| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 688,127 | 571,453 | 20.417 | 664,072 | 3.622 |
| Gross Profit (Loss) | 167,572 | 159,160 | 5.285 | 186,340 | -10.071 |
| Operational Profit (Loss) | 76,997 | 77,409 | -0.532 | 103,242 | -25.42 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 47,561 | 65,388 | -27.263 | 80,412 | -40.853 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 44,839 | 62,662 | -28.443 | 82,484 | -45.639 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,352,199 | 1,160,840 | 16.484 |
| Gross Profit (Loss) | 353,913 | 329,049 | 7.556 |
| Operational Profit (Loss) | 180,240 | 164,351 | 9.667 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 127,973 | 140,166 | -8.698 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 127,324 | 137,440 | -7.36 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,607,877 | 1,494,956 | 7.553 |
| Profit (Loss) per Share | 1.56 | 1.71 | |
| 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 | In the second quarter of 2026, the Group’s revenue increased by 20.4% to SAR 688.1 million, compared to SAR 571.5 million in the corresponding quarter of 2025. The increase was mainly driven by growth in the non-aviation sector including Red Sea Project and, contribution from the consolidation of Al Khalejiah Catering Company following completion of the acquisition in March 2026. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | In the second quarter of 2026, the Group recorded gross profit growth of 5.3% driven by growth in sales, on the other hand the net profit decrease to SAR 47.6 million, compared to SAR 65.4 million in the corresponding quarter of 2025. The decrease is mainly attributable to regional disruptions that led to reductions in flights and meals. Profitability was also affected by higher finance costs associated with accounting for lease liabilities (under IFRS 16) and project financing, lower finance income from interests on deposit, a higher allowance for expected credit losses, and a higher share of loss from investments in associates and joint ventures. Furthermore, the earnings per share (EPS) for the second quarter of 2026 stood at SAR 0.58 per share, compared to SAR 0.80 per share in the second quarter of 2025, consistent with the decrease in net profit. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | In the second quarter of 2026, the Group’s revenue increased by 3.6% to SAR 688.1 million, compared to SAR 664.1 million in the first quarter of 2026. The increase was mainly driven by higher non-aviation revenue including Red Sea Project and a full-quarter contribution from Al Khalejiah Catering Company, which was consolidated from March only (i.e one month in the first quarter of 2026). This growth was partially offset by lower revenue from aviation sector. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit attributable to shareholders of the issuer decreased to SAR 47.6 million in the second quarter of 2026, compared with SAR 80.4 million in the first quarter of 2026. The decrease is mainly attributable to regional disruptions that led to reductions in flights and meals. Profitability was also affected by lower finance income from interests on deposit, a higher allowance for expected credit losses, and a higher share of loss from investments in associates and joint ventures. Accordingly, earnings per share decreased to SAR 0.58 in the second quarter of 2026, compared to SAR 0.98 in the first quarter of 2026, in line with the decrease in net profit. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | For the six-month period ended 30 June 2026, the Group’s revenue increased by 16.5% to SAR 1,352.2 million, compared to SAR 1,160.8 million in the corresponding period of 2025. Growth was mainly driven by higher revenue in the non-aviation sector, mainly from the Red Sea Project and the consolidation of Al Khalejiah Catering Company from 1 March 2026, partially offset by lower revenue from aviation 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 | For the six-month period ended 30 June 2026, the Company recorded gross profit growth of 7.6% driven by growth in sales, on the other hand the net profit decrease to SAR 128.0 million, compared to SAR 140.2 million in the corresponding period of 2025. The decrease is mainly attributable to the regional disruptions that led to reductions in flights and meals. Profitability was also affected by higher finance costs associated with accounting for lease liabilities (under IFRS 16) and project financing, lower finance income from interests on deposit, a higher allowance for expected credit losses, and a higher share of loss from investments in associates and joint ventures. Accordingly, earnings per share amounted to SAR 1.56 for the six-month period ended 30 June 2026, compared to SAR 1.71 in the corresponding period of 2025, in line with the decrease in net profit. |
| 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 | NA |
| Additional Information | - |