Molan Steel says unable to post Q4 2025 financials

Molan Steel Co. stated that it was unable to publish its annual consolidated financial results and the board of directors’ report for 2025 within the prescribed deadline, according to Tadawul website.

This was due to the incomplete audit work to date, as a result of the material developments related to the signing of the final settlement agreement announced on March 30, 2026. This agreement necessitated the completion of the study and treatment of the company's financial and accounting effects on the annual financial statements.

The steel producer also cited the continued work to determine the value of the acquired company and its implications for disclosure in the financial statements, which prevented the completion of the audit work and the approval of the results.

Molan Steel is working to finalize the financial statements with the external auditor and publish them immediately after approval.

Accordingly, the stock will be suspended from trading under the listing rules.

The company will announce any developments related to its inability to publish the financial results on a monthly basis.