Electrical Industries Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )

Electrical Industries Co. reported a 54.6% year-on-year increase in net profit for the first half of 2026, reaching SAR 402.3 million compared to SAR 260.1 million in the prior-year period. Earnings per share grew to SAR 0.36 from SAR 0.23, reflecting a strong quarterly performance where net profit rose 10.9% sequentially.
Total revenue for the six-month period climbed 32% to SAR 1.37 billion, driven by sustained high demand across all sectors in Saudi Arabia, specifically for high-voltage substation projects, distribution network infrastructure, and industrial projects within the Oil & Gas sector.
Operating margins benefited from a strategic shift toward a diversified product mix and a higher volume of sales for high-margin products; however, these gains were partially tempered by an increase in finance costs and higher selling and distribution expenses.
The company disclosed that a SAR 26.1 million refund from the General Authority for Competition was classified as a non-adjusting subsequent event and is scheduled to be recognized in the financial results for the third quarter of 2026.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	708,570	531,358	33.35	661,435	7.126
Gross Profit (Loss)	267,725	191,245	39.99	249,868	7.146
Operational Profit (Loss)	217,987	150,062	45.264	202,670	7.557
Net Profit (Loss) Attributable to Shareholders of the Issuer	211,533	136,717	54.723	190,770	10.883
Total Comprehensive Income Attributable to Shareholders of the Issuer	211,226	140,872	49.941	188,910	11.813
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	1,370,005	1,038,043	31.979
Gross Profit (Loss)	517,593	376,839	37.351
Operational Profit (Loss)	420,658	287,956	46.084
Net Profit (Loss) Attributable to Shareholders of the Issuer	402,303	260,148	54.643
Total Comprehensive Income Attributable to Shareholders of the Issuer	400,136	266,192	50.318
Total Shareholders Equity (after Deducting Minority Equity)	1,280,502	1,071,660	19.487
Profit (Loss) per Share	0.36	0.23
All figures are in (Thousands) 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 (Thousands) 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 increase in sales in the current quarter compared with the same quarter of last year is attributed to the rising demand across all sectors within the Kingdom of Saudi Arabia. This increase was particularly evident in high-voltage projects, new industrial projects including the Oil & Gas sector and the increase of exports.
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 reason of the increase in the net profit of the current quarter compared to the same quarter of last year is mainly attributed to the following: • Increase of sales from SAR 531.4 million to SAR 708.6 million. • The diversification of sold products and increase in sold products with higher profit margins. The increase in net profit is offset by increase in selling and distribution expenses and finance cost.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The increase in sales in the current quarter compared to the previous quarter is attributed to the rising demand across all sectors within the Kingdom of Saudi Arabia. This increase was particularly evident in high-voltage projects, new industrial projects including the Oil & Gas sector and the increase of exports.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The increase in net profit of the current quarter compared to the previous quarter is mainly attributed to the following: • Increase of sales from SAR 661.4 million to SAR 708.6 million • The diversification of sold products and increase in sold products with higher profit margins. The increase in net profit is offset by increase in selling and distribution expenses and finance cost.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The increase in sales in the current period compared to the same period of last year was driven by the continuation of the same levels of high demand achieved during the previous period, especially in high-voltage substation projects, distribution network infrastructure projects, and a series of new industrial projects, including the Oil & Gas sector.
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 increase in the net profit of the current period compared to the same period of last year is mainly attributed to: • The increase of sales from SAR 1,038 million to SAR 1,370 million • The diversification of sold products and increase in sold products with higher profit margins. The increase in net profit is offset by increase in selling and distribution expenses and finance cost.
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	The financial results of the current period does not include the amount refunded from the General Authority for Competition amounting to SAR 26.1 million as this has been concluded as a non-adjusting subsequent event for the current period as per the requirements of IFRS. The refunded amount shall be included in the financial results for the third quarter of year 2026.