuel tanks, which led to a partial stoppage in the production process during the current quarter compared to the previous quarter of the same year
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The decrease in net profit during the current quarter compared to the previous quarter of the same year is due to a decrease in the volume and quantity of sales, in addition to a decrease in production, which led to a significant increase in unutilized direct costs due to the factory being exposed to a partial fire incident and the partial cessation of the production process. In addition to that, there is a decrease in the average selling price, which is matched by a decrease in the average cost per ton sold.
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 decrease in sales during the current period compared to the same period of the previous year is the decrease in the quantities sold, which is due to the decrease and decline in demand rates during the current period of the year. The decrease in sales quantities is related to the decrease in production quantities due to the factory being exposed to a partial fire incident in the fuel tanks, which led to a partial disruption in the production process during the current period compared to the same period of the previous year. This is countered by the increase in demand rates during the same period of the previous year compared to the same period of the current year.
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 decrease in net profit during the current period compared to the same period of the previous year is due to a decrease in sales volume and quantity, resulting from a decline in demand during the current period. This is followed by a decrease in production, which led to a significant increase in unutilized direct costs due to a partial fire in the fuel tanks at the factory, causing a partial disruption to the production process. In addition, there is a decrease in the average selling price, which is also offset by a decrease in the average cost per ton sold.
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) N/A
Reclassification of Comparison Items N/A
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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