SSP makes SAR 109M profit in 9M 2026, SAR 27M in Q3

05/11/2026 Argaam Exclusive

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Saudi Steel Pipe Co. (SSP) reported a net profit of SAR 109 million for the first nine months of 2026, down from SAR 147 million in the same period a year earlier.



Financials (Million Riyal)

Item 9m 2025 9m 2026 Change‬
Revenues 1,031.00 955.00 (7.4 %)
Gross Income 246.00 243.00 (1.2 %)
Operating Income 179.00 180.00 0.6 %
Net Income 147.00 109.00 (25.9 %)
Average Shares 51.00 51.00 -
Earnings Per Share before unusual items (Riyals) 1.77 2.14 20.5 %
EPS (Riyal) 2.88 2.14 (25.9 %)

The decline was due to the absence of SAR 54 million in land settlement compensation recorded in the year-earlier period and a 7.4% year-on-year (YoY) decrease in revenue to SAR 955 million, reflecting lower sales volumes.

 

This was partly offset by lower selling, marketing, and distribution expenses, as the year-earlier period included non-recurring costs.

 

SSP maintained positive earnings before interest, taxes, depreciation, and amortization (EBITDA) of SAR 243 million, compared with SAR 241 million a year earlier. Free cash flow also increased to SAR 286 million from SAR 138 million, despite higher capital expenditure.

 

Additionally, the company reported a net cash position of SAR 214 million at the end of the period, compared with net debt of SAR 217 million a year earlier.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q3 2025 Q3 2026 Change‬
Revenues 241.00 263.00 9.1 %
Gross Income 58.00 61.00 5.2 %
Operating Income 46.00 46.00 -
Net Income 26.00 27.00 3.8 %
Average Shares 51.00 51.00 -
Earnings Per Share before unusual items (Riyal) 0.51 0.53 3.8 %
EPS (Riyal) 0.51 0.53 3.8 %

In Q3 2026, net profit rose 3.8% to SAR 27 million from SAR 26 million in Q3 2025, supported by higher revenue driven by an improved sales mix and increased sales volumes.

 

Sequentially, the three-month bottom line fell 10% from SAR 30 million in Q2 2026, affected by lower sales volume.

 

Shareholders’ equity, after minority interest, stood at SAR 924 million by the end of Sept. 30, 2026, compared to SAR 810 million in the year-earlier period.

 

Attached Document:

 

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Share Price

Saudi Steel Pipe Co.
47.54
(0.24) (0.50 %)

Saudi Steel Pipe Co. (SSP)

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Financial Ratios
Current
Market Cap (M Riyal) 2,424.54
Enterprise Value (EV) (M Riyal) 2,565.54
Shares Outstanding ((M)) 51.00
Recurring EPS ( Riyal) (TTM) 3.01
Book Value (BV) ( Riyal) 18.12
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 15.79
P/E (TTM) 15.79
Price/book 2.62
Dividend Yield (%) (Last Year) 1.58
Return on Average Assets (%) (TTM) 9.2
Return on Average Equity (%) (TTM) 17.7
EV/Revenues 1.92
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Financial results (Million Riyal)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2006 - - - - - -
Q2 2006 - - - - - -
Q3 2006 - - - - - -
Q4 2006 - - - - - -
Q1 2007 - - - - - -
Q2 2007 - - - - - -
Q3 2007 - - - - - -
Q4 2007 - - - - - -
Q1 2008 - - - - - -
Q2 2008 - - - - - -
Q3 2008 - - - - - -
Q4 2008 - - - - - -
Q1 2009 155.80 - 40.80 - 34.46 -
Q2 2009 145.28 - 40.19 - 34.20 -
Q3 2009 130.83 - 36.93 - 30.80 -
Q4 2009 106.74 - 21.69 - 14.17 -
Q1 2010 153.44 (1.5 %) 28.11 (31.1 %) 19.93 (42.2 %)
Q2 2010 168.86 16.2 % 33.00 (17.9 %) 25.27 (26.1 %)
Q3 2010 104.11 (20.4 %) 13.27 (64.1 %) 6.79 (77.9 %)
Q4 2010 166.87 56.3 % 34.15 57.4 % 25.63 80.8 %
Q1 2011 163.11 6.3 % 28.75 2.3 % 21.04 5.6 %
Q2 2011 153.83 (8.9 %) 29.74 (9.9 %) 21.17 (16.2 %)
Q3 2011 140.14 34.6 % 17.97 35.3 % 10.02 47.4 %
Q4 2011 172.27 3.2 % 23.03 (32.6 %) 13.91 (45.7 %)
Q1 2012 206.85 26.8 % 29.13 1.3 % 19.36 (8.0 %)
Q2 2012 187.48 21.9 % 22.88 (23.1 %) 13.33 (37.1 %)
Q3 2012 152.16 8.6 % 19.39 7.9 % 9.87 (1.5 %)
Q4 2012 179.87 4.4 % 26.57 15.4 % 15.12 8.7 %
Q1 2013 248.48 20.1 % 37.91 30.2 % 24.63 27.3 %
Q2 2013 249.13 32.9 % 39.45 72.5 % 26.51 98.9 %
Q3 2013 172.98 13.7 % 27.95 44.1 % 18.02 82.6 %
Q4 2013 168.76 (6.2 %) 25.76 (3.0 %) 14.09 (6.8 %)
Q1 2014 224.73 (9.6 %) 21.65 (42.9 %) 9.05 (63.2 %)
Q2 2014 249.65 0.2 % 32.69 (17.1 %) 19.91 (24.9 %)
Q3 2014 241.88 39.8 % 23.65 (15.4 %) 9.81 (45.6 %)
Q4 2014 141.74 (16.0 %) 19.38 (24.8 %) 7.03 (50.1 %)
Q1 2015 248.49 10.6 % 29.24 35.0 % 14.61 61.3 %
Q2 2015 279.97 12.1 % 38.88 18.9 % 24.70 24.1 %
Q3 2015 179.88 (25.6 %) 21.52 (9.0 %) 8.34 (15.0 %)
Q4 2015 143.55 1.3 % 11.55 (40.4 %) (1.11) (115.8 %)
Q1 2016 194.34 (21.8 %) 28.94 (1.0 %) 13.57 (7.1 %)
Q2 2016 151.35 (45.9 %) 16.01 (58.8 %) 3.29 (86.7 %)
Q3 2016 122.61 (31.8 %) 10.46 (51.4 %) (0.23) (102.8 %)
Q4 2016 136.47 (4.9 %) (1.56) (113.5 %) (14.30) (1,191.7 %)
Q1 2017 128.01 (34.1 %) 18.12 (37.4 %) 7.78 (42.7 %)
Q2 2017 162.10 7.1 % 22.32 39.4 % 10.12 207.6 %
Q3 2017 194.56 58.7 % 24.07 130.1 % 14.23 6209.0 %
Q4 2017 211.75 55.2 % 28.94 1954.9 % 17.22 220.4 %
Q1 2018 177.14 38.4 % 16.80 (7.3 %) 5.62 (27.8 %)
Q2 2018 156.29 (3.6 %) (0.43) (101.9 %) (12.53) (223.9 %)
Q3 2018 126.48 (35.0 %) (11.82) (149.1 %) (23.55) (265.5 %)
Q4 2018 186.29 (12.0 %) (6.61) (122.9 %) (20.96) (221.7 %)
Q1 2019 195.31 10.3 % 12.53 (25.4 %) 2.33 (58.6 %)
Q2 2019 161.85 3.6 % 0.88 306.5 % (11.00) 12.2 %
Q3 2019 157.80 24.8 % 0.13 101.1 % (10.65) 54.8 %
Q4 2019 156.60 (15.9 %) (0.36) 94.6 % (15.50) 26.0 %
Q1 2020 122.34 (37.4 %) 4.49 (64.1 %) (18.03) (874.8 %)
Q2 2020 58.26 (64.0 %) (14.97) (1793.0 %) (29.08) (164.4 %)
Q3 2020 150.32 (4.7 %) 21.46 17071.2 % 12.61 218.4 %
Q4 2020 154.73 (1.2 %) 8.11 2360.2 % (0.01) 100.0 %
Q1 2021 92.08 (24.7 %) 2.35 (47.6 %) (6.15) 65.9 %
Q2 2021 88.48 51.9 % 4.83 132.2 % (5.12) 82.4 %
Q3 2021 83.32 (44.6 %) 7.58 (64.7 %) (1.41) (111.2 %)
Q4 2021 109.62 (29.2 %) 12.57 55.0 % 4.07 81584.0 %
Q1 2022 184.08 99.9 % 28.96 1130.6 % 19.12 411.2 %
Q2 2022 211.82 139.4 % 27.28 465.4 % 17.83 448.2 %
Q3 2022 204.78 145.8 % 30.36 300.4 % 20.33 1539.9 %
Q4 2022 146.94 34.1 % 20.57 63.6 % 9.55 134.5 %
Q1 2023 166.89 (9.3 %) 23.86 (17.6 %) 6.52 (65.9 %)
Q2 2023 361.38 70.6 % 92.58 239.4 % 74.94 320.2 %
Q3 2023 317.47 55.0 % 63.54 109.3 % 47.34 132.8 %
Q4 2023 488.97 232.8 % 103.37 402.6 % 86.21 802.4 %
Q1 2024 514.94 208.5 % 106.83 347.8 % 88.61 1258.2 %
Q2 2024 472.40 30.7 % 105.22 13.7 % 86.86 15.9 %
Q3 2024 380.77 19.9 % 117.92 85.6 % 96.74 104.4 %
Q4 2024 262.08 (46.4 %) 69.62 (32.7 %) 47.98 (44.3 %)
Q1 2025 453.92 (11.8 %) 109.17 2.2 % 75.42 (14.9 %)
Q2 2025 336.40 (28.8 %) 79.53 (24.4 %) 51.77 (40.4 %)
Q3 2025 241.00 (36.7 %) 58.00 (50.8 %) 46.00 (52.4 %)
Q4 2025 381.23 45.5 % 100.44 44.3 % 78.57 63.8 %
Q1 2026 385.31 (15.1 %) 108.75 (0.4 %) 86.83 15.1 %
Q2 2026 306.00 (9.0 %) 73.00 (8.2 %) 47.00 (9.2 %)
Q3 2026 263.00 9.1 % 61.00 5.2 % 46.00 0.0 %


Profit Performance (Million Riyal)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
Q1 2006 - - - - - -
Q2 2006 - - - - - -
Q3 2006 - - - - - -
Q4 2006 - - - - - -
Q1 2007 - - - - - -
Q2 2007 - - - - - -
Q3 2007 - - - - - -
Q4 2007 - - - - - -
Q1 2008 - - - - - -
Q2 2008 - - - - - -
Q3 2008 - - - - - -
Q4 2008 - - - - - -
Q1 2009 33.61 - 0.96 - 33.61 0.96
Q2 2009 35.85 - 1.02 - 35.85 1.02
Q3 2009 30.17 - 0.59 - 30.17 0.59
Q4 2009 13.19 - 0.26 - 13.19 0.26
Q1 2010 20.02 (40.4 %) 0.39 - 20.02 0.39
Q2 2010 25.16 (29.8 %) 0.49 - 25.16 0.49
Q3 2010 6.54 (78.3 %) 0.13 - 6.54 0.13
Q4 2010 21.23 60.9 % 0.42 - 21.23 0.42
Q1 2011 21.01 5.0 % 0.41 - 21.01 0.41
Q2 2011 21.34 (15.2 %) 0.42 - 21.34 0.42
Q3 2011 9.40 43.7 % 0.18 - 9.40 0.18
Q4 2011 13.37 (37.0 %) 0.26 - 13.37 0.26
Q1 2012 18.32 (12.8 %) 0.36 - 18.32 0.36
Q2 2012 12.38 (42.0 %) 0.24 - 12.38 0.24
Q3 2012 8.92 (5.1 %) 0.17 - 8.92 0.17
Q4 2012 14.09 5.4 % 0.28 - 14.09 0.28
Q1 2013 23.11 26.2 % 0.45 - 23.11 0.45
Q2 2013 25.11 102.7 % 0.49 - 25.11 0.49
Q3 2013 16.37 83.5 % 0.32 - 16.37 0.32
Q4 2013 14.86 5.4 % 0.29 - 14.86 0.29
Q1 2014 4.03 (82.6 %) 0.08 - 4.03 0.08
Q2 2014 15.55 (38.1 %) 0.30 - 15.55 0.30
Q3 2014 6.59 (59.7 %) 0.13 - 6.59 0.13
Q4 2014 5.30 (64.3 %) 0.10 - 5.30 0.10
Q1 2015 11.41 183.3 % 0.22 - 11.41 0.22
Q2 2015 23.46 50.8 % 0.46 - 23.46 0.46
Q3 2015 8.02 21.6 % 0.16 (1.02) 9.04 0.18
Q4 2015 (1.30) (124.6 %) (0.03) - (1.30) (0.03)
Q1 2016 8.52 (25.4 %) 0.17 - 8.52 0.17
Q2 2016 3.04 (87.0 %) 0.06 - 3.04 0.06
Q3 2016 5.21 (35.0 %) 0.10 (2.00) 7.21 0.14
Q4 2016 (61.90) (4,650.5 %) (1.21) (43.03) (18.87) (0.37)
Q1 2017 10.21 19.8 % 0.20 - 10.21 0.20
Q2 2017 7.69 152.9 % 0.15 - 7.69 0.15
Q3 2017 (14.46) (377.4 %) (0.28) (23.62) 9.16 0.18
Q4 2017 15.65 125.3 % 0.31 - 15.65 0.31
Q1 2018 (5.04) (149.3 %) (0.10) - (5.04) (0.10)
Q2 2018 (36.83) (578.8 %) (0.72) (21.00) (15.83) (0.31)
Q3 2018 (24.15) (67.0 %) (0.47) - (24.15) (0.47)
Q4 2018 (102.65) (755.8 %) (2.01) (81.99) (20.66) (0.41)
Q1 2019 0.33 106.5 % 0.01 - 0.33 0.01
Q2 2019 (10.17) 72.4 % (0.20) - (10.17) (0.20)
Q3 2019 (14.12) 41.5 % (0.28) - (14.12) (0.28)
Q4 2019 (2.87) 97.2 % (0.06) - (2.87) (0.06)
Q1 2020 (17.77) (5567.7 %) (0.35) - (17.77) (0.35)
Q2 2020 (27.02) (165.8 %) (0.53) - (27.02) (0.53)
Q3 2020 9.58 167.8 % 0.19 - 9.58 0.19
Q4 2020 0.74 125.7 % 0.01 - 0.74 0.01
Q1 2021 (8.48) 52.3 % (0.17) - (8.48) (0.17)
Q2 2021 (8.08) 70.1 % (0.16) - (8.08) (0.16)
Q3 2021 15.92 66.3 % 0.31 19.64 (3.72) (0.07)
Q4 2021 1.57 112.6 % 0.03 - 1.57 0.03
Q1 2022 14.53 271.4 % 0.28 - 14.53 0.28
Q2 2022 11.74 245.4 % 0.23 - 11.74 0.23
Q3 2022 16.79 5.5 % 0.33 - 16.79 0.33
Q4 2022 11.14 609.8 % 0.22 - 11.14 0.22
Q1 2023 6.37 (56.1 %) 0.12 - 6.37 0.12
Q2 2023 84.56 620.1 % 1.66 30.66 53.91 1.06
Q3 2023 24.96 48.6 % 0.49 - 24.96 0.49
Q4 2023 57.16 413.2 % 1.12 - 57.16 1.12
Q1 2024 56.11 780.6 % 1.10 - 56.11 1.10
Q2 2024 51.76 (38.8 %) 1.01 - 51.76 1.01
Q3 2024 50.11 100.8 % 0.98 (16.98) 67.09 1.32
Q4 2024 22.65 (60.4 %) 0.44 - 22.65 0.44
Q1 2025 50.23 (10.5 %) 0.98 3.23 47.01 0.92
Q2 2025 70.83 36.8 % 1.39 53.63 17.20 0.34
Q3 2025 26.00 (48.1 %) 0.51 - 26.00 0.51
Q4 2025 44.19 95.1 % 0.87 - 44.19 0.87
Q1 2026 52.35 4.2 % 1.03 - 52.35 1.03
Q2 2026 30.00 (57.6 %) 0.59 - 30.00 0.59
Q3 2026 27.00 3.8 % 0.53 - 27.00 0.53

Profitability

Period Gross Margin Adjusted EBITDA margin Net Margin Before Unusual Items
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 25.92 % 23.89 % 20.95 %
Q1 2010 23.67 % 21.51 % 18.50 %
Q2 2010 21.38 % 19.23 % 15.81 %
Q3 2010 18.02 % 15.98 % 12.18 %
Q4 2010 18.29 % 16.59 % 12.30 %
Q1 2011 18.11 % 16.61 % 12.26 %
Q2 2011 18.02 % 16.41 % 11.93 %
Q3 2011 17.73 % 16.01 % 11.70 %
Q4 2011 15.81 % 13.97 % 10.35 %
Q1 2012 14.84 % 12.84 % 9.27 %
Q2 2012 13.16 % 11.16 % 7.57 %
Q3 2012 13.14 % 10.99 % 7.37 %
Q4 2012 13.49 % 11.08 % 7.39 %
Q1 2013 13.90 % 11.20 % 7.62 %
Q2 2013 14.86 % 11.98 % 8.59 %
Q3 2013 15.51 % 12.68 % 9.25 %
Q4 2013 15.62 % 12.78 % 9.47 %
Q1 2014 14.08 % 11.55 % 7.40 %
Q2 2014 13.24 % 11.01 % 6.23 %
Q3 2014 11.72 % 9.50 % 4.64 %
Q4 2014 11.35 % 9.10 % 3.67 %
Q1 2015 11.90 % 9.69 % 4.41 %
Q2 2015 12.19 % 10.10 % 5.13 %
Q3 2015 12.82 % 10.81 % 5.79 %
Q4 2015 11.88 % 10.12 % 5.00 %
Q1 2016 12.65 % 10.74 % 4.98 %
Q2 2016 11.66 % 9.63 % 2.88 %
Q3 2016 10.94 % 9.23 % 2.85 %
Q4 2016 8.90 % 7.52 % (0.02 %)
Q1 2017 7.99 % 7.20 % 0.29 %
Q2 2017 8.98 % 8.23 % 1.14 %
Q3 2017 10.13 % 9.54 % 1.32 %
Q4 2017 13.42 % 13.14 % 6.13 %
Q1 2018 12.36 % 12.33 % 3.68 %
Q2 2018 9.38 % 9.68 % 0.53 %
Q3 2018 4.98 % 5.28 % (4.37 %)
Q4 2018 (0.32 %) (0.60 %) (10.16 %)
Q1 2019 (0.95 %) (1.21 %) (9.08 %)
Q2 2019 (0.75 %) (1.12 %) (8.16 %)
Q3 2019 0.99 % 0.71 % (6.36 %)
Q4 2019 1.96 % 1.48 % (3.99 %)
Q1 2020 0.86 % (1.76 %) (7.50 %)
Q2 2020 (2.16 %) (5.78 %) (12.48 %)
Q3 2020 2.18 % (1.06 %) (7.81 %)
Q4 2020 3.93 % 2.15 % (7.10 %)
Q1 2021 3.73 % 4.92 % (5.53 %)
Q2 2021 7.57 % 9.59 % (1.29 %)
Q3 2021 5.46 % 7.78 % (4.67 %)
Q4 2021 7.32 % 9.87 % (5.01 %)
Q1 2022 11.59 % 13.24 % 0.92 %
Q2 2022 12.97 % 14.24 % 4.10 %
Q3 2022 13.96 % 14.80 % 6.28 %
Q4 2022 14.33 % 14.63 % 7.25 %
Q1 2023 13.97 % 13.19 % 6.30 %
Q2 2023 19.02 % 17.69 % 10.02 %
Q3 2023 20.20 % 19.00 % 9.71 %
Q4 2023 21.23 % 20.33 % 10.67 %
Q1 2024 21.77 % 21.35 % 11.42 %
Q2 2024 21.13 % 20.95 % 10.59 %
Q3 2024 23.33 % 23.08 % 12.50 %
Q4 2024 24.51 % 24.50 % 12.12 %
Q1 2025 25.61 % 24.88 % 12.01 %
Q2 2025 26.25 % 25.03 % 10.74 %
Q3 2025 24.46 % 23.88 % 8.72 %
Q4 2025 24.58 % 23.70 % 9.51 %
2025 24.52 % 23.11 % 9.54 %
Q1 2026 25.80 % 25.78 % 10.40 %
Q2 2026 25.90 % 26.04 % 11.61 %
Q3 2026 25.70 % - 11.50 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
Q1 2006 - - - -
Q2 2006 - - - -
Q3 2006 - - - -
Q4 2006 - - - -
Q1 2007 - - - -
Q2 2007 - - - -
Q3 2007 - - - -
Q4 2007 - - - -
Q1 2008 - - - -
Q2 2008 - - - -
Q3 2008 - - - -
Q4 2008 - - - -
Q1 2009 35.00 - - 13.16
Q2 2009 35.00 - - 14.04
Q3 2009 51.00 - - 17.29
Q4 2009 51.00 2.21 2.21 17.55
Q1 2010 51.00 1.95 1.95 15.88
Q2 2010 51.00 1.74 1.74 16.33
Q3 2010 51.00 1.27 1.27 15.92
Q4 2010 51.00 1.43 1.43 16.31
Q1 2011 51.00 1.45 1.45 15.67
Q2 2011 51.00 1.37 1.37 16.03
Q3 2011 51.00 1.43 1.43 15.43
Q4 2011 51.00 1.28 1.28 15.55
Q1 2012 51.00 1.22 1.22 15.04
Q2 2012 51.00 1.05 1.05 15.24
Q3 2012 51.00 1.04 1.04 15.38
Q4 2012 51.00 1.05 1.05 15.56
Q1 2013 51.00 1.15 1.15 15.95
Q2 2013 51.00 1.40 1.40 15.66
Q3 2013 51.00 1.54 1.54 15.19
Q4 2013 51.00 1.56 1.56 15.39
Q1 2014 51.00 1.18 1.18 15.41
Q2 2014 51.00 1.00 1.00 15.66
Q3 2014 51.00 0.80 0.80 15.75
Q4 2014 51.00 0.62 0.62 15.75
Q1 2015 51.00 0.76 0.76 15.93
Q2 2015 51.00 0.92 0.92 15.82
Q3 2015 51.00 0.94 0.96 15.44
Q4 2015 51.00 0.82 0.84 15.23
Q1 2016 51.00 0.76 0.78 15.38
Q2 2016 51.00 0.36 0.38 15.47
Q3 2016 51.00 0.30 0.34 15.56
Q4 2016 51.00 (0.88) 0.00 13.95
Q1 2017 51.00 (0.85) 0.03 14.16
Q2 2017 51.00 (0.76) 0.12 14.31
Q3 2017 51.00 (1.15) 0.16 14.02
Q4 2017 51.00 0.37 0.84 14.31
Q1 2018 51.00 0.08 0.54 14.20
Q2 2018 51.00 (0.80) 0.08 13.48
Q3 2018 51.00 (0.99) (0.58) 13.01
Q4 2018 51.00 (3.31) (1.29) 10.97
Q1 2019 51.00 (3.20) (1.18) 10.98
Q2 2019 51.00 (2.68) (1.07) 10.78
Q3 2019 51.00 (2.48) (0.87) 10.50
Q4 2019 51.00 (0.53) (0.53) 10.35
Q1 2020 51.00 (0.88) (0.88) 10.01
Q2 2020 51.00 (1.21) (1.21) 9.48
Q3 2020 51.00 (0.75) (0.75) 9.69
Q4 2020 51.00 (0.68) (0.68) 9.67
Q1 2021 51.00 (0.49) (0.49) 9.50
Q2 2021 51.00 (0.12) (0.12) 9.35
Q3 2021 51.00 0.00 (0.38) 9.66
Q4 2021 51.00 0.02 (0.37) 9.71
Q1 2022 51.00 0.47 0.08 9.99
Q2 2022 51.00 0.86 0.47 10.23
Q3 2022 51.00 0.88 0.88 10.55
Q4 2022 51.00 1.06 1.06 10.79
Q1 2023 51.00 0.90 0.90 10.92
Q2 2023 51.00 2.33 1.73 12.58
Q3 2023 51.00 2.49 1.89 13.07
Q4 2023 51.00 3.39 2.79 14.15
Q1 2024 51.00 4.37 3.77 15.25
Q2 2024 51.00 3.73 3.73 15.53
Q3 2024 51.00 4.22 4.55 16.52
Q4 2024 51.00 3.54 3.87 16.91
Q1 2025 51.00 3.43 3.70 17.90
Q2 2025 51.00 3.80 3.02 15.37
Q3 2025 51.00 3.33 2.21 15.89
Q4 2025 51.00 3.75 2.64 16.72
Q1 2026 51.00 3.79 2.74 17.75
Q2 2026 51.00 2.99 2.99 17.59
Q3 2026 51.00 3.01 3.01 18.12

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - 1.80
Q4 2009 15.41 15.41 1.94
Q1 2010 16.96 16.96 2.08
Q2 2010 15.61 15.61 1.66
Q3 2010 19.09 19.09 1.53
Q4 2010 16.85 16.85 1.48
Q1 2011 16.10 16.10 1.49
Q2 2011 19.35 19.35 1.66
Q3 2011 16.49 16.49 1.53
Q4 2011 22.87 22.87 1.88
Q1 2012 23.04 23.04 1.87
Q2 2012 20.84 20.84 1.43
Q3 2012 23.10 23.10 1.56
Q4 2012 24.02 24.02 1.63
Q1 2013 22.49 22.49 1.62
Q2 2013 18.54 18.54 1.65
Q3 2013 19.45 19.45 1.97
Q4 2013 22.79 22.79 2.31
Q1 2014 31.68 31.68 2.43
Q2 2014 33.82 33.82 2.15
Q3 2014 47.24 47.24 2.41
Q4 2014 38.95 38.95 1.53
Q1 2015 37.18 37.18 1.78
Q2 2015 31.20 31.20 1.81
Q3 2015 22.33 21.87 1.37
Q4 2015 26.67 26.03 1.43
Q1 2016 23.24 22.64 1.15
Q2 2016 50.51 47.84 1.17
Q3 2016 44.18 39.13 0.86
Q4 2016 NEG NEG 1.37
Q1 2017 NEG More than 100 1.19
Q2 2017 NEG More than 100 1.08
Q3 2017 NEG More than 100 1.21
Q4 2017 42.98 19.21 1.12
Q1 2018 More than 100 40.66 1.54
Q2 2018 NEG More than 100 1.47
Q3 2018 NEG NEG 1.68
Q4 2018 NEG NEG 1.65
Q1 2019 NEG NEG 2.17
Q2 2019 NEG NEG 2.04
Q3 2019 NEG NEG 2.02
Q4 2019 NEG NEG 2.00
Q1 2020 NEG NEG 1.45
Q2 2020 NEG NEG 1.76
Q3 2020 NEG NEG 2.40
Q4 2020 NEG NEG 2.88
Q1 2021 NEG NEG 3.18
Q2 2021 NEG NEG 3.47
Q3 2021 More than 100 NEG 3.06
Q4 2021 More than 100 NEG 2.60
Q1 2022 53.79 More than 100 2.53
Q2 2022 23.68 42.97 1.99
Q3 2022 23.77 23.77 1.97
Q4 2022 16.84 16.84 1.66
Q1 2023 23.37 23.37 1.93
Q2 2023 11.48 15.47 2.13
Q3 2023 14.15 18.65 2.70
Q4 2023 10.60 12.88 2.56
Q1 2024 15.64 18.13 4.48
Q2 2024 17.50 17.50 4.20
Q3 2024 16.95 15.71 4.33
Q4 2024 18.22 16.65 3.85
Q1 2025 17.92 16.61 3.43
Q2 2025 14.74 18.55 3.64
Q3 2025 16.02 24.09 3.36
Q4 2025 9.83 13.98 2.22
Q1 2026 11.63 16.10 2.48
Q2 2026 16.87 16.87 2.87
Q3 2026 17.52 17.52 2.91

Business Segments (Million Riyal)

Compared With The
Period Steele Pipes Process equipment
Q1 2016 189.38 4.96
Q2 2016 142.38 8.96
Q3 2016 108.37 14.24
Q4 2016 117.56 18.91
Q1 2017 112.31 15.70
Q2 2017 147.84 14.26
Q3 2017 166.54 28.03
Q4 2017 190.06 21.69
Q1 2018 164.97 12.17
Q2 2018 143.73 12.56
Q3 2018 112.50 13.98
Q4 2018 166.54 19.76
Q1 2019 176.76 18.56
Q2 2019 138.74 23.10
Q3 2019 127.23 30.57
Q4 2019 139.82 16.77
Q1 2020 111.60 10.74
Q2 2020 58.26 14.37
Q3 2020 150.31 6.23
Q4 2020 154.73 2.26
Q1 2021 92.08 2.62

Analysts Estimates (Million Riyal)

Item Profit (Expected) Profit (Actual) Change
Average 26.90 27.00

Estimates vs Actual (Million Riyal)

Item Profit (Expected) Profit (Actual) Change‬
SNB Capital 26.90 27.00

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