Riyadh — Mubasher: National Environmental Recycling Company (Tadweer) reported a net profit of SAR 41.77 million during the six-month period ended on 30 June 2026.
The positive result represented a 56.82% increase from the SAR 26.64 million recorded during the same period last year.
Earnings per share rose to SAR 0.18 in the first half (H1) of 2026 from SAR 0.12 in H1-25, according to a bourse disclosure.
The company’s revenue climbed 130.16% to SAR 1.14 billion in H1-26 from SAR 496.16 million in the prior-year period.
Tadweer attributed the annual revenue growth to the expansion of raw material sourcing across major Saudi cities and a 173% surge in export sales.
For the second quarter (Q2) of 2026, net profit reached SAR 21.28 million, marking a 154.53% jumped from SAR 8.36 million in Q2-25.
Quarterly revenue grew 183.57% to SAR 648.29 million in April-June 2026.
Tadweer noted that while sales volume increased, the growth in net profit was partially tempered by rising shipping and insurance costs resulting from current geopolitical conditions.
Moreover, total shareholders' equity, excluding non-controlling interests, stood at SAR 364.57 million as of 30 June 2026.
Tadweer recently became the first entity in Saudi Arabia to be accepted into the Greenhouse Gas Crediting and Offsetting Mechanism (GCOM), a national framework managed by the National Committee for the Clean Development Mechanism under the Ministry of Energy.
