Al-Yamama Steel's Q2 profit rises 304

Al Yamama Steel Industries Company (Al Yamama Steel) achieved a significant increase in its profits during the second quarter of 2026. Its net profits rose by 303.9% year-on-year, reaching approximately 62.09 million SAR compared to 15.37 million SAR in the same period of the previous year. This growth is mainly attributable to an increase in both volume and value of sales in the electricity sector, which grew by 51.28% and 44.18%, respectively, as well as a 9.37% increase in sales in the construction sector. Additionally, sales costs in both sectors decreased by 11.50% and 5.25%, and higher selling prices in the construction sector contributed to an 11.94% increase. Revenues rose by 14.66%, reaching 547.46 million SAR, reflecting increased sales. During the first half of 2026, the company recorded a profit of approximately 148.18 million SAR, an increase of 253.55%, driven by sales in the electricity sector, which increased by 43.88% and 40.92%, respectively, alongside a decrease in sales costs in both sectors.

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