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Saudi Arabian Amiantit Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 95,864 | 182,766 | -47.548 | 169,310 | -43.379 |
| Gross Profit (Loss) | -10,118 | 13,207 | - | -2,336 | 333.133 |
| Operational Profit (Loss) | -34,031 | -6,765 | 403.045 | -40,815 | -16.621 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -54,827 | 10,660 | - | -63,379 | -13.493 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -55,043 | 25,618 | - | -63,570 | -13.413 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 794,756 | 908,224 | -12.493 |
| Profit (Loss) per Share | -1.23 | 0.24 | |
| All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 decline in sales for the current quarter compared to the same quarter of last year is primarily driven by a slowdown in demand, as a result of postponing certain projects, along with disruption to the export sales due to supply chain challenges, this deferral will have a positive impact on the sales for the coming years. |
| 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 majority of the losses recorded in the current quarter of 2026 are attributed to: - Decline in sales as a result of a slowdown in demand due to rescheduling certain projects along with increased manufacturing costs due to supply chain challenges. -Losses resulting from investments in foreign companies. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decline in sales this quarter compared to the previous quarter is primarily driven by a slowdown in demand, as a result of postponing certain projects, along with disruption to the export sales due to supply chain challenges, this deferral will have a positive impact on the sales for the coming years. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in losses recorded in the current quarter of 2026 compared to the previous quarter is due to: • The company recorded losses in the previous quarter as a result of taking provisions for foreign investments due to the closure of the factory in the Republic of Poland because of the Ukrainian Russian war, compared to the current quarter. |
| 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 net loss per share for the three-month period ending March 31, 2026,was SAR (1.23), calculated by dividing the net loss attributable to the shareholders of the company, amounting to SAR (54.8) million, by the average number of shares of 44,512,412. For the three-month period ending March 31, 2025, the earnings per share was SAR 0.24, calculated by dividing the net profits attributable to the shareholders of the company, amounting to SAR 10.7 million, by the average number of shares of 44,512,412. - The earnings per share was computed according to International Accounting Standard 33 "Earnings per Share," the earnings per share for the three-month period ending March 31, 2026, were calculated based on the number of shares, which amounts to 44,550,000 adjusted by deducting the number of shares from the employee share option plan, which amounts to 37,588 shares. |
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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