Riyadh – Mubasher: Saudi Ceramic Company (Saudi Ceramics) registered a 49.13% decrease in net profit to SAR 71.41 million during the first nine months (9M) of 2026 from SAR 140.38 million in 9M-25, according to a bourse filing.
The annual decline in 9M-26 net income was primarily due to the inclusion of a non-recurring SAR 120 million insurance settlement in the prior year's results.
Excluding non-recurring items, Saudi Ceramics stated that nine-month net profit would have shown an underlying increase of SAR 58.90 million.
Total shareholders' equity stood at SAR 1.57 billion as of 30 September 2026, while earnings per share (EPS) for the period reached SAR 0.72.
In the third quarter (Q3) of 2026, Saudi Ceramics delivered a net profit of SAR 28.75 million, representing a 344.56% surge when compared to SAR 6.47 million in Q3-25.
The company attributed the Q3-26 net income growth to a 16.40% rise in quarterly revenue, which reached SAR 414.09 million on the support of higher sales volumes for tiles and increased average selling prices for porcelain and water heaters.
Operating profit for increased by 75.49% to SAR 41.38 million in Q3-26.
Saudi Ceramics noted that gross profit margins improved to 32% from 28.4% a year earlier, aided by enhanced production line efficiency and cost-optimization initiatives.
Local sales grew by SAR 49M, while export sales increased by SAR 9 million.
