Saudi Arabia’s Alshehili Company for Metal Industries reported a 37.3pct YoY decline in revenue to SAR 21.1 mln (USD 5.6 mln) in the six months to June 30, 2026, while net profit fell 56.7pct to SAR 2.33 mln (USD 620,000).
The company attributed the weaker revenue to higher shipping and transportation costs, changes in trade activity and slower expansion in some markets and sectors. Customer conditions also led to postponed purchasing and expansion decisions and delays in orders, affecting sales volumes and timing during the period.
The decline in revenue reduced gross profit, while lower other income and higher zakat expenses further weighed on net profit. These effects were partly offset by lower general and administrative expenses and finance costs.
The company said it is focusing on operational efficiency, cost and supply-chain management and adapting to changes in demand as it seeks to stabilize business activity and improve performance.
Alshehili Metal Industries is a Saudi Arabian downstream manufacturer based in Riyadh, specializing in heavy-duty logistics vehicles, refrigerated cargo solutions, mobile units and defense equipment. Established in 1981 and listed on the Saudi Exchange, its operations are centered at a 65,000 square meter heavy-fabrication facility in Riyadh, supported by more than 500 engineering and technical professionals and equipment for large-scale vehicle and metal fabrication.
1 USD / 3.75 SAR