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Electrical Industries Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 708,570 | 531,358 | 33.35 | 661,435 | 7.126 |
| Gross Profit (Loss) | 267,725 | 191,245 | 39.99 | 249,868 | 7.146 |
| Operational Profit (Loss) | 217,987 | 150,062 | 45.264 | 202,670 | 7.557 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 211,533 | 136,717 | 54.723 | 190,770 | 10.883 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 211,226 | 140,872 | 49.941 | 188,910 | 11.813 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,370,005 | 1,038,043 | 31.979 |
| Gross Profit (Loss) | 517,593 | 376,839 | 37.351 |
| Operational Profit (Loss) | 420,658 | 287,956 | 46.084 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 402,303 | 260,148 | 54.643 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 400,136 | 266,192 | 50.318 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,280,502 | 1,071,660 | 19.487 |
| Profit (Loss) per Share | 0.36 | 0.23 | |
| 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 increase in sales in the current quarter compared with the same quarter of last year is attributed to the rising demand across all sectors within the Kingdom of Saudi Arabia. This increase was particularly evident in high-voltage projects, new industrial projects including the Oil & Gas sector and the increase of exports. |
| 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 of the increase in the net profit of the current quarter compared to the same quarter of last year is mainly attributed to the following: • Increase of sales from SAR 531.4 million to SAR 708.6 million. • The diversification of sold products and increase in sold products with higher profit margins. The increase in net profit is offset by increase in selling and distribution expenses and finance cost. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in sales in the current quarter compared to the previous quarter is attributed to the rising demand across all sectors within the Kingdom of Saudi Arabia. This increase was particularly evident in high-voltage projects, new industrial projects including the Oil & Gas sector and the increase of exports. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase in net profit of the current quarter compared to the previous quarter is mainly attributed to the following: • Increase of sales from SAR 661.4 million to SAR 708.6 million • The diversification of sold products and increase in sold products with higher profit margins. The increase in net profit is offset by increase in selling and distribution expenses and finance cost. |
| 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 increase in sales in the current period compared to the same period of last year was driven by the continuation of the same levels of high demand achieved during the previous period, especially in high-voltage substation projects, distribution network infrastructure projects, and a series of new industrial projects, including the Oil & Gas sector. |
| 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 increase in the net profit of the current period compared to the same period of last year is mainly attributed to: • The increase of sales from SAR 1,038 million to SAR 1,370 million • The diversification of sold products and increase in sold products with higher profit margins. The increase in net profit is offset by increase in selling and distribution expenses and finance cost. |
| 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) | None |
| Reclassification of Comparison Items | None |
| Additional Information | The financial results of the current period does not include the amount refunded from the General Authority for Competition amounting to SAR 26.1 million as this has been concluded as a non-adjusting subsequent event for the current period as per the requirements of IFRS. The refunded amount shall be included in the financial results for the third quarter of year 2026. |
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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