Riyadh – Mubasher: Thob Al Aseel Company announced its preliminary financial results for the second quarter (Q2) of 2026, reporting a net profit of SAR 15.30 million.
This represents a 65.76% leap compared to the SAR 9.23 million recorded during the same period in 2025.
The company attributed the profit growth to an 18.94% rise in quarterly revenue, which reached SAR 103.91 million. The increase was supported by higher demand for diversified products, growth in online store sales, and improved export performance.
Additionally, net profit was bolstered by investment gains and a relative improvement in profit margins due to a higher sales contribution from high-margin items.
For the first six months (6M) of 2026, net profit reached SAR 81.74 million, up 13.13% from SAR 72.25 million in the previous year.
Total revenue for the half-year period rose to SAR 356.76 million from SAR 312.84 million. Earnings per share (EPS) for the six-month period stood at SAR 0.20, compared to SAR 0.18 a year earlier.
Total shareholders' equity, excluding non-controlling interests, hit SAR 654.03 million as of 30 June 2026.
