Zoujaj profit jumps 73% to SAR 66.1M in H1 2026; Q2 at SAR 33.4M

02/08/2026 Argaam Exclusive

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The National Company for Glass Industries (Zoujaj) reported a net profit of SAR 66.1 million in H1 2026, a rise of 73.5% from SAR 38.1 million in the year-earlier period.
 


Financials (Million Riyal)

Item 6m 2025 6m 2026 Change‬
Revenues 65.34 71.82 9.9 %
Gross Income 12.33 13.49 9.4 %
Operating Income 1.63 (2.04) (224.7 %)
Net Income 38.11 66.09 73.4 %
Average Shares 32.90 32.90 -
Earnings Per Share before unusual items (Riyals) 1.16 2.01 73.4 %
EPS (Riyal) 1.16 2.01 73.4 %

The profit rise was attributed to higher sales revenue, driven by stronger export sales, as well as an increase in the company’s share of profits from associates, particularly Guardian Zoujaj International Float Glass (Guardian RAK), whose operations returned to normal after a maintenance shutdown between February and April 2025.

 

The second-quarter net earnings also surged 67% to SAR 33.4 million from SAR 20 million in Q2 2025, driven by higher export sales and a stronger contribution from associates, particularly Guardian RAK.

 

The glass manufacturer’s Q2 2026 net profit inched up 2.1% from SAR 32.7 million in Q1 2026.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q2 2025 Q2 2026 Change‬
Revenues 31.06 34.15 9.9 %
Gross Income 5.01 5.31 6.0 %
Operating Income (0.28) (3.09) (988.3 %)
Net Income 20.01 33.37 66.8 %
Average Shares 32.90 32.90 -
Earnings Per Share before unusual items (Riyal) 0.61 1.01 66.8 %
EPS (Riyal) 0.61 1.01 66.8 %

Total shareholders' equity, no minority interest, reached SAR 863 million as of June 30, 2026, up from SAR 792.4 million a year earlier.

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Share Price

The National Company for Glass Industries
36.94
(0.24) (0.65 %)

The National Company for Glass Industries (ZOUJAJ)

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Financial Ratios
Current
Market Cap (M Riyal) 1,215.33
Enterprise Value (EV) (M Riyal) 1,247.45
Shares Outstanding ((M)) 32.90
Recurring EPS ( Riyal) (TTM) 3.39
Book Value (BV) ( Riyal) 26.23
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 10.89
P/E (TTM) 10.89
Price/book 1.41
Dividend Yield (%) (Last Year) 3.38
Return on Average Assets (%) (TTM) 12.2
Return on Average Equity (%) (TTM) 13.5
EV/adj EBITDA 57.52
EV/Revenues 9.24
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