Alfakhera Reports SAR 13.81M Net Profit in the Six Months 2026
ALFAKHERA 9618.SA | 0.00 |
On 2026-08-18 08:00:21 (Saudi Time), Alfakhera for Mens Tailoring Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 90,049,141 | 60,418,126 | 49.043 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 13,805,172 | 4,675,574 | 195.261 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 97,207,075 | 81,238,262 | 19.656 | ||
| Profit (Loss) per Share | 0.38 | 0.13 | |||
| 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 period compared to the same period of the last year is |
The Company’s revenues during the first half of the fiscal year 2026 amounted to approximately SAR (90) million, compared to approximately SAR (60.4) million for the corresponding period of the previous year, representing an increase of (49%). This increase is mainly attributable to the following:
- Continued progress in implementing the Company’s expansion and growth strategy through the opening of new branches, which resulted in an increase in the number of points of sale and enhanced the Company’s geographical presence. - The positive contribution of the subsidiary to the increase in the Company’s consolidated revenues during the period. - Increased demand for the Company’s products and higher commercial activity, which contributed to sales growth. |
| 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 Company’s net profit during the first half of the fiscal year 2026 amounted to approximately SAR (13.8) million, compared to approximately SAR (4.7) million for the corresponding period of the previous year, representing an increase of (195.3%). This increase is mainly attributable to the following:
- Growth in sales and improvement in gross profit during the period, in conjunction with the continued implementation of the Company’s expansion and growth strategy. - The positive contribution of the subsidiary to the increase in the Company’s consolidated net profit. - Improvement in profit margins as a result of increased revenues. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | N/A |
Year-on-Year Performance Drivers
Sales/Revenue increased 49.043% YoY to SAR 90.05 million (from SAR 60.42 million), driven by the continued execution of the Company's expansion strategy through the opening of new branches, which expanded its points of sale and geographical presence, along with the positive contribution of its subsidiary to consolidated revenues and increased demand for the Company's products. Net profit attributable to shareholders surged 195.261% YoY to SAR 13.81 million (from SAR 4.68 million), primarily due to strong sales growth and improvement in gross profit margins, supported by the subsidiary's positive contribution to consolidated net profit and enhanced profitability resulting from higher revenues.
Other Items
The external auditor issued an unmodified conclusion on the consolidated interim financial statements for the six months ended June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 97,207,075, compared to SAR 81,238,262 for the same period of the previous year, representing an increase of 19.656%. Earnings per share for the current period were SAR 0.38, compared to SAR 0.13 for the corresponding period of the prior year. No material risks, going concern uncertainties, debt covenant breaches, or accumulated losses as a percentage of capital were disclosed in the announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97667&anCat=1&cs=9618&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.