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Obeikan Glass Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )
4145
OGC
-0.59
%
1447/11/25 12/05/2026 09:02:32
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 94.42 | 85.02 | 11.056 | 87.85 | 7.478 |
| Gross Profit (Loss) | 36.18 | 26.57 | 36.168 | 30.05 | 20.399 |
| Operational Profit (Loss) | 4.09 | 6.92 | -40.895 | 35.02 | -88.32 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2.29 | 6.13 | -62.642 | 34.06 | -93.276 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2.29 | 6.13 | -62.642 | 37.85 | -93.949 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 572.85 | 541.76 | 5.738 |
| Profit (Loss) per Share | 0.07 | 0.19 | |
| All figures are in (Millions) 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 (Millions) 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/revenues during the current quarter compared to the corresponding quarter of the previous year is mainly attributable to the inclusion of the results and sales of the subsidiary (Obeikan AGC) in the consolidated financial statements for the current quarter, whereas the corresponding quarter of the previous year did not include the subsidiary’s results. |
| 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 decrease in net profit during the current quarter compared to the corresponding quarter of the previous year was mainly attributable to increased losses incurred by the subsidiary (Saudi Aluminum Casting Foundry), as it is a start-up company still in its operational and development stages, in addition to lower average selling prices of products during the current quarter compared to the corresponding quarter of the previous year, which impacted the Company’s results. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in sales/revenues during the current quarter compared to the previous quarter is mainly attributable to the inclusion of the results and sales of the subsidiary (Obeikan AGC) in the consolidated financial statements for the current quarter, whereas the previous quarter did not include the subsidiary’s results. |
| 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 during the first quarter of 2026 compared to the previous quarter (Q4 2025) was mainly due to the recognition of a non-recurring impact in the previous quarter represented by the reversal of allowance for doubtful debts amounting to SAR 29.5 million, following the acquisition of Obeikan AGC Glass Company during the fourth quarter of 2025. |
| 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 interim condensed consolidated financial statements of the Company for the three-month period ended 31 March 2025, were reviewed by another auditor, who expressed an unmodified conclusion on those interim condensed consolidated financial statements on 23 Dhul Qaedah 1446H corresponding to 21 May 2025. |
| Reclassification of Comparison Items | 0 |
| 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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