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

Alkhorayef Water and Power Technologies reported a net profit of SAR 128.12 million for the first half of 2026, marking a 6.94% increase compared to SAR 119.81 million in the same period last year.
Total revenue for the six-month period fell by 19.79% to SAR 1.03 billion, a decline attributed to the completion and handover of several projects as the company transitions into the execution phase of new contracts.
Despite the decrease in revenue, the company achieved improved profitability margins, with operating profit rising 6.36% to SAR 153.91 million and gross profit increasing 6.27% year-on-year.
Earnings per share (EPS) rose to SAR 3.66 from SAR 3.42, while total shareholders' equity grew by 28.81% to reach SAR 1.06 billion, reflecting a strengthened balance sheet.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	515,645	645,976	-20.175	512,879	0.539
Gross Profit (Loss)	122,664	118,452	3.555	110,710	10.797
Operational Profit (Loss)	79,088	70,420	12.309	74,825	5.697
Net Profit (Loss) Attributable to Shareholders of the Issuer	63,648	61,656	3.23	64,476	-1.284
Total Comprehensive Income Attributable to Shareholders of the Issuer	80,993	62,898	28.768	65,558	23.544
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	1,028,524	1,282,326	-19.792
Gross Profit (Loss)	233,375	219,609	6.268
Operational Profit (Loss)	153,913	144,703	6.364
Net Profit (Loss) Attributable to Shareholders of the Issuer	128,124	119,810	6.939
Total Comprehensive Income Attributable to Shareholders of the Issuer	146,552	100,940	45.187
Total Shareholders Equity (after Deducting Minority Equity)	1,062,261	824,683	28.808
Profit (Loss) per Share	3.66	3.42
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	Revenue for this quarter reached SAR 515.65 million, a decrease of 20.18% compared to the same quarter of the previous year. The decline was mainly attributable to the completion and handover of projects, as the Company transitions to new contracts.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net profit for this quarter reached SAR 63.65 million, an increase of 3.23% compared to the same quarter of the previous year. This growth was primarily driven by a 3.56% rise in gross profit.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Revenue for this quarter reached 515.65 million riyals, broadly in line with the previous quarter, an increase of 0.54%. Revenue remained stable, supported by continued execution on ongoing projects.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	Net profit reached 63.65 million riyals for this quarter, a decrease of 1.28% compared to the previous quarter, despite a 5.70% increase in operating 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	Revenue for the current period reached SAR 1.03 billion, a decrease of 19.79% compared to the same period of the previous year. The decline was mainly attributable to the completion and handover of projects, as the Company transitions to new contracts.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Net profit for the current period reached 128.12 million riyals, an increase of 6.94% compared to the same period of the previous year. The increase was mainly driven by a 6.36% rise in operating 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)	N/A
Reclassification of Comparison Items	Some of the comparison numbers have been reclassified to be consistent with the present way of presentation.
Additional Information	-