Riyadh — Mubasher: Riyadh Steel Company announced a 145.76% surge in net profit to SAR 6.03 million during the first half (H1) of 2025 compared to SAR 2.45 million in H1-25, according to a bourse disclosure.
The company attributed the bottom-line growth to improved selling prices and a reduction in raw material expenses, which bolstered margins during H1-26.
The profit growth came despite a 15% decline in total revenues, which fell to SAR 70.06 million in January-June 2026 from SAR 82.42 million a year earlier.
Riyadh Steel noted that the decrease in turnover was primarily driven by lower quantities of goods sold during H1-26.
Earnings per share (EPS) rose to SAR 0.09 in H1-26 from SAR 0.04 in the prior-year period.
Total shareholders' equity increased by 6.39% to SAR 85.45 million in H1-26, compared to SAR 80.31 million as of 30 June 2025.
It is worth noting that Riyadh Steel’s external auditor issued an unmodified opinion on the financial statements, and no accumulated losses were reported.
