Al Yamamah Steel Industries Co. generated a net profit of SAR 37.6 million in the first quarter ended Dec. 31, 2025, compared with SAR 4.6 million a year earlier.
| Item | Q1 2025 | Q1 2026 | Change |
|---|---|---|---|
| Revenues | 484.44 | 498.21 | 2.8 % |
| Gross Income | 39.15 | 76.63 | 95.7 % |
| Operating Income | 18.69 | 54.02 | 189.0 % |
| Net Income | 4.59 | 37.61 | 719.0 % |
| Average Shares | 50.80 | 50.80 | - |
| Earnings Per Share before unusual items (Riyal) | 0.09 | 0.74 | 719.0 % |
| EPS (Riyal) | 0.09 | 0.74 | 719.0 % |
| Item | Q4 2025 | Q1 2026 | Change |
|---|---|---|---|
| Revenues | 403.96 | 498.21 | 23.3 % |
| Gross Income | 52.09 | 76.63 | 47.1 % |
| Operating Income | 32.69 | 54.02 | 65.2 % |
| Net Income | 17.78 | 37.61 | 111.6 % |
| Average Shares | 50.80 | 50.80 | - |
| Earnings Per Share before unusual items (Riyal) | 0.35 | 0.74 | 111.6 % |
| EPS (Riyal) | 0.35 | 0.74 | 111.6 % |
The company said the higher first-quarter profit was driven by a 2.84% year-on-year (YoY) sales hike, aided by a 77.94% increase in sales volumes and an 85.64% rise in sales value in the renewable energy segment, alongside gains of 34.27% in sales volumes and 36.56% in sales value in the power segment.
Al Yamamah Steel also cited a decline in the first-quarter cost of sales, which fell by 13.32% in the power segment and 9.05% in renewable energy.
Compared to the previous quarter, the Saudi steel producer’s three-month bottomline spiked by 111.6% from SAR 17.78 million. This was attributed a 23.41% sequential rise in sales, driven by a sharp expansion in the renewable energy segment, where sales volumes and values surged 400.34% and 558.66%, respectively, on a quarterly basis.
Shareholders’ equity, excluding minority interest, stood at SAR 659.43 million as of Dec. 31, 2025, compared with SAR 593.67 million a year earlier.
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