Riyadh – Mubasher: Arabian Pipes Company logged 73.89% year-on-year (YoY) lower net profits after tax at SAR 8.99 million in the second quarter (Q2) of 2026, compared to SAR 34.43 million.
The company attributed the downturn to geopolitical events and supply chain disruptions that inflated shipping costs and impacted the sales mix.
Quarterly revenue decreased by 37.17% to SAR 159.84 million, versus SAR 254.42 million in the same period of 2025.
Operating profit for the three-month period ended on 30 June 2026 reached SAR 12.52 million, down 72.75% from SAR 45.95 million a year earlier.
For the first half (H1) of 2026, net profit fell by 60.98% to SAR 29.11 million, while total revenue reached SAR 354.41 million.
Despite the lower earnings, the company noted a reduction in financial costs, which dropped to SAR 5.63 million from SAR 20.50 million in the prior-year period. Total shareholders' equity rose by 6.57% to SAR 483.23 million.
The company recently completed a SAR 34 million cash dividend distribution for 2025 on 12 July 2026.
Additionally, the board has recommended a capital increase from SAR 200 million to SAR 252 million through the capitalization of SAR 52 million from retained earnings, pending shareholder approval on 24 August 2026.
