Markets News

Riyadh Cables profit up 10% at SAR 282M in Q1 2026

Riyadh Cables Group Co. reported a net profit of SAR 282 million in Q1 2026, an increase of 10% year-on- year (YoY) from SAR 256.2 million, on an increase in sales revenue coupled with enhanced product mix.

Current Quarter Comparison (M)

Item Q1 2025 Q1 2026 Change‬
Revenues 2,489.05 2,767.67 11.20%
Gross Income 426.81 430.54 0.90%
Operating Income 292.94 327.34 11.70%
Net Income 256.18 281.97 10.10%
Average Shares 150 150 -
Earnings Per Share before unusual items (Riyal) 1.71 1.88 10.10%
EPS (Riyal) 1.71 1.88 10.10%
 

On a quarterly basis, net earnings grew 7% from SAR 263.4 million in Q4 2025.


 Total shareholders’ equity, after minority interest, reached SAR 3.5 billion as of March 31, 2026, compared to SAR 2.8 billion a year earlier.