United Arab Emirates · Delayed Price · Currency is AED R.A.K. Ceramics P.J.S.C. Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew in the U.A.E. but declined overall in 2024 due to geopolitical and supply chain challenges. Margins improved through product mix and efficiency, while CapEx and dividends remain robust. Management expects continued strength in the U.A.E. and Saudi Arabia in 2025.
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Q2 2026 saw resilient revenue and margin performance, driven by strong demand in the U.A.E., Saudi Arabia, and Bangladesh, despite regional disruptions. Tiles led growth, while Tableware and Sanitaryware faced headwinds. CapEx and dividend guidance remain on track.
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Q1 2026 saw resilient performance despite revenue declining 2% year-on-year to AED 760.7 million, with net profit down 31.8% to AED 58.2 million. Operational agility, cost control, and market share gains in the U.A.E. offset regional disruptions and higher costs.
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Revenue and profit declined year-on-year due to geopolitical and supply chain challenges, but gross margins improved to record levels, driven by product mix and pricing discipline. UAE market remained resilient, while other regions faced headwinds. CapEx guidance was raised, and strategic investments continue.
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Revenue and profit declined year-on-year due to geopolitical tensions, logistics challenges, and market slowdowns, but gross margins improved and the U.A.E. remains a key growth driver. Saudi customs duty relief and production upgrades are expected to support future margins and volumes.
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Revenue was stable in Q1 2025, with strong U.A.E. performance offset by declines in Europe and Bangladesh. Margins improved in Tiles and Sanitaryware, but net profit fell due to KLUDI transformation and higher taxes. CapEx and strategic investments continue to support growth.
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Profit before tax rose 19.9% year-over-year to AED 331.8 million in 2025, with net profit after tax up 6.2% to AED 248.5 million, driven by strong U.A.E. performance and margin expansion. CapEx for 2026 is guided at AED 500 million, with continued focus on operational efficiency and market leadership.
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Revenue and net profit grew year-on-year, led by strong U.A.E. demand and margin improvements. CapEx was focused on plant upgrades, with stable liquidity and a positive outlook for the U.A.E. market. Competition and higher taxes remain key risks.