IssuerAnnouncementDetailsV2Portlet
Actions
Watani Iron Steel 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 | 160,805,515 | 96,275,310 | 67.026 | 119,440,512 | 34.632 |
| Gross Profit (Loss) | 30,433,755 | 3,524,495 | 763.492 | 9,036,606 | 236.783 |
| Operational Profit (Loss) | 25,261,810 | -380,620 | - | 4,002,565 | 531.14 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 23,452,415 | -1,756,541 | - | 2,375,070 | 887.441 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 23,452,415 | -1,756,541 | - | 2,375,070 | 887.441 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 280,246,027 | 214,467,459 | 30.67 |
| Gross Profit (Loss) | 39,470,361 | 12,238,365 | 222.513 |
| Operational Profit (Loss) | 29,264,375 | 3,971,505 | 636.858 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 25,827,485 | 1,116,484 | 2,213.287 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 25,827,485 | 1,116,484 | 2,213.287 |
| Total Shareholders Equity (after Deducting Minority Equity) | 261,975,584 | 252,472,257 | 3.764 |
| Profit (Loss) per Share | 0.14 | 0.01 | |
| 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 quarter compared to the same quarter of the last year is | The increase in sales during the current quarter compared to the same quarter of the previous year is due to the higher sales volume in the second quarter of 2026 compared to the second quarter of 2025, which is attributed to higher demand rates during the second quarter of 2026. |
| 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 increase in net profit during the current quarter compared to the same quarter of the previous year is due to: First: A significant increase in the average selling price of finished goods during the second quarter of 2026 compared to the average selling price of finished goods in the second quarter of 2025. Second: An increase in sales volume in the second quarter of 2026, compared to a decrease in sales volume during the same quarter of 2025. Additionally, an increase in finished goods inventory significantly contributed to higher profit margins due to lower costs, which directly resulted in the increase in net profit for the current quarter compared to the same quarter of the previous year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in sales during the current quarter compared to the previous quarter is due to higher sales volume in the second quarter of 2026 compared to the first quarter of 2026, which is attributed to higher demand rates during the second quarter of 2026 compared to the demand rates of the first quarter of 2026. |
| 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 during the current quarter compared to the previous quarter is due to: First: A significant increase in the average selling price of finished goods during the second quarter of 2026 compared to the average selling price of finished goods in the first quarter of 2026. Second: An increase in sales volume for the second quarter compared to the sales volume for the first quarter of 2026. In addition, an increase in finished goods inventory, which significantly contributed to higher profit margins due to lower costs, directly resulting in higher net profit for the current quarter compared to the previous quarter of the same year. |
| 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 during the current period of 2026 compared to the same period in 2025 is due to higher sales volume in the current period of 2026 compared to the same period in 2025, which is a result of higher demand rates during the current period compared to the same period of the previous 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 increase in net profit during the current period of 2026 compared to the same period of 2025 is attributed to the rise in the average selling price of finished goods during the current period of 2026 compared to the average selling price of finished goods for the same period of 2025, along with the increase in sales volume during the current period of 2026 compared to the sales volume for the same period of 2025. Additionally, the increase in finished goods inventory significantly contributed to higher profit margins due to its lower 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) | The company’s condensed interim financial statements for the three-month and six-month periods ended June 30, 2025, were examined by another auditor who expressed an unmodified opinion on 18 Safar 1447 AH (corresponding to August 12, 2025). The financial statements for the year ended December 31, 2025, were also audited in accordance with the International Standards on Auditing adopted in the Kingdom of Saudi Arabia by another auditor who expressed an unmodified opinion on 23 Ramadan 1447 AH (corresponding to March 12, 2026). |
| Reclassification of Comparison Items | The company has reclassified some of the comparative figures to conform to the company's current classifications. |
| 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.
Share
Company Performance
Key Parameters
Last Price 2.21
Net Change 0.04 (+1.84%)
Value Traded (Sar) 16,773.16
Volume Traded 7,615
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions