AlSaif Stores for Development and Investment Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )

AlSaif Stores reported a net profit of SAR 39.95 million for the first half of 2026, representing a 9.1% year-on-year increase compared to SAR 36.62 million in the same period last year.
Six-month revenue grew 13.5% to reach SAR 411.77 million, driven by a 31% surge in e-commerce sales and improved physical store performance despite broader geopolitical challenges and a slowdown in consumer spending.
Quarterly results showed a significant 95.8% decline in net profit compared to the previous quarter (Q1 2026), as sales normalized following the exceptionally high demand typically recorded during the Ramadan season.
The company's financial position strengthened with total shareholders' equity rising 8.3% to SAR 515.39 million, and management announced a new branch opening in Riyadh with financial impacts expected to materialize in the third quarter.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	138,580,672	133,506,065	3.801	273,187,831	-49.272
Gross Profit (Loss)	26,706,913	25,968,034	2.845	72,112,345	-62.964
Operational Profit (Loss)	3,034,942	4,121,780	-26.368	40,353,687	-92.479
Net Profit (Loss) Attributable to Shareholders of the Issuer	1,619,765	1,453,776	11.417	38,326,775	-95.773
Total Comprehensive Income Attributable to Shareholders of the Issuer	1,619,765	1,453,776	11.417	38,326,775	-95.773
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	411,768,501	362,761,426	13.509
Gross Profit (Loss)	98,819,256	93,788,303	5.364
Operational Profit (Loss)	43,388,626	42,063,111	3.151
Net Profit (Loss) Attributable to Shareholders of the Issuer	39,946,537	36,615,237	9.098
Total Comprehensive Income Attributable to Shareholders of the Issuer	39,946,537	36,615,237	9.098
Total Shareholders Equity (after Deducting Minority Equity)	515,391,313	475,826,367	8.314
Profit (Loss) per Share	0.11	0.1
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 increase in sales was attributable to the following: Despite geopolitical challenges and a slowdown in consumer spending, the Company recorded 3.8% sales growth compared to the corresponding quarter of the previous year. This growth was primarily driven by: 1. Stronger sales across selected product categories, contributing to improved overall sales performance. 2. A 9.1% increase in e-commerce sales. 3. Enhanced effectiveness of promotional campaigns.
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 increase in net profit was attributable to the following: 1. Sales increased by 3.8%. 2. Gross profit grew by 2.8%, supported by higher sales. 3. A notable increase was recorded in other income..
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The decline in sales is primarily attributed to. The decrease in sales was mainly driven by the exceptionally strong demand recorded during the Ramadan season in the preceding quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The decline in net profit is primarily due to 1-Decline in sales
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 was attributable to the following: The Company achieved 13.5% year-on-year sales growth, driven by higher sales across several key product categories and enhancements to the customer shopping experience across both physical stores and the online platform, alongside 31.0% growth in e-commerce 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 increase in net profit was attributable to the following: Sales increased by 13.5%, while operating profit improved by 3.2%, driven by enhanced operational efficiency, higher other income, and improved efficiency of e-commerce operations.
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	N/A
Additional Information	The Company has commenced an assessment of the expected impact of adopting IFRS 18 – Presentation and Disclosure in Financial Statements, which becomes mandatory for annual reporting periods beginning on 1 January 2027. The preliminary assessment indicates that the adoption of the standard is expected to improve the reported operating profit as a result of the reclassification of certain items within the statement of profit or loss. The Company does not expect the reclassification to have any impact on net profit or total equity and continues to finalize its assessment of the standard's overall impact. The Company also announced the upcoming opening of a new branch in Riyadh. The financial impact of the new branch is expected to be reflected in the results for the third quarter.