Amiantit loses SAR 123M in H1 2026, SAR 68.1M in Q2

06/08/2026 Argaam Exclusive

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Saudi Arabian Amiantit Co. reported a net loss of SAR 123 million for the first half of 2026, compared to SAR 9.6 million in the same period of 2025.



Financials (Million Riyal)

Item 6m 2025 6m 2026 Change‬
Revenues 351.00 169.74 (51.6 %)
Gross Income 17.28 (23.18) (234.1 %)
Operating Income (23.91) (77.87) (225.6 %)
Net Income (9.62) (122.96) (1,178.4 %)
Average Shares 44.55 44.55 -
Earnings Per Share before unusual items (Riyals) (0.68) (2.76) (307.6 %)
EPS (Riyal) (0.22) (2.76) (1,178.4 %)

The company attributed the wider losses in H1 2026 to lower sales due to weaker demand following delays in certain projects. This is besides disruptions to product deliveries and raw material imports caused by regional supply chain and logistics challenges.

 

The company noted that these delayed projects could have a positive impact on sales in future periods.

 

It also cited higher raw material prices resulting from supply chain disruptions linked to geopolitical developments, along with losses from investments in foreign companies.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q2 2025 Q2 2026 Change‬
Revenues 168.24 73.87 (56.1 %)
Gross Income 4.08 (13.06) (420.5 %)
Operating Income (17.15) (43.84) (155.7 %)
Net Income (20.28) (68.13) (236.0 %)
Average Shares 44.55 44.55 -
Earnings Per Share before unusual items (Riyal) (0.46) (1.53) (236.0 %)
EPS (Riyal) (0.46) (1.53) (236.0 %)

Amiantit posted a net loss of SAR 68.1 million in Q2 2026, compared with SAR 20.28 million in Q2 2025, mainly due to weak sales and higher raw material prices.

 

It had recorded a net loss of SAR 54.83 million in Q1 2026.

 

Shareholders' equity, excluding minority interest, stood at SAR 724.945 million at the end of H1 2026, compared to SAR 913.305 million a year earlier.

View More Financial Results

 

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Share Price

Saudi Arabian Amiantit Co.
12.62
(0.17) (1.33 %)

Saudi Arabian Amiantit Co. (AMIANTIT)

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Financial Ratios
Current
Market Cap (M Riyal) 562.22
Enterprise Value (EV) (M Riyal) 776.55
Shares Outstanding ((M)) 44.55
Recurring EPS ( Riyal) (TTM) (4.53)
Book Value (BV) ( Riyal) 16.27
Par Value ( Riyal) 10.00
Recurring P/E (TTM) Neg
P/E (TTM) NEG
Price/book 0.78
Dividend Yield (%) (Last Year) -
Return on Average Assets (%) (TTM) (9.81 )
Return on Average Equity (%) (TTM) (23.37 )
EV/Revenues 1.52
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