Al Yamamah Steel Industries Company delivered a strong financial performance in the first quarter of the 2025–2026 fiscal year. The company reported that its net profit rose by 719% year on year to SAR 37.61 million, compared with SAR 4.59 million in the same period of the previous fiscal year.
On a quarterly basis, the company’s profit increased by 111.6% compared with SAR 17.77 million recorded in the final quarter of the 2024–2025 fiscal year.
The company’s revenues rose by 2.84% year on year to SAR 498.2 million, compared with SAR 484.44 million in the corresponding period of the previous fiscal year.
Al Yamamah Steel Industries Company attributed the strong increase in profit to higher sales volumes in the electricity and renewable energy sectors, as well as lower sales costs in these segments. The company noted that the robust growth in both sales volume and value in the renewable energy segment played a key role in the results. During the period, sales in the electricity sector rose by 34.27%, while sales in the renewable energy sector increased by 77.94%. Meanwhile, sales costs declined by 13.32% and 9.05%, respectively.
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