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

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 155,167,537 170,701,208 -9.099 194,071,692 -20.046
Gross Profit (Loss) 23,197,460 39,966,710 -41.958 45,349,019 -48.846
Operational Profit (Loss) 10,322,361 21,985,288 -53.048 31,174,146 -66.888
Net Profit (Loss) Attributable to Shareholders of the Issuer 9,251,981 23,156,731 -60.046 25,536,172 -63.769
Total Comprehensive Income Attributable to Shareholders of the Issuer 9,251,981 23,156,731 -60.046 23,057,009 -59.873
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Total Shareholders Equity (after Deducting Minority Equity) 447,023,016 438,699,747 1.897
Profit (Loss) per Share 0.5 1.24
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 – –
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 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 –
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