RAK Ceramics (RAKCEC) investor relations material

Executive summary

• Q3 revenue and profit grew YoY, supported by UAE, Middle East and India demand and market-share gains despite regional and supply-chain disruption.

• Local manufacturing, alternative logistics routes and inventory buffers helped maintain product availability and customer service.

Financial highlights

• Q3 revenue was AED 861.5m, up 4.4% YoY; 9M revenue was AED 2,445.1m, up 0.7%.

• Q3 gross margin was 40.3% versus 40.5% a year earlier; 9M gross margin held at 40.3%.

• Q3 EBITDA rose 4.7% to AED 175.7m; profit before tax rose 13.4% to AED 98.3m and net profit after tax rose 15.5% to AED 78.0m.

• 9M EBITDA was AED 460.5m, down 0.8%; profit before tax was AED 237.0m, down 0.4%, and net profit after tax was AED 184.5m, up 1.0%.

Outlook and guidance

• Q4 priorities include converting UAE and GCC project demand, recovering shipments delayed by SABER certification and executing turnaround plans.

• FY 2026 capital expenditure guidance is AED 225m–AED 250m; priorities include core-market growth, operational improvement and disciplined spending.

• Yanbu tiles facility remains on track for completion in Q2 2027; planned growth investment also includes retail expansion and higher-value product categories.

• Project timing, KSA liquidity, disrupted export routes, hospitality demand and material and energy costs remain watch points; management offered no earnings forecast amid uncertain visibility.