On 2026-07-21 09:15:30 (Saudi Time), Aldrees Petroleum and Transport Services Co. (ALDREES) announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending 30 June 2026, Aldrees Petroleum and Transport Services Co. reported sales/revenue of SAR 14,158.8 million, up 17.604% YoY from SAR 12,039.3 million, driven primarily by the expansion in the number of operating service stations and an increase in the number of trucks. Net profit attributable to shareholders rose 18.411% YoY to SAR 234.1 million from SAR 197.7 million, supported by higher Petrol and Transport Division sales, increased income from bank deposits, Sukuk, and other income, although partially offset by a decline in joint venture project investment income and higher selling, marketing, general administrative expenses, financial costs, and Zakat.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 7.318% to SAR 7,329.3 million, driven by expansion in the number of operating service stations and an increase in the number of trucks. Net profit attributable to shareholders grew 12.534% QoQ to SAR 123.9 million, supported by higher Petrol and Transport division sales, increased Sukuk income, other income, and lower selling expenses, though partially offset by reduced bank deposit income, joint venture investment losses, higher general and administrative expenses, and increased financial costs. Total comprehensive income rose 22.745% QoQ to SAR 122.5 million, further boosted by the remeasurement of employees' defined benefit obligations.

Other Items

The external auditor issued an unmodified conclusion with no additional comments, reservations, or adverse opinions noted. No accumulated losses or fair value changes from investment properties were reported. Certain comparative figures for the previous quarter have been reclassified to conform with the current quarter's classification. Additionally, there were retrospective adjustments in the current period and the same quarter of the previous year related to the accounting treatment applied to Iqama issuance and renewal costs, which were recognized retrospectively in the prior period financial statements.

Original announcement:

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