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

Naqi Water Co. reported a net profit of SAR 8.87 million for the quarter ending June 30, 2026, marking a significant year-over-year increase of 86.3% and a 42.7% increase from the previous quarter. For the first six months of the year, net profit reached SAR 15.08 million, up 79.5% from the prior year, with earnings per share rising to SAR 0.75 from SAR 0.42.
Quarterly revenue grew 18.2% year-over-year to SAR 60.46 million, driven primarily by the company's strategic shift toward higher-margin retail sales in the water segment and expanded production capacity in the table egg segment. Total revenue for the six-month period reached SAR 112.13 million, supported by a 36% increase in retail water sales and an improved overall sales mix.
Operational profit for the quarter surged by 109.3% to SAR 8.94 million, fueled by improved manufacturing cost efficiency and higher gross margins, which rose 25.8% to SAR 24.07 million. Management noted that profit growth remained strong despite increased selling and distribution expenses associated with the ongoing expansion of the retail segment.
Total shareholders' equity stood at SAR 285.96 million as of June 30, 2026, a slight increase fr

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	60,458,114	51,166,611	18.159	51,676,721	16.992
Gross Profit (Loss)	24,068,395	19,132,793	25.796	18,825,342	27.851
Operational Profit (Loss)	8,936,314	4,270,017	109.28	3,499,111	155.388
Net Profit (Loss) Attributable to Shareholders of the Issuer	8,867,253	4,760,305	86.274	6,214,755	42.68
Total Comprehensive Income Attributable to Shareholders of the Issuer	9,043,203	4,455,731	102.956	5,995,413	50.835
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	112,134,835	95,639,612	17.247
Gross Profit (Loss)	43,078,623	35,120,861	22.658
Operational Profit (Loss)	12,237,971	6,987,056	75.152
Net Profit (Loss) Attributable to Shareholders of the Issuer	15,082,003	8,400,500	79.536
Total Comprehensive Income Attributable to Shareholders of the Issuer	15,038,610	8,308,320	81.006
Total Shareholders Equity (after Deducting Minority Equity)	285,961,575	282,231,831	1.321
Profit (Loss) per Share	0.75	0.42
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 quarter compared to the same quarter of the last year is	The reason of the increase in the sales/ revenues during the current quarter compared to the same quarter of the last year is The increase in revenue for the current quarter compared with the corresponding quarter of the previous year, by 18.2%, was primarily attributable to sales growth. This was driven by the Company’s continued strategy to expand retail sales relative to wholesale sales in the water segment, in addition to higher table egg sales resulting from the expansion projects previously announced to shareholders.
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 during the current quarter compared to the same quarter of the last year is The increase in net profit for the current quarter compared with the corresponding quarter of the previous year, by 86.3%, was mainly attributable to revenue growth and gross profit improvement , supported by the Company’s continued control over manufacturing costs. This contributed to higher operating profit, while net profit continued to grow despite the increase in selling and distribution expenses associated with the expansion of the retail segment.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason of the increase in the sales/ revenues during the current quarter compared to the previous one is The increase in revenue for the current quarter compared with the previous quarter, by 17%, was primarily attributable to growth in product sales and improved sales-channel performance, particularly retail sales in the water segment, in addition to higher table egg sales resulting from the increase in the project’s production capacity.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason of the increase in the net profit (loss) during the current quarter compared to the previous one is The increase in net profit for the current quarter compared with the previous quarter, by 43%, was attributable to improved gross profit and operating profit, supported by revenue growth and enhanced manufacturing cost efficiency, in addition to lower selling and distribution expenses compared with the previous quarter.
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 reason of the increase in the sales/ revenues during the current period compared to the same period of the last year is The increase in revenue for the current period compared with the corresponding period of the previous year, by 17%, was primarily attributable to sales growth, driven by a 36% increase in retail sales in the water segment and an improvement in the segment’s sales mix, in addition to higher table egg sales.
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 reason of the increase in the net profit during the current period compared to the same period of the last year is The increase in net profit for the current period compared with the corresponding period of the previous year, by 80%, was mainly attributable to revenue growth, an improved sales mix, and the Company’s continued control over manufacturing costs. This contributed to higher operating profit, while net profit continued to grow despite the increase in selling and distribution expenses associated with the expansion of the retail segment.
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	Certain comparative figures have been reclassified to conform to the current period's presentation; there is no material impact on net profit or equity.
Additional Information	-