Alkhorayef Water Reports SAR 128.12M Net Profit in the Six Months 2026
AWPT 2081.SA | 0.00 |
On 2026-08-03 15:46:02 (Saudi Time), Alkhorayef Water and Power Technologies 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 | 515,645 | 645,976 | -20.175 | 512,879 | 0.539 |
| Gross Profit (Loss) | 122,664 | 118,452 | 3.555 | 110,710 | 10.797 |
| Operational Profit (Loss) | 79,088 | 70,420 | 12.309 | 74,825 | 5.697 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 63,648 | 61,656 | 3.23 | 64,476 | -1.284 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 80,993 | 62,898 | 28.768 | 65,558 | 23.544 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,028,524 | 1,282,326 | -19.792 |
| Gross Profit (Loss) | 233,375 | 219,609 | 6.268 |
| Operational Profit (Loss) | 153,913 | 144,703 | 6.364 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 128,124 | 119,810 | 6.939 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 146,552 | 100,940 | 45.187 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,062,261 | 824,683 | 28.808 |
| Profit (Loss) per Share | 3.66 | 3.42 | |
| All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, sales/revenue declined 19.792% YoY to SAR 1,028.52 million (from SAR 1,282.33 million), primarily due to the completion and handover of projects as the company transitions to new contracts. Despite the revenue decline, net profit attributable to shareholders rose 6.939% YoY to SAR 128.12 million (from SAR 119.81 million), driven mainly by a 6.268% improvement in gross profit and a 6.364% increase in operating profit, reflecting enhanced operational efficiency and cost management during the transition period.
Quarter-on-Quarter Performance Drivers
QoQ revenue was nearly flat at SAR 515.65 million (converted from Thousands: 515,645 / 1,000 = SAR 515.65 million), up just 0.539%, supported by continued execution on ongoing projects. Net profit attributable to shareholders edged down 1.284% QoQ to SAR 63.65 million (converted: 63,648 / 1,000 = SAR 63.648 million), despite a 5.697% increase in operating profit, suggesting higher below-the-line costs offset operational gains.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or qualifications noted. Some comparison numbers have been reclassified to be consistent with the current presentation. No material risks, going concern uncertainties, debt covenant breaches, or accumulated losses were disclosed in this announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97201&anCat=1&cs=2081&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.