Alujain Corporation turns profitable in Q1-26, generates higher revenues

ALUJAIN
2170 -6.53% 29.20 -2.04 2P
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Riyadh - Mubaher: Alujain Corporation turned profitable at SAR 12.17 million in the first quarter (Q1) of 2026, against net losses attributable to the shareholders at SAR 17.23 million in Q1-25.

The revenues hiked by 36.55% year-on-year (YoY) to SAR 365.49 million as of 31 March 2026, versus SAR 267.66 million, according to the interim financial results.

The earnings per share (EPS) stood at SAR 0.18 in Q1-26, compared to a loss per share of SAR 0.25 a year earlier.

On a quarterly basis, the company shifted to net profits in Q1-26 against net losses totaling SAR 845.44 million in Q4-25, whereas the revenues climbed by 11.82% from SAR 326.84 million.

CEO of Alujain Corporation, Khalid Mohammed Aldawood, commented: “Our first quarter results reflect a strong start to the year, underpinned by robust demand across our core product segments and improved netbacks (particularly for the month of March) and disciplined cost management.”

He added: “The 37% revenue growth was primarily driven by higher polypropylene and polypropylene specialties sales. Importantly, this top-line performance translated into a meaningful improvement in profitability, supported by continued optimization of our fixed and variable operational costs.”

Alujain Corporation incurred net losses valued at SAR 833.85 million in 2025, which marked an annual hike of 1,544% from SAR 50.70 million.

Source: Mubasher Source: {{details.article.source}}