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

Saudi Darb Investment Co. reported a net profit of SAR 2.19 million for the quarter ending June 30, 2026, representing a 39.6% year-on-year increase from SAR 1.57 million. For the cumulative six-month period, net profit reached SAR 3.16 million, up 9.16% compared to the same period in the previous year.
Total revenue for the quarter decreased by 12.9% to SAR 4.01 million, while six-month revenue fell 12.6% to SAR 8.01 million; management attributed this decline primarily to a 13% drop in occupancy rates.
Profitability growth was driven by a reversal of expected credit loss (ECL) provisions amounting to SAR 402,636 during the quarter—contrasting with an expense recognized in the prior year—alongside a 54% reduction in professional fees.
The auditor's report included an emphasis of matter regarding a SAR 26.14 million provision recognized for an asset exchange case with Al Satea Modern General Contracting Company, as the company expects the assets to be received are subject to substantial impairment due to obsolescence.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	4,010,806	4,604,174	-12.887	3,998,680	0.303
Gross Profit (Loss)	2,814,911	3,474,799	-18.99	2,890,631	-2.619
Operational Profit (Loss)	2,315,486	1,653,283	40.053	944,556	145.14
Net Profit (Loss) Attributable to Shareholders of the Issuer	2,194,151	1,571,578	39.614	968,758	126.491
Total Comprehensive Income Attributable to Shareholders of the Issuer	2,194,151	1,571,578	39.614	968,758	126.491
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	8,009,486	9,166,192	-12.619
Gross Profit (Loss)	5,705,542	6,980,832	-18.268
Operational Profit (Loss)	3,260,042	3,063,847	6.403
Net Profit (Loss) Attributable to Shareholders of the Issuer	3,162,909	2,897,488	9.16
Total Comprehensive Income Attributable to Shareholders of the Issuer	3,162,909	2,897,488	9.16
Total Shareholders Equity (after Deducting Minority Equity)	232,994,859	225,951,015	3.117
Profit (Loss) per Share	0.0145	0.0133
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	-	-
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 decrease in revenues during the current quarter compared to the corresponding quarter of the previous year, by 13%, is attributable to the decline in the occupancy rate
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 for the current quarter compared to the corresponding quarter of the previous year is primarily attributable to the following: The reversal of an expected credit loss (ECL) provision during the current quarter amounting to SAR 402,636, whereas an ECL provision expense of SAR 848,356 was recognized in the corresponding quarter of the previous year. A 54% reduction in professional fees during the current quarter compared to the corresponding quarter of the previous year."
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	There is no material change in sales/revenues during the current quarter compared to the previous quarter
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 during the current quarter compared to the previous quarter is attributed to: A reversal of expected credit loss provision during the current quarter amounting to 402,636, compared to recording an expected credit loss expense of 776,208 in 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 decrease in revenues for the current period compared to the corresponding period of the previous year is attributable to a 13% decline in the occupancy rate.
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 for the current quarter compared to the previous quarter is primarily attributable to the following: -Recognition of an expected credit loss (ECL) provision during the current period amounting to SAR 373,572, compared to an ECL provision expense of SAR 2,071,046 recorded in the corresponding period of the previous year. -The current period also witnessed a 36% reduction in professional fees compared to the corresponding period of the previous year."
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)	"Emphasis of a Matter We draw attention to notes (8 and 14) to the accompanying interim condensed financial statements, which describe the asset exchange case with Al Satea Modern General Contracting Company, whereby the Company has recognized a provision for the losses arising from the asset exchange contract with Al Satea Modern General Contracting Company amounting to SAR 26,136,823. The Company’s management believes that the assets expected to be received in exchange are not significant and are subject to substantial impairment due to their obsolescence. Accordingly, a provision has been recognized at the carrying amount of the performance obligations that the Company is committed to deliver to the other party. In addition, the previously issued judgment obligating Darb Saudi Investment Company to fulfill the terms of the contract with Al Satea Modern General Contracting Company has been upheld. Our conclusion is not modified in respect of this matter"
Reclassification of Comparison Items	no changes
Additional Information	"Earnings per share (EPS) are calculated based on the net results for the period attributable to the Company’s shareholders, divided by the weighted average number of shares outstanding. Diluted EPS is identical to basic EPS as the Company has no dilutive instruments outstanding during the period, as follows: Current period: 218,295,000 Corresponding period of the previous year: 218,295,000 Basic and diluted earnings per share attributable to the Company’s shareholders: Current period: 0.0145 Corresponding period of the previous year: 0.0133 Saudi Riyals per share"