Construction Materials Industries SAOG (CMII) Earnings Call Transcript

[Foreign Language]

As-salamu alaykum. Thank you very much, Mr. Talal. We are pleased to present to you the gross profit and net profit achieved by CMI for the current period compared to same period last year. Gross profit made in first half of 2026 QAR 311,220 net profit of QAR 36,418 compared to same period last year, we made a gross profit of QAR 205,393 and made a net loss of QAR 45,168 for the same period last year. The key performance indicators are like [ revenue sales ] for the current period is QAR 1,552,120 compared to QAR 1,388,080 same period last year achieved a 11.82% increase in January and February. Cost of sales for the current peirod is QAR 1,240,900 compared to QAR 1,182,687 an increase of 4.92%. Gross profit for the period QAR 311,220 compared to QAR 205,393 an increase of 51.52%. Net profit before tax for current period is QAR 42,845 compared to a net loss of QAR 45,168 for the same period last year a complete turnaround of 195% (sic) [ 194.86%]. Coming to net profit after tax current year we could achieved QAR 36,418 compared to a loss of QAR 45,168 again a turnaround of 180% (sic) [ 180.63% ]. Even though we were facing a lot of problems due to the current geopolitical situation. Our general manager operations, Mr. Hitesh Pathak will represent you the future outlook of CMI. Thank you.

Hello As-salamu alaykum. Good morning, everybody. Thank you, Mr. Talal. Thank you, Mr. Santhosh. Thank you, Aisha. What a remarkable turnaround, 194% of net profit before tax we had achieved. But in spite of all this geopolitical, it was supposed to achieve more in this year. But because of this current situation, we had an issue with our key accounts in Bahrain, in Africa, in India because of the main issue was the ocean freight. There was no proper shipping on the time. So we were not able to supply the goods in export for this current 6 months. So that impacted our sales less compared to our budget. No doubt it was increasing compared to last year. Some of the accounts -- key account also was not able to produce the material because of the inavailability of their raw material in Bahrain, even in Oman. And thus, we were not able to supply that. And thus, we had -- the sales was slightly less compared to the budget. But coming to the future outlook, we are the only company in Oman having these products of Quicklime powder, Quicklime [ lumps ] and [ Hydrated lime ]. So we are sure that we will achieve this another 6 months with very turnaround position again as we are planning for our new vertical grinding mill, which is near to completion. And we will start production of Quicklime more [ efficiency in more volume ]. So that will be our better position. We are also trying to focus more in the UAE and the neighboring markets where we will supply our goods. So our sales will increase for coming 6 months. And further, we have sustained growth through our local sourcing energy efficiency, cost of optimization by our higher work and we are trying to reduce the electricity cost by utilizing our plant in the -- not in the peak hours. So that way we will reduce the operation cost and increase the profitability and maintain the product quality alongside the continuous improvement of machineries and performance and plant technical workforce. So we will expand sales improve the capacity utilization of and strong long-term growth for the shareholder value. Thank you very much. Now I give to Mr. Talal. Thanks.

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