Sigma Capital

04-11-2026

Saleh Abdulaziz Al Rashed and Sons Co. announces its Interim Financial results for the Period Ending on 2026-09-30 ( Nine Months )

Source: MIST

Tadawul-


Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change
Sales/Revenue 217,923,288 184,567,453 18.072 160,614,487 35.68
Gross Profit (Loss) 33,320,778 43,722,542 -23.79 20,082,604 65.918
Operational Profit (Loss) 18,748,962 29,834,913 -37.157 7,477,128 150.75
Net Profit (Loss) Attributable to Shareholders of the Issuer 19,496,510 24,966,213 -21.908 6,400,985 204.586
Total Comprehensive Income Attributable to Shareholders of the Issuer 19,496,510 24,966,213 -21.908 6,400,985 204.586
All figures are in (Actual) Saudi Arabia, Riyals


Element List Current Period Similar Period For Previous Year %Change
Sales/Revenue 533,705,312 545,449,536 -2.153
Gross Profit (Loss) 76,600,842 118,613,460 -35.419
Operational Profit (Loss) 36,548,451 73,042,355 -49.962
Net Profit (Loss) Attributable to Shareholders of the Issuer 35,149,476 66,120,712 -46.84
Total Comprehensive Income Attributable to Shareholders of the Issuer 35,149,476 66,120,712 -46.84
Total Shareholders Equity (after Deducting Minority Equity) 419,541,760 398,535,176 5.27
Profit (Loss) per Share 1.89 3.55
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 The Company’s revenue increased by 18% in the third quarter of 2026 to SAR 218 million, compared to SAR 185 million in the corresponding quarter of the previous year. This increase was primarily attributable to a 17% rise in aggregate revenue, driven by a 17% increase in sales volumes, alongside an 11% increase in asphalt revenue.
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 attributable to the Company’s shareholders decreased by 22% in the third quarter of 2026 to SAR 19 million, compared to SAR 25 million in the corresponding quarter of the previous year. This decrease was primarily attributable to a decline in the gross profit margin from 24% to 15%, reflecting higher operating costs associated with regional geopolitical challenges, related supply chain disruptions and increased costs of certain operating inputs, despite revenue growth.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The Company’s revenue increased by 36% in the third quarter of 2026 to SAR 218 million, compared to SAR 161 million in the previous quarter. This increase was primarily attributable to a 35% rise in aggregate revenue, driven by a 29% increase in sales volumes, alongside increases in asphalt and spare parts revenue of 40% and 19%, respectively
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Net profit attributable to the Company’s shareholders increased by 205% in the third quarter of 2026 to SAR 19 million, compared to SAR 6 million in the previous quarter. This increase was primarily attributable to revenue growth and an improvement in the gross profit margin from 13% to 15%, contributing to a 151% increase in operating profit.
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 Company’s revenue decreased by 2% in the first nine months of 2026 to SAR 534million, compared to SAR 545 million in the corresponding period of the previous year. This decrease was primarily attributable to declines in aggregate and asphalt revenue of 4% and 1%, driven by reductions in sales volumes of 3% and 16%, respectively, alongside a 31% decrease in spare parts revenue. This occurred amid ongoing regional geopolitical challenges and related supply chain disruptions.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net profit attributable to the Company’s shareholders amounted to SAR 35 million in the first nine months of 2026, compared to SAR 66 million in the corresponding period of the previous year, a decrease of 47%. This was attributable to a 2% decline in revenue and, primarily, a decrease in the gross profit margin from 22% to 14%, driven by higher costs of certain operating inputs amid regional geopolitical challenges and related supply chain disruptions. These factors contributed to a 50% decrease in operating profit.
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