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Electrical Industries Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

1303
EIC
-0.46 %
1447/11/11     28/04/2026 08:00:59

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 661,435506,68630.541698,174-5.262
Gross Profit (Loss) 249,868185,59434.631259,899-3.859
Operational Profit (Loss) 202,670137,89346.976213,600-5.117
Net Profit (Loss) Attributable to Shareholders of the Issuer 190,770123,43154.555208,714-8.597
Total Comprehensive Income Attributable to Shareholders of the Issuer 188,910125,32050.742202,329-6.632
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 1,347,314930,82844.743
Profit (Loss) per Share 0.170.11
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Thousands) 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 increase in sales in the current quarter compared to the same quarter of last year was driven by rising demand across all sectors within the Kingdom of Saudi Arabia. This increase was particularly notable in high-voltage substation projects, 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 quarter compared to the same quarter of the last year is The increase in net profit for the current quarter compared to the same quarter of last year is mainly attributed to increase of sales and the diversification of the sold products which include products with higher profitability and better gross margins. The increase in net profit is offset by an increase in selling and distribution expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The decrease in sales in the current quarter compared to the previous one is mainly attributed to the seasonal nature of the utilities and industrial sectors, where the fourth quarter typically witnesses accelerated delivery requests from customers to finalize the delivery of projects at the end of the 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 for the current quarter compared with the previous one is mainly attributed to lower sales volume driven by the seasonal factors mentioned above.
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 None

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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