Al-Babtain Power Reports SAR 294.8M Net Profit in the Six Months 2026
ALBABTAIN 2320.SA | 0.00 |
On 2026-08-05 15:33:00 (Saudi Time), Al-Babtain Power and Telecommunication Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 809.9 | 687.5 | 17.803 | 747.9 | 8.289 |
| Gross Profit (Loss) | 208 | 156.9 | 32.568 | 187.3 | 11.051 |
| Operational Profit (Loss) | 186 | 130.7 | 42.31 | 164 | 13.414 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 151.6 | 97.7 | 55.168 | 143.3 | 5.792 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 159.1 | 104 | 52.98 | 135.6 | 17.33 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,557.8 | 1,318.7 | 18.131 |
| Gross Profit (Loss) | 395.4 | 301.6 | 31.1 |
| Operational Profit (Loss) | 350 | 252.5 | 38.613 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 294.8 | 185.9 | 58.579 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 294.7 | 175 | 68.399 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,572.9 | 1,182.7 | 32.992 |
| Profit (Loss) per Share | 4.61 | 2.91 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, Al-Babtain Power and Telecommunication Co. reported sales/revenue of SAR 1,557.8 million, up 18.131% YoY from SAR 1,318.7 million, driven primarily by increased sales in the Towers and Steel Structures sector and the Design, Supply and Installation sector. Net profit attributable to shareholders rose 58.579% YoY to SAR 294.8 million from SAR 185.9 million, supported by higher revenues, improvements in productivity, cost reductions, and enhanced profit margins. Gross profit also improved significantly by 31.1% YoY to SAR 395.4 million, reflecting stronger operational efficiency across the business.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 8.289% to SAR 809.9 million, driven by higher sales in the Towers and Steel Structures sector. Net profit attributable to shareholders increased 5.792% QoQ to SAR 151.6 million, supported by the revenue growth and improvement in profit margins.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or reservations noted. No accumulated losses or fair value changes on investment properties were reported. Certain comparative figures have been reclassified to conform to the current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97293&anCat=1&cs=2320&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.