Multi Business Group Co. announces its Interim Financial results for the period ending on 2026-06-30 ( Six Months )

Multi Business Group Co. reported a 32.95% increase in net profit for the six-month period ending June 30, 2026, reaching SAR 5.79 million compared to SAR 4.35 million in the same period last year.
Total revenue declined by 7.56% to SAR 70.08 million, driven by a 14.76% drop in the core contracting segment (SAR 62.9 million) due to project mix and execution timing, despite a 256.72% surge in building materials sales to SAR 7.2 million.
Profitability was bolstered by improved gross margins, which rose from 11.11% to 13.25% as the company focused on higher-margin projects and reduced labor costs to align with current operating levels.
The company secured SAR 114.3 million in new contract awards during the period, ending June with a total backlog of SAR 261.2 million, providing 1.93 times coverage of 2025 revenues.

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	70,080,376	75,815,696	-7.564
Net Profit (Loss) Attributable to Shareholders of the Issuer	5,785,479	4,351,599	32.95
Total Shareholders Equity (after Deducting Minority Equity)	90,227,178	89,841,347	0.429
Profit (Loss) per Share	0.13	0.1
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	This decrease in revenue was mainly due to: • A decrease in revenue from the contracting segment during the current period to SAR (62.9) million, representing a decrease of (14.76%) compared to SAR (73.8) million for the corresponding period of the previous year. This was due to a change in the mix of projects and stages of execution during the period, which affected the percentage of completion and the revenue recognized. This segment contributes approximately (90%) of total revenue. This was despite: • An increase in revenue from the building materials segment during the current period to SAR (7.2) million, representing an increase of (256.72%) compared to SAR (2) million for the corresponding period of the previous year. This was due to an increase in quantities sold. This segment contributes approximately (10%) of total revenue.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	This increase in net profit was mainly due to: • An increase in gross profit during the current period to SAR (9.3) million, representing an increase of (10.20%) compared to SAR (8.4) million for the corresponding period of the previous year, despite the decrease in revenue. This was due to improved margins on executed projects and a higher contribution from projects with higher margins, in addition to a decrease in salaries, wages and related benefits, reflecting the alignment of the operating cost structure with the current level of activity. Accordingly, the gross profit margin improved during the current period to (13.25%) compared to (11.11%) for the corresponding period of the previous year. • An increase in other income during the current period to SAR (0.5) million compared to SAR (0.2) million, due to placing surplus cash in Murabaha deposits.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	NA
Additional Information	• The value of contracts awarded during the period amounted to SAR (114.3) million, while the backlog as at the end of the period amounted to SAR (261.2) million, representing a coverage ratio of (1.93) times the revenue of 2025. • Basic earnings per share attributable to common share is calculated by dividing the net profit attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share are similar to basic earnings per share in that the Company has no diluted shares on issue. Accordingly the weighted average number of shares was calculated as (45,000,000) shares, as if the capital increase had taken effect from the beginning of the six-month period ended June 30, 2025, since the capital increase did not result from external cash injections, in accordance with the requirements of International Financial Reporting Standards (IFRS) as adopted in the Kingdom of Saudi Arabia. For more details, please see note no. (16) in the financial statement.