| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 30,864 | 27,722 | 11.333 | 21,336 | 44.656 |
| Gross Profit (Loss) | 7,293 | 7,351 | -0.789 | 3,806 | 91.618 |
| Operational Profit (Loss) | 6,630 | 6,758 | -1.894 | 3,172 | 109.016 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 4,891 | 5,284 | -7.437 | 1,833 | 166.83 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 5,106 | 5,091 | 0.294 | 1,965 | 159.847 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 52,200 | 47,222 | 10.541 |
| Gross Profit (Loss) | 11,099 | 10,225 | 8.547 |
| Operational Profit (Loss) | 9,802 | 9,106 | 7.643 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 6,723 | 6,252 | 7.533 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 7,071 | 5,843 | 21.016 |
| Total Shareholders Equity (after Deducting Minority Equity) | 257,343 | 259,985 | -1.016 |
| Profit (Loss) per Share | 0.53 | 0.45 | |
| All figures are in (Millions) 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 (Millions) 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 | Operating revenue increased for the current quarter compared to the corresponding quarter of the previous year, primarily due to: 1) higher required revenue recognized during the current quarter reflecting the expansion of the electric grid's regulated asset base and higher energy costs passthrough, 2) higher revenue from projects development and management contracts related to construction of substations and transmission lines on behalf of Saudi Energy’s (SE) customers, and 3) continued growth in the customer base. |
| 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 decrease in net profit for the current quarter compared to the corresponding quarter of the previous year was primarily driven by 1) higher operations and maintenance costs as a result of the increase in operating asset base and to support the reliability of the electrical service, and 2) higher net finance costs due to additional financing obtained to fund capital expenditure plans. These impacts were partially offset by the increase in operating revenue as mentioned above. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in revenue for the current quarter compared to the previous quarter was primarily attributable to seasonal power demand resulting in higher electricity sales volumes during the current 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 for the current quarter compared to the previous quarter was primarily reflecting the increase in operating revenue. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Operating revenue for the current period increased compared to the corresponding period of the previous year was primarily due to: 1) higher required revenue recognized during the current period reflecting the expansion of the grid's regulated asset base, 2) increased demand for power, 3) higher revenue from projects development and management contracts related to construction of substations and transmission lines on behalf of SE’s customers, and 4) continued growth in the customer base. |
| 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 period compared to the corresponding period of the previous year was primarily due to 1) higher required revenue recognized during the current period reflecting the expansion of the grid's regulated asset base, 2) higher revenue from electricity generation, supported by continued growth in demand, and 3) lower expected credit loss provisions for electricity consumers’ receivables reflecting improved collection performance. These positive impacts were partially offset by 1) higher operations and maintenance costs because of expanding operating asset base and to support the reliability of the electrical service, and 2) higher net finance costs due to additional financing obtained to support the implementation of the capital expenditure plans. |
| 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 | None |
| Additional Information | Net profit attributable to common shares for the six months ending 30 June 2026 (after deducting profit attributable to the Mudaraba Instrument of SAR 4,495 million) amounted to SAR 2,228 million compared to a net profit of SAR 1,864 million for the same period last year. Accordingly, basic and diluted earnings per share for the six months ending 30 June 2026 amounted to SAR 0.53 compared to SAR 0.45 for the same period last year, representing an increase of 17.8% year on year. SE will organize earnings conference call to discuss financial results for the period ending on 30-06-2026 (Six Months) with investors and financial analysts on Wednesday 12-08-2026 at 3:00 PM (KSA Time). Investors and analysts wishing to participate may register by contacting SE’s Investor Relations Department at: IR@se.com.sa |
| Attached Documents | Attached Documents |
