What was Al Yamamah Steel's net profit for H1 2026?

Net profit reached SAR 86.092 million, up 224% from the same period last year.

What drove Al Yamamah Steel's profit growth?

The growth was mainly driven by higher sales in the electricity and renewable energy sectors, along with an 11.63% reduction in cost of sales in the electricity sector.

What was Al Yamamah Steel's EPS for H1 2026?

EPS was SAR 1.69, compared to SAR 0.52 in the same period last year.

Did Al Yamamah Steel provide any future guidance?

The company did not provide any forward guidance in its statement.

Al Yamamah Steel Net Profit Surges 224% in H1 2026

Al Yamamah Steel Industries Co. (1304) announced its H1 2026 financial results, with net profit soaring 224% YoY to SAR 86.09 million, supported by robust sales growth in the electricity and renewable energy sectors.

Al Yamamah Steel Industries Co. (1304) reported its interim financial results for the six months ended March 31, 2026, with net profit surging 224.385% YoY to SAR 86.092 million. The strong performance was driven by significant growth in the electricity and renewable energy sectors.

Key Financial Results

Item	H1 2026	H1 2025	Change (%)
Revenue	SAR 1,024.078M	SAR 997.18M (est.)	+2.698%
Net Profit	SAR 86.092M	SAR 26.55M (est.)	+224.385%
EPS	SAR 1.69	SAR 0.52	+225%

Highlights from the Statement

Sales Growth: Revenue increased 2.698% YoY to SAR 1.024 billion, driven by strong growth in electricity (quantity +39.89%, value +39.07%) and renewable energy (quantity +20.67%, value +19.48%) sectors.
Cost Reduction: Cost of sales in the electricity sector decreased by 11.63%, boosting profitability.
Earnings Per Share: EPS improved significantly from SAR 0.52 to SAR 1.69.
Shareholders' Equity: Total equity reached SAR 707.917 million, up 19.941% from the prior year.
Auditor's Opinion: Unmodified opinion with no qualifications.

Guidance

The company did not provide any specific forward guidance in its statement.

Impact on the Stock

The strong earnings beat is likely to positively impact Al Yamamah Steel's stock (1304), given the substantial profit growth and improved EPS. However, no immediate stock price reaction was reported.

What This Means for Investors

The results demonstrate the company's ability to capitalize on growth in the electricity and renewable energy sectors while improving operational efficiency. The stock may appeal to investors seeking exposure to Saudi Arabia's energy sector, though sustainability of growth should be monitored.