Bawan realizes SAR 51.9M profit in Q1 2026

07/05/2026 Argaam Exclusive

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Bawan Co. reported a net profit of SAR 51.9 million for Q1 2026, compared to SAR 149.1 million in Q1 2025.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q1 2025 Q1 2026 Change‬
Revenues 910.18 1,031.32 13.3 %
Gross Income 103.95 190.34 83.1 %
Operating Income 47.01 111.56 137.3 %
Net Income 149.11 51.92 (65.2 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Riyal) 0.38 1.43 279.2 %
EPS (Riyal) 2.49 0.87 (65.2 %)

Revenues in the metal, wood and electrical industries segments decreased year-on-year (YoY) in Q1 2026.

 

The company recognized one-off non-cash bargain purchase gains amounting to SAR 126 million related to the acquisition of the oil and gas segment in Q1 2025.

 

Net profit from the electrical industries segment also declined on lower sales volumes and average selling prices, which pressured gross profit margins (GPMs).

 

Profit from the wood products segment also decreased for the same reasons, namely lower sales volumes and average selling prices, leading to weaker gross margins.

 

Operating expenses (OpEx) deepened primarily due to the consolidation of OpEx for the oil and gas industries segment for Q1 2026.

 

Financing costs (FCs) also rose as a result of higher debt costs associated with the acquisition of the oil and gas segment, in addition to the consolidation of FCs related to the segment’s working capital requirements throughout the quarter. Zakat expenses also increased.

 

On the other hand, the company said revenue increased mainly due to recognizing revenue from the oil and gas industries segment for the entire current quarter.

 

Revenue from the oil and gas industries segment also increased, while the plastics industries segment posted higher revenue driven by increased sales volumes and the sale of a land plot owned by the segment.

 

In addition, the company reported profits from metal products against losses in Q1 2025, supported by improved GPMs, alongside an increase in other income.

 

Sequentially, net profit surged from SAR 13.31 million in Q4 2025.

 

Shareholders’ equity (excluding minority interest) stood at SAR 1.12 billion at the end of the period, compared to SAR 1.05 billion in the corresponding period last year.

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Share Price

Bawan Co.
42.40
(0.32) (0.75 %)

Bawan Co. (BAWAN)

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Financial Ratios
Current
Market Cap (M Riyal) 2,544.00
Enterprise Value (EV) (M Riyal) 3,753.60
Shares Outstanding ((M)) 60.00
Recurring EPS ( Riyal) (TTM) 3.28
Book Value (BV) ( Riyal) 18.74
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 12.92
P/E (TTM) 15.15
Price/book 2.26
Dividend Yield (%) (Last Year) -
Return on Average Assets (%) (TTM) 4.4
Return on Average Equity (%) (TTM) 15.4
EV/adj EBITDA 6.13
EV/Revenues 0.90
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