Latest news with #RAKCeramics
Zawya
6 days ago
- Business
- Zawya
UAE: RAK Ceramics' revenue grew 6.4% YoY to $225.1mln in Q2
RAK Ceramics PJSC announced its financial results for the second quarter ended 30th June 2025. Total revenue increased by 6.4% YoY to AED826.8 million and by 2.9% to AED1.6 billion in H1 2025 as a result of strong demand from the UAE and Middle East as well as effective cost management. In Q2 2025, the gross profit margin increased by 110bps to 40.6% YoY and in H1 2025, it increased by 70bps to 40.2%, driven by enhanced operational efficiencies which have contributed to higher gross profit margin, reinforcing RAK Ceramic's market leadership. EBITDA increased by 17.5% to AED160.8 million in Q2 2025 compared to AED 136.9 million in the same period last year. Similarly, in H1 25 EBITDA increased by 2.9% to AED296.4 million, while EBITDA margins have increased by 1.9% to 19.5% in Q2 2025 up from 17.6% in Q2 2024. In H1 2024, EBITDA margin remained consistent at 18.5%. Profit before tax increased by 45.0% YoY to AED86.7 million, compared to AED59.8 million in Q2 2024. Net profit after tax increased by 30.1% YoY to AED66.4 million, compared to AED51.0 million in Q2 2024. In line with the increased profitability across the businesses. UAE Corporate tax was AED17.2 million in Q2 2025, up from AED6.5 million in Q2 2024. Net debt position rose by AED120.6 million to reach AED1.56 billion in Q2 2025, compared to Q1 2025, primarily driven by increased capital expenditure and working capital requirements. Commenting on the results, Abdallah Massaad, Group CEO, RAK Ceramics, said, "I'm pleased to report that Q2 2025 delivered solid revenue growth alongside strong operational performance, a reflection of the strength and adaptability of RAK Ceramics across the globe. Our ability to drive both volume and value growth in key markets, while successfully navigating regional headwinds, further underscores the effectiveness of our diversified strategy. "Looking forward, we're continuing to innovate our operations and accelerate initiatives that will strengthen our position in the market and continue to drive profitability across all divisions."
Gulf Today
6 days ago
- Business
- Gulf Today
RAK Ceramics' revenue grew 6.4% YoY to Dhs826.8 million in Q2
RAK Ceramics PJSC announced its financial results for the second quarter ended 30th June 2025. Total revenue increased by 6.4% YoY to Dhs826.8 million and by 2.9% to Dhs1.6 billion in H1 2025 as a result of strong demand from the UAE and Middle East as well as effective cost management. In Q2 2025, the gross profit margin increased by 110bps to 40.6% YoY and in H1 2025, it increased by 70bps to 40.2%, driven by enhanced operational efficiencies which have contributed to higher gross profit margin, reinforcing RAK Ceramic's market leadership. EBITDA increased by 17.5% to Dhs160.8 million in Q2 2025 compared to Dhs 136.9 million in the same period last year. Similarly, in H1 25 EBITDA increased by 2.9% to Dhs296.4 million, while EBITDA margins have increased by 1.9% to 19.5% in Q2 2025 up from 17.6% in Q2 2024. In H1 2024, EBITDA margin remained consistent at 18.5%. Profit before tax increased by 45.0% YoY to Dhs86.7 million, compared to Dhs59.8 million in Q2 2024. Net profit after tax increased by 30.1% YoY to Dhs66.4 million, compared to Dhs51.0 million in Q2 2024. In line with the increased profitability across the businesses. UAE Corporate tax was Dhs17.2 million in Q2 2025, up from Dhs6.5 million in Q2 2024. Net debt position rose by Dhs120.6 million to reach Dhs1.56 billion in Q2 2025, compared to Q1 2025, primarily driven by increased capital expenditure and working capital requirements. Commenting on the results, Abdallah Massaad, Group CEO, RAK Ceramics, said, "I'm pleased to report that Q2 2025 delivered solid revenue growth alongside strong operational performance, a reflection of the strength and adaptability of RAK Ceramics across the globe. Our ability to drive both volume and value growth in key markets, while successfully navigating regional headwinds, further underscores the effectiveness of our diversified strategy. "Looking forward, we're continuing to innovate our operations and accelerate initiatives that will strengthen our position in the market and continue to drive profitability across all divisions." WAM
Zawya
7 days ago
- Business
- Zawya
RAK Ceramics posts solid Q2 growth; revenue soars to $435m
RAK Ceramics, a leading ceramics and porcelain lifestyle solutions provider, has announced solid results for the first half with its total revenue soaring to AED1.6 billion ($435 million), up 2.9% over last year. Announcing the financial results for the six-month period ended June 30, 2025, the Ras Al Khaimah-based industrial group said its gross profit margin increased by 70bps to 40.2%, driven by enhanced operational efficiencies which have contributed to higher gross profit margin, reinforcing its market leadership. RAK Ceramic said its ebitda too for the first half increased by 2.9% to AED296.4 million, while its ebitda margin remained consistent at 18.5%. Its profit before tax in H1 increased by 13.1% to AED151.2 million from last year's figure of AED133.7 million, while its net profit after tax grew 1.2% YoY to AED115.2 million, compared to AED113.9 million last year. On its financial performance in Q2, RAK Ceramics said it has been strong, demonstrating the resilience of the business in the face of a tough macro-economic environment. Total revenue increased by 6.4% YoY to AED826.8 million as a result of strong demand from the UAE and Middle East as well as effective cost management, it stated. In Q2 2025, the gross profit margin increased by 110bps to 40.6% YoY, while its ebitda rose 17.5% to AED 160.8 million compared to AED136.9 million in the same period last year. The Emirati group's ebitda margins grew by 1.9% to 19.5%, up from 17.6% in Q2 last year. According to RAK Ceramics, the profit before tax increased by 45% YoY to AED86.7 million, compared to AED59.8 million last year, while the net profit after tax surged by 30.1% YoY to AED66.4 million, compared to AED 51 million in Q2 last year. Net debt position rose by AED120.6 million to reach AED 1.56 billion in Q2 2025, compared to Q1 2025, primarily driven by increased capital expenditure and working capital requirements, it added. The Ras Al Khaimah-based industrial major said its tiles revenue continued to grow in Q2, up 10.2% year-on-year to AED474.3 million, led by strong demand in UAE, with an increasing contribution from high-margin project and retail channels. Its faucets revenue continued to grow by 11.7% to AED122.3 million in Q2 2025, mainly driven by performance in Europe, KSA, and Africa. On the sanitaryware sector, the group said it had experienced a 3.6% growth in revenue, driven by strong demand in the UAE. However, its tableware division reported a decline in revenue of 7.9% to AED 84.9 million for Q2 2025. Despite the revenue decline, gross profit margin improved by 380 bps, supported by higher sales to the airline industry and premium hospitality projects, it added. Impressed with results, the board of directors have proposed an interim dividend distribution of 10 fils per share (AED99.4 million) for H1. On its robust performance, Group CEO Abdallah Massaad said: "We have delivered solid Q2 revenue growth alongside strong operational performance, a reflection of the strength and adaptability of RAK Ceramics across the globe." "Our ability to drive both volume and value growth in key markets, while successfully navigating regional headwinds, further underscores the effectiveness of our diversified strategy. Our teams have demonstrated resilience in adapting to local market conditions, leveraging growth opportunities in stableregions and implementing corrective measures where needed," stated Massaad. "The shift toward high-quality and innovative offerings isstrengthening our margin profile and reinforcing our competitive positioning. Our investments in advanced manufacturing capabilities, including upgraded facilities, continue to drive efficiencies and set new benchmarks for quality," he noted. "Looking forward, we're continuing to innovate our operations and accelerate initiatives that will strengthen our position in the market and continue to drive profitability across all divisions," he added.- TradeArabia News Service Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
13-08-2025
- Business
- Zawya
RAK Ceramics announces Q2 and half yearly 2025 financial results
Ras Al Khaimah, United Arab Emirates: RAK Ceramics PJSC (Ticker: RAKCEC: Abu Dhabi), one of the largest ceramics and porcelain lifestyle solutions provider in the world, today announced its financial results for the second quarter ended 30 June 2025. Financial Highlights Our financial performance in Q2 has been strong, demonstrating the resilience of the business in the face of a tough macro-economic environment. Total revenue increased by 6.4% YoY to AED 826.8 million and by 2.9% to AED 1.6 billion in H1 2025 as a result of strong demand from the UAE and Middle East as well as effective cost management. In Q2 2025, the gross profit margin increased by 110bps to 40.6% YoY and in H1 2025, it increased by 70bps to 40.2%, driven by enhanced operational efficiencies which have contributed to higher gross profit margin, reinforcing RAK Ceramic's market leadership. EBITDA increased by 17.5% to AED 160.8 million in Q2 2025 compared to AED 136.9 million in the same period last year. Similarly, in H1 25 EBITDA increased by 2.9% to AED 296.4 million, while EBITDA margins have increased by 1.9% to 19.5% in Q2 2025 up from 17.6% in Q2 2024. In H1 2024, EBITDA margin remained consistent at 18.5%. Profit before tax increased by 45.0% YoY to AED 86.7 million, compared to AED 59.8 million in Q2 2024. Net profit after tax increased by 30.1% YoY to AED 66.4 million, compared to AED 51.0 million in Q2 2024. In line with the increased profitability across the businesses. UAE Corporate tax was AED 17.2 million in Q2 2025, up from AED 6.5 million in Q2 2024. Net debt position rose by AED 120.6 million to reach AED 1.56 billion in Q2 2025, compared to Q1 2025, primarily driven by increased capital expenditure and working capital requirements. Financial highlights Segmental performance highlights Tiles revenue continued to grow in Q2, up 10.2% year-on-year to AED 474.3 million, led by strong demand in the UAE, with an increasing contribution from high-margin project and retail channels. Sanitaryware experienced a 3.6% growth in revenue, driven by strong demand in the UAE. Tableware division reported a decline in revenue of 7.9% to AED 84.9 million for Q2 2025. Despite the revenue decline, gross profit margin improved by 380 bps, supported by higher sales to the airline industry and premium hospitality projects. Faucets revenue continued to grow by 11.7% to AED 122.3 million in Q2 2025, mainly driven by performance in Europe, KSA, and Africa. Tiles & Sanitaryware market highlights UAE: Continued to deliver strong revenue growth, a YoY increase of 26.4% to AED 242.9 million in Q2 2025 from AED 192.2 million primarily driven by the Tiles and Sanitaryware segments and supported by sustained momentum in the real estate sector. Saudi Arabia: Registered a decline in revenue of 11.4% in Q2 2025 to AED 54.5 million from AED 61.6 million in Q2 2024. Despite the top line pressure, gross profit margin improved by 300 bps, driven by a favorable product mix. Europe: Revenue has remained under pressure attributed to tough macroeconomic conditions, including stagnant growth, persistent inflation and continued recessionary concerns. In Q2 2025, revenue in Europe declined by 3.2% to AED 90.0 million from AED 92.9 million in Q2 2024, and by 10.5% in local currency, driven by weak demand in the UK and Italy. India: India continues to demonstrate resilience, registering moderate revenue growth of 2.0% (2.8% in local currency) to AED 87.6 million in Q2 2025, driven by expansion of the dealer's network. Bangladesh: Experienced robust growth in revenue of 9.4% (15.6% in local currency) to AED 48.9million in Q2 2025, indicating signs of recovery in the market. However, ongoing political instability continues to disrupt market dynamics and overall economic sentiment. Middle East: Reported strong YoY growth of 33.4% in Q2 2025, reflecting strong demand led by Bahrain, Iraq, and Jordan. Commenting on the results, Abdallah Massaad, Group CEO, RAK Ceramics said: "I'm pleased to report that Q2 2025 delivered solid revenue growth alongside strong operational performance, a reflection of the strength and adaptability of RAK Ceramics across the globe. Our ability to drive both volume and value growth in key markets, while successfully navigating regional headwinds, further underscores the effectiveness of our diversified strategy. Our teams have demonstrated resilience in adapting to local market conditions, leveraging growth opportunities in stable regions and implementing corrective measures where needed. The shift toward high-quality and innovative offerings is strengthening our margin profile and reinforcing our competitive positioning. Our investments in advanced manufacturing capabilities, including upgraded facilities, continue to drive efficiencies and set new benchmarks for quality. Looking forward, we're continuing to innovate our operations and accelerate initiatives that will strengthen our position in the market and continue to drive profitability across all divisions." Strategic Highlights Upgradation projects One of the tile production facility in the UAE, to develop a state-of-the-art slab production facility, commenced commercial production during the quarter. Upgradation of another tile plant in UAE is under progress and likely to commence commercial product by Q4 2025. Sanitaryware facility in the UAE is in process of upgradation with energy-efficient technologies and enhanced product portfolio, to be commissioned by Q4 2025. Greenfield projects In KSA, continuing to work towards setting up a production facility Awards & Recognition Received ICV Excellence Award at MIITE 2025 by the UAE's Ministry of Industry & Advanced Technology at the Make It in the Emirates (MIITE) Awards About RAK Ceramics RAK Ceramics is one of the largest ceramics' brands in the world. Specialising in ceramic and gres porcelain wall and floor tiles, tableware, sanitary ware and faucets, the Company has the capacity to produce 118 million square metres of tiles, 5.7 million pieces of sanitary ware, 36 million pieces of porcelain tableware and 2.6 million pieces of faucets per year at its 23 state-of-the-art plants across the United Arab Emirates, India, Bangladesh and Europe. Founded in 1989 and headquartered in the United Arab Emirates, RAK Ceramics serves clients in more than 150 countries through its network of operational hubs in Europe, Middle East and North Africa, Asia, North and South America and Australia. RAK Ceramics is a publicly listed company on the Abu Dhabi Securities Exchange in the United Arab Emirates and as a group has an annual turnover of approximately US$1 billion. Contact Us If you have any questions or require further information, please do not hesitate to contact our investor relations department. Investor Relations: RAK Ceramics PJSC Sarang Dublish E. ir@ | For media enquiries please contact: Marco Borghi E.
Al Bawaba
13-08-2025
- Business
- Al Bawaba
RAK Ceramics Announces Q2 and Half Yearly 2025 Financial Results
RAK Ceramics PJSC (Ticker: RAKCEC: Abu Dhabi), one of the largest ceramics and porcelain lifestyle solutions provider in the world, today announced its financial results for the second quarter ended 30 June highlightsSegmental performance highlights • Tiles revenue continued to grow in Q2, up 10.2% year-on-year to AED 474.3 million, led by strong demand in the UAE, with an increasing contribution from high-margin project and retail channels.• Sanitaryware experienced a 3.6% growth in revenue, driven by strong demand in the UAE.• Tableware division reported a decline in revenue of 7.9% to AED 84.9 million for Q2 2025. Despite the revenue decline, gross profit margin improved by 380 bps, supported by higher sales to the airline industry and premium hospitality projects.• Faucets revenue continued to grow by 11.7% to AED 122.3 million in Q2 2025, mainly driven by performance in Europe, KSA, and & Sanitaryware market highlights• UAE: Continued to deliver strong revenue growth, a YoY increase of 26.4% to AED 242.9 million in Q2 2025 from AED 192.2 million primarily driven by the Tiles and Sanitaryware segments and supported by sustained momentum in the real estate sector. • Saudi Arabia: Registered a decline in revenue of 11.4% in Q2 2025 to AED 54.5 million from AED 61.6 million in Q2 2024. Despite the top line pressure, gross profit margin improved by 300 bps, driven by a favorable product mix.• Europe: Revenue has remained under pressure attributed to tough macroeconomic conditions, including stagnant growth, persistent inflation and continued recessionary concerns. In Q2 2025, revenue in Europe declined by 3.2% to AED 90.0 million from AED 92.9 million in Q2 2024, and by 10.5% in local currency, driven by weak demand in the UK and Italy.• India: India continues to demonstrate resilience, registering moderate revenue growth of 2.0% (2.8% in local currency) to AED 87.6 million in Q2 2025, driven by expansion of the dealer's network.• Bangladesh: Experienced robust growth in revenue of 9.4% (15.6% in local currency) to AED 48.9million in Q2 2025, indicating signs of recovery in the market. However, ongoing political instability continues to disrupt market dynamics and overall economic sentiment.• Middle East: Reported strong YoY growth of 33.4% in Q2 2025, reflecting strong demand led by Bahrain, Iraq, and on the results, Abdallah Massaad, Group CEO, RAK Ceramics said: "I'm pleased to report that Q2 2025 delivered solid revenue growth alongside strong operational performance, a reflection of the strength and adaptability of RAK Ceramics across the globe. Our ability to drive both volume and value growth in key markets, while successfully navigating regional headwinds, further underscores the effectiveness of our diversified teams have demonstrated resilience in adapting to local market conditions, leveraging growth opportunities in stable regions and implementing corrective measures where needed. The shift toward high-quality and innovative offerings is strengthening our margin profile and reinforcing our competitive positioning. Our investments in advanced manufacturing capabilities, including upgraded facilities, continue to drive efficiencies and set new benchmarks for forward, we're continuing to innovate our operations and accelerate initiatives that will strengthen our position in the market and continue to drive profitability across all divisions."Strategic HighlightsUpgradation projects• One of the tile production facility in the UAE, to develop a state-of-the-art slab production facility, commenced commercial production during the quarter. • Upgradation of another tile plant in UAE is under progress and likely to commence commercial product by Q4 2025.• Sanitaryware facility in the UAE is in process of upgradation with energy-efficient technologies and enhanced product portfolio, to be commissioned by Q4 projects• In KSA, continuing to work towards setting up a production facilityAwards & Recognition • Received ICV Excellence Award at MIITE 2025 by the UAE's Ministry of Industry & Advanced Technology at the Make It in the Emirates (MIITE) Awards.
