Alghaz Waltsnae Company Eligibility Alqabida announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )

Net profit for the first half of 2026 reached SAR 141.4 million, a 22.04% increase from SAR 115.86 million in the same period last year, with earnings per share rising from SAR 1.54 to SAR 1.88.
Total revenue for the six-month period grew 17.09% to SAR 1.85 billion, driven largely by a SAR 220 million surge in gas sales due to higher pricing and volumes, plus gains in commercial projects and transportation services.
While gross profit for the half-year rose by SAR 40.9 million, the bottom line was partially tempered by a SAR 10.4 million increase in operating expenses and a SAR 4.7 million rise in Zakat charges.
Quarterly performance showed a contraction compared to the previous quarter, with net profit declining 27.98% to SAR 59.2 million due to an 8% dip in revenue from lower gas and cylinder sales, alongside rising Zakat and operating costs.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	884.9	740.1	19.564	962.4	-8.052
Gross Profit (Loss)	123.1	104.4	17.911	137.6	-10.537
Operational Profit (Loss)	53.6	38.8	38.144	70.4	-23.863
Net Profit (Loss) Attributable to Shareholders of the Issuer	59.2	53.9	9.833	82.2	-27.98
Total Comprehensive Income Attributable to Shareholders of the Issuer	55.8	71.37	-21.815	240.4	-76.788
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	1,847.3	1,577.71	17.087
Gross Profit (Loss)	260.6	219.74	18.594
Operational Profit (Loss)	124	93.49	32.634
Net Profit (Loss) Attributable to Shareholders of the Issuer	141.4	115.86	22.043
Total Comprehensive Income Attributable to Shareholders of the Issuer	296.2	108.18	173.802
Total Shareholders Equity (after Deducting Minority Equity)	2,152	1,928.17	11.608
Profit (Loss) per Share	1.88	1.54
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	The increase in revenues by SR 144.8 million is mainly due to the following: - Increase in gas sales by SR 116.5 million due to the increase in gas prices and volume. - Increase in revenues from commercial projects by SR 14.5 million. -Increase in transportation services revenues by SR 14.1 million.
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 by SR 5.3 million is mainly due to the following: - Increase in gross profit by SR 18.6 million as a result of increase in revenues. -Increase in share of results of associates by SR 2.7 million. Despite the: - Increase in operating expenses by SR 3.8 million. -Decrease in investment and finance income by SR 5.0 million. - Increase in zakat expense by SR 7.2 million.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The decrease in revenues by SR 77.5 million is mainly due to the following: - Decrease in gas sales by SR 70.1 million . - Decrease in sales of empty cylinders and accessories by SR 23.4 million. Despite the: -Increase in transportation services and project revenues by SR 16 million.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The decrease in net profit by SR 23.0 million is mainly due to the following: - Decrease in gross profit by SR 14.5 million as a result of decrease in revenues. - Increase in operating expenses by SR 2.4 million. - Increase in zakat expense by SR 4.3 million.
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 revenues by SR 269.6 million is mainly due to the following: - Increase in gas sales by SR 220 million due to the increase in gas prices and volume. - Increase in revenues from commercial projects by SR 23 million. -Increase in transportation services revenues by SR 15 million. - Increase in sales of empty cylinders by SR 5 million. - Increase in revenues from other services by SR 6.6 million.
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 by SR 25.5 million is mainly due to the following: - Increase in gross profit by SR 40.9 million as a result of increase in revenues. -Increase in share of results of associates by SR 4 million. Despite the: -Increase in operating expenses by SR 10.4 million. -Decrease in investment and finance income by SR 6.9 million. - Increase in zakat expense by SR 4.7 million.
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	-