Reported Earnings • May 21
First quarter 2026 earnings released: EPS: ر.س0.28 (vs ر.س0.36 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.28 (down from ر.س0.36 in 1Q 2025). Revenue: ر.س18.9m (up 3.5% from 1Q 2025). Net income: ر.س811.2k (down 22% from 1Q 2025). Profit margin: 4.3% (down from 5.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س71.90, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 15x in the Basic Materials industry in Saudi Arabia. Total returns to shareholders of 19% over the past three years. Reported Earnings • Apr 06
Full year 2025 earnings released: EPS: ر.س2.60 (vs ر.س0.93 in FY 2024) Full year 2025 results: EPS: ر.س2.60 (up from ر.س0.93 in FY 2024). Revenue: ر.س80.9m (up 14% from FY 2024). Net income: ر.س7.53m (up 180% from FY 2024). Profit margin: 9.3% (up from 3.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ر.س54.75, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 15x in the Basic Materials industry in Saudi Arabia. Total loss to shareholders of 3.6% over the past three years. New Risk • Mar 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 36% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (ر.س117.7m market cap, or US$31.4m). Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س35.38, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 16x in the Basic Materials industry in Saudi Arabia. Total loss to shareholders of 44% over the past three years. New Risk • Dec 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 6.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.9% average weekly change). Earnings have declined by 36% per year over the past 5 years. Minor Risk Market cap is less than US$100m (ر.س133.0m market cap, or US$35.5m). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ر.س45.70, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 18x in the Basic Materials industry in Saudi Arabia. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س46.28, the stock trades at a trailing P/E ratio of 49.9x. Average trailing P/E is 18x in the Basic Materials industry in Saudi Arabia. Total loss to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س44.08, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 18x in the Basic Materials industry in Saudi Arabia. Total loss to shareholders of 50% over the past three years. Duyuru • May 28
Mohammed Hasan AlNaqool Sons Co., Annual General Meeting, Jun 19, 2025 Mohammed Hasan AlNaqool Sons Co., Annual General Meeting, Jun 19, 2025, at 19:00 Arab Standard Time. Location: dammam Saudi Arabia New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (ر.س100.3m market cap, or US$26.8m). New Risk • Apr 16
New major risk - Revenue and earnings growth Earnings have declined by 37% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risk Market cap is less than US$100m (ر.س116.0m market cap, or US$30.9m). New Risk • Apr 15
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risk Market cap is less than US$100m (ر.س116.0m market cap, or US$30.9m). New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 7.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (7.3% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (ر.س115.7m market cap, or US$30.8m). New Risk • Nov 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 26% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (ر.س102.8m market cap, or US$27.4m). New Risk • Jun 28
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (ر.س121.4m market cap, or US$32.4m). Duyuru • Jun 06
Mohammed Hasan AlNaqool Sons Co., Annual General Meeting, Jun 26, 2024 Mohammed Hasan AlNaqool Sons Co., Annual General Meeting, Jun 26, 2024, at 18:30 Arab Standard Time. Location: dammam Saudi Arabia New Risk • Mar 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (ر.س139.2m market cap, or US$37.1m). New Risk • Dec 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 7.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.2% average weekly change). Earnings have declined by 14% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (ر.س146.2m market cap, or US$39.0m). Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to ر.س44.00, the stock trades at a trailing P/E ratio of 76.1x. Average trailing P/E is 20x in the Basic Materials industry in Saudi Arabia. Total loss to shareholders of 37% over the past year. New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (ر.س138.8m market cap, or US$37.0m). New Risk • Oct 07
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (ر.س170.8m market cap, or US$45.6m). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ر.س62.00, the stock trades at a trailing P/E ratio of 33x. Average forward P/E is 21x in the Basic Materials industry in Saudi Arabia. Total loss to shareholders of 57% over the past year. Duyuru • Dec 19
Mohammed Hasan Alnaqool Sons Co. Announces Executive Appointments The Board of Directors of Muhammad Hassan Al-Naqool Sons Company announce the decision of the Board of Directors in the meeting held on December 15, 2022, to select and name the Chairman of the Board, the Vice-Chairman of the Board and the Managing Director, the formation of committees, the appointment of the Secretary of the Board of Directors for the new session, as well as the selection of the company's representatives to the Capital Market Authority The Saudi Stock Exchange Company, Tadawul, and the Securities Depository Center Company (Edaa), as follows: First: Election of the Chairman of the Board of Directors, his deputy and the managing director as follows: Appointment of Mr. Majed Mohammed Hassan Al-Subaie - Chairman of the Board of Directors, Appointment of Mr. Mohammad Hazaa Mohammad Al-Mutairi - Vice-Chairman of the Board of Directors, Appointment of Mr. Turki Mohammad Hassan Al-Subaie - Managing Director. Second: The Council approved the formation of the following committees: Formation of the Remuneration and Nomination Committee as follows: Mr. Mohammad Hazaa Mohammad Al-Mutairi, Chairman of the Committee, Mr. Mutlaq Abdullah Mutlaq Al-Subaie, member of the committee, Mr. Nayef Mohammad Hassan Al-Subaie, member of the Committee. Formation of the Risk Management Committee as follows: Mr. Mohammad Hazaa Mohammad Al-Mutairi, Chairman of the Committee, Mr. Majed Mohammed Hassan Al-Subaie, member of the Committee, Mr. Mubarak Ayed Mohammed Al-Subaie, member of the Committee. Duyuru • Dec 02
Mohammed Hasan AlNaqool Sons Co. Announces Formation of Audit Committee Mohammed Hasan AlNaqool Sons Co. announced that at the Ordinary General Assembly meeting held on November 30, 2022 approved the formation of the Audit Committee for a new three-year term, starting from December 15, 2022 and ending on December 14, 2025, and its tasks, work controls, and members's remuneration, knowing that the members of the committee are: Mr. Mubarak Ayed Mohammed Al-Subaie (Chairman of the Committee); Mr. Mutlaq Abdullah Mutlaq Al Subaie (Committee member); Mr. Mohammad Hazaa Mohammad Al-Mutairi (Member of the Committee). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Nov 09
Mohammed Hasan AlNaqool Sons Co., Annual General Meeting, Nov 30, 2022 Mohammed Hasan AlNaqool Sons Co., Annual General Meeting, Nov 30, 2022, at 19:30 Arabian Standard Time. Agenda: To elect the members of the company board of directors for a new three-year term starting from 15 December 2022 and ending on 14 December 2025; and to transact such other business matters. Reported Earnings • Sep 20
First half 2022 earnings released: EPS: ر.س0.10 (vs ر.س1.39 in 1H 2021) First half 2022 results: EPS: ر.س0.10 (down from ر.س1.39 in 1H 2021). Revenue: ر.س23.1m (flat on 1H 2021). Net income: ر.س291.7k (down 93% from 1H 2021). Profit margin: 1.3% (down from 17% in 1H 2021). Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ر.س97.00, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 30x in the Basic Materials industry in Saudi Arabia. Total loss to shareholders of 22% over the past year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 10
Full year 2021 earnings released Full year 2021 results: Revenue: ر.س53.3m (down 100% from FY 2020). Net income: ر.س9.21m (down 100% from FY 2020). Profit margin: 17% (up from 14% in FY 2020). The increase in margin was driven by lower expenses. 
