Saudi Ceramics Expects Demand Growth to Continue in Q4 2026
Saudi Arabia: Saudi Ceramic Company expects demand for ceramic tiles, sanitaryware and water heaters to continue during the fourth quarter of 2026, according to Chief Executive Officer Azzam Almudaiheem. The company reported a third-quarter net profit of USD 7.67 million, compared with approximately USD 1.79 million in the corresponding period of 2025. Revenue increased by 16.4% year-on-year to USD 110.43 million, supported by higher tile sales volumes and average selling prices. Gross profit margin reached 32%, compared with 28.4% in the previous year, while domestic sales increased by 15%.
Export sales rose by 32.5% during the quarter, with Gulf Cooperation Council markets accounting for the largest contribution to export growth. The company attributed its financial performance to operational efficiency measures, production improvements and sales channel development initiated in 2024. Saudi Ceramics operates 71 showrooms across Saudi Arabia, including five opened during 2026. The company is also rebuilding a power station damaged by a fire in August 2026, while production has resumed using alternative power sources. Management expects demand for water heaters to increase during the fourth quarter due to seasonal consumption patterns.
Source: Argaam
