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Saleh Abdulaziz Al Rashed and Sons Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

1324
SALEH ALRASHED
-1.53 %
1447/11/25     12/05/2026 08:10:26

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 155,167,537170,701,208-9.099194,071,692-20.046
Gross Profit (Loss) 23,197,46039,966,710-41.95845,349,019-48.846
Operational Profit (Loss) 10,322,36121,985,288-53.04831,174,146-66.888
Net Profit (Loss) Attributable to Shareholders of the Issuer 9,251,98123,156,731-60.04625,536,172-63.769
Total Comprehensive Income Attributable to Shareholders of the Issuer 9,251,98123,156,731-60.04623,057,009-59.873
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 447,023,016438,699,7471.897
Profit (Loss) per Share 0.51.24
All figures are in (Actual) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Actual) 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 Revenues decreased by 9% during the first quarter of 2026 compared to the corresponding quarter of 2025, mainly due to a 12% decline in aggregate sales volumes, as aggregates represent the largest share of the Company’s revenues, in addition to a 47% decrease in spare parts revenues. This was despite a 12% growth in asphalt sales; however, such growth was not sufficient to offset the decline in sales during the period
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Net profit during the first quarter of 2026 decreased to SAR 9.2 million, compared to SAR 23.15 million during the corresponding quarter of 2025, representing a decline of approximately 60%. This was mainly attributable to lower operating profit resulting from the decline in revenues and the decrease in gross profit margin from 23% to 15%. Net profit was also impacted by lower other income during the period.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Revenues decreased by 20% during the first quarter of 2026 compared to the previous quarter, mainly due to a 19% decline in aggregate sales volumes, in addition to a 44% decrease in spare parts revenues
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Net profit during the first quarter of 2026 decreased to SAR 9.2 million, compared to SAR 25.5 million in the previous quarter, representing a decline of approximately 64%. This was mainly attributable to a 20% decrease in sales and the decline in gross profit margin from 23% to 15%.
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 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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