Riyadh – Mubasher: GAS Arabian Services Company recorded net profits valued at SAR 80.92 million in the first half (H1) of 2026, representing a 15.38% increase from SAR 70.13 million in H1-25.
The company attributed the growth to higher revenues and increased profits from associate firms.
Total revenue for the half-year period reached SAR 725.83 million, up 13.14% from SAR 641.51 million a year earlier. This performance was supported by improved results in the technical services and manufacturing sectors. Operating profit for H1-26 rose by 14.34% to SAR 81.11 million.
Earnings per share (EPS) rose to SAR 0.51 from SAR 0.44 in the prior-year period.
For the second quarter (Q2) of 2026, the company achieved a net profit of SAR 42.76 million, a 10.15% increase compared to SAR 38.82 million in the same quarter of Q2-25.
Quarterly revenue grew by 13.96% to SAR 364.43 million, driven by successful project execution.
The company's backlog of orders and work in progress stood at SAR 1.55 billion.
During the period, GAS Arabian Services signed a long-term agreement with Saudi Arabian Oil Company for technical services with an initial duration of six years, extendable up to 12 years.
