Al Hassan Ghazi Ibrahim Shaker Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

Gross Profit:

Gross profit declined by 5.25% YoY to SAR 95.35 million due to lower contribution from higher-margin HVAC project business and a relatively higher contribution from consumer-driven Home Appliances sales.

Operating Profit:

Operating profit decreased by 10.82% YoY to SAR 22.36 million, due to lower gross profit, partially offset by continued cost discipline across operating expenses.

Net Profit:

The decline in net profit was primarily driven by lower operating income, along with higher finance-related costs during the period.

Accordingly, earnings per share (EPS) decreased to SAR 0.36 compared to SAR 0.40 in Q1 2025.

Gross Profit:

Gross profit increased by 40.05% QoQ to SAR 95.35 million, in line with revenue growth.

Operating Profit:

Operating profit remained broadly stable, increasing by 0.77% QoQ, as higher gross profit was offset by higher operating expenses.

Net Profit:

The increase in net profit was driven by higher revenue and improved gross profitability during the quarter.