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Watani Iron Steel Co. announces its Annual Financial results for the period ending on 2025-12-31
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WATANI STEEL
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1447/09/16 05/03/2026 08:09:26
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 428,694,801 | 553,305,344 | -22.52 | ||
| Gross Profit (Loss) | 8,102,101 | 33,679,096 | -75.94 | ||
| Operational Profit (Loss) | -10,315,237 | 15,761,678 | - | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -14,867,888 | 9,867,905 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -15,207,674 | 8,916,383 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 236,148,099 | 251,355,773 | -6.05 | ||
| Profit (Loss) per Share | -0.08 | 0.05 | |||
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The decrease in sales this year compared to last year is due to a drop in the quantity of finished product sold, resulting from a decrease in production volumes. We would also like to point out that a partial fire in the fuel storage tanks caused a partial disruption to the production process during the third quarter of this year. In addition, the lower selling price of the finished product this year compared to last year contributed to the decline in sales. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The decrease in sales this year compared to last year is due to a drop in the quantity of finished product sold, resulting from a decrease in production volumes. We would also like to point out that a partial fire in the fuel storage tanks caused a partial disruption to the production process during the third quarter of this year. In addition, the lower selling price of the finished product this year compared to last year contributed to the decline in sales. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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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