Arabian Pipes Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	194.57	248.93	-21.837	137.42	41.587
Gross Profit (Loss)	36.89	63.66	-42.051	26.37	39.893
Operational Profit (Loss)	25.26	50.79	-50.265	15.11	67.174
Net Profit (Loss) Attributable to Shareholders of the Issuer	20.12	40.17	-49.912	8.1	148.395
Total Comprehensive Income Attributable to Shareholders of the Issuer	20.12	40.17	-49.912	8.1	148.395
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	508.24	441.49	15.119
Profit (Loss) per Share	0.1	0.2
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The company recorded revenues amounting SAR 194.57 million in Q1 2026, compared to SAR 248.93 million in Q1 2025 equivalent to a decrease of 21.84%. This is primarily attributed to a decrease in sales, changes in the sales mix and supply schedules for customers.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The company recorded a net profit of SAR 20.12 million in Q1 2026, compared to a net profit of SAR 40.17 million in Q1 2025 equivalent to a decrease of 49.91%. This was mainly due to a 42% decline in gross profit as a result of decrease in sales, changes in the sales mix and supply schedule for customers.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The company recorded revenues amounting SAR 194.57 million in Q1 2026, compared to SAR 137.42 million in the previous quarter representing an increase of 41.59%. This is due to the increase in sales, improvement in the sales mix and supply schedules.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The company recorded a net profit of SAR 20.12 million in Q1 2026 compared to SAR 8.10 million in the previous quarter, representing an increase of 148.40%. This was mainly due to a 39.89% increase in gross profit, This is due to the increase in sales, improvement in the sales mix and changes in supply schedules.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	Nothing
Reclassification of Comparison Items	Nothing
Additional Information	Attachment
Attached Documents

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