Thoub Al-Aseel Company Announces Its Condensed Consolidated Interim Financial Results for the period ending on 30-06-2026 (Six Months)

Thoub Al-Aseel reported a 65.76% year-on-year increase in net profit for Q2 2026, reaching 15.3 million SAR, while the six-month net profit for the period ending June 30, 2026, grew by 13.13% to 81.74 million SAR.
Quarterly revenue increased 18.94% year-on-year to 103.91 million SAR, driven by product diversification, growth in online store sales, and improved export performance, despite a 58.9% sequential decline from Q1 2026 due to the end of the seasonal Ramadan sales peak.
Profitability was bolstered by a relative improvement in margins from higher-margin product sales and investment gains realized during the quarter, helping push operational profit up 33.92% year-on-year to 20.65 million SAR.
Earnings per share for the first half of 2026 improved to 0.2 SAR compared to 0.18 SAR in the prior-year period, supported by a 4.67% increase in total shareholders' equity to 654.03 million SAR.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	103.91	87.36	18.944	252.84	-58.902
Gross Profit (Loss)	44.33	36.31	22.087	112.25	-60.507
Operational Profit (Loss)	20.65	15.42	33.916	75.15	-72.521
Net Profit (Loss) Attributable to Shareholders of the Issuer	15.3	9.23	65.763	66.44	-76.971
Total Comprehensive Income Attributable to Shareholders of the Issuer	14.82	9.97	48.645	68.63	-78.405
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	356.76	312.84	14.039
Gross Profit (Loss)	156.58	135.27	15.753
Operational Profit (Loss)	95.8	87.94	8.937
Net Profit (Loss) Attributable to Shareholders of the Issuer	81.74	72.25	13.134
Total Comprehensive Income Attributable to Shareholders of the Issuer	83.45	71.84	16.16
Total Shareholders Equity (after Deducting Minority Equity)	654.03	624.82	4.674
Profit (Loss) per Share	0.2	0.18
All figures are in (Millions) Saudi Arabia, Riyals

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

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The company's sales increased during the second quarter of 2026 by 18.94% to reach 103.91 million SAR, compared to 87.36 million SAR during the same quarter of the previous year. This is due to the high demand for the company's products because of product development and diversification, the growth of online store sales, and improved export sales, in addition to the incentives and promotions that contributed to supporting sales growth.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The 65.76% increase in net profit during the current quarter compared to the same quarter of the previous year is due to: Sales growth and a relative improvement in profit margins resulting from increased sales of higher-margin items, in addition to investment gains made during the current quarter, which contributed to the increase in net profit compared to the same quarter of the previous year.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Sales decreased during the second quarter of 2026 compared to the previous quarter because of the Ramadan sales season coinciding with the first quarter, which had a positive impact on sales in the first quarter compared to the second quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The decrease in net profit for the current quarter of 2026 compared to the previous quarter is due to: A decrease in sales resulting from the seasonality of the business.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	Sales during the current period of 2026 increased by 14.04% to reach 356.76 million SAR, compared to 312.84 million SAR during the same period of the previous year, due to the increased demand for the company’s products.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The 13.13% increase in net profit for the current period compared to the same period last year is due to: Sales growth of 14.04%, along with a relative improvement in profit margins resulting from sales of high-margin items.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	None
Reclassification of Comparison Items	None
Additional Information	We would like to draw the attention of our valued shareholders, The Condensed Consolidated Interim Financial statements for the period ended 30 June 2026 will be available on the Investor Relations app for Al-Aseel Smart Phones and Tablets, and through the company's website at the following link http://www.alaseel.com.sa/investor, after sending it to the competent authorities.