RAK Ceramics reports Dhs822.8 million in Q2 revenue

RAK Ceramics PJSC reported financial results for the second quarter ending 30th June 2026. Total revenue was Dhs822.8 million, a marginal decline of 0.5 per cent YoY from Dhs826.8 million in Q2 2025.

For H1 2026, total revenue stood at Dhs 1,583.5 million, down 1.2 percent compared to Dhs1,603.3 million in H1 2025.

In Q2 2026, gross profit margin increased to 41.0 per cent, compared to 40.6 per cent in Q2 2025. For H1 2026, gross profit margin remained stable at 40.2 per cent, in line with H1 2025.

Strong demand across the UAE, KSA, and Bangladesh, together with proactive management actions and disciplined execution, helped maintain business continuity and profitability.

The Group remained focused on strengthening its market share across the region while making every effort to support customers in other markets.

As a regional manufacturer with strong production and distribution capabilities, RAK Ceramics maintained consistent product availability and reliable service delivery across its network, supporting customers, partners, and the wider ecosystem throughout the period.

In Q2 2026, profit before tax declined marginally by 1.1 per cent YoY to Dhs85.7 million, compared to Dhs86.7 million in Q2 2025. For H1 2026, profit before tax declined by 8.3 per cent YoY to Dhs138.7 million, compared to Dhs151.2 million in H1 2025.

In Q2 2026, net profit after tax increased by 2.9 per cent YoY to Dhs68.3 million, from Dhs66.4 million in Q2 2025. For H1 2026, net profit after tax declined by 7.6 per cent YoY to Dhs106.5 million, compared to Dhs115.2 million in H1 2025.

In Q2 2026, EBITDA declined marginally by 2.0 per cent to Dhs157.5 million from Dhs160.8 million in Q2 2025. For H1 2026, EBITDA declined by 3.9 per cent YoY to Dhs284.8 million, compared to Dhs296.4 million in H1 2025.

Net debt position stood at Dhs1.52 billion, down by 2.6 per cent YoY. Net debt to EBITDA stood at 2.48x from 2.53x in March 2026.

Abdallah Massaad, Group Chief Executive Officer of RAK Ceramics, said that RAK Ceramics delivered a stable Q2 2026 performance despite a challenging quarter marked by regional geopolitical tensions, supply chain disruptions, and elevated logistics costs.

He added, "Throughout this period, our priority was clear: increasing our market share across the region, while making every effort to support customers in other markets. Backed by our strong brand, product quality, and regional manufacturing footprint, we responded quickly to changing market conditions, leveraging locally sourced raw materials, alternative logistics routes, and other practical solutions to maintain reliable supply and service across our network.

"Looking ahead, we remain focused on driving value-led growth, capturing additional market share opportunities in our core markets, and delivering value creation initiatives across our European, India & Bangladesh operations. We remain confident in our ability to deliver sustainable long-term value for our stakeholders.”

WAM