On 2026-08-10 08:20:32 (Saudi Time), ARTEX Industrial Investment Co. 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, sales/revenue declined 9.651% YoY from SAR 0.30 million to SAR 0.27 million (converted from Thousands: 300.58/1,000 = SAR 0.30 million; 271.57/1,000 = SAR 0.27 million), primarily driven by lower sales volumes especially in local sales, compounded by the prevailing geopolitical situation. Net profit attributable to shareholders fell 16.78% YoY from SAR 0.01 million to SAR 0.01 million (14.66/1,000 = SAR 0.01 million; 12.20/1,000 = SAR 0.01 million), mainly due to the decline in sales revenue and a sharp increase in raw material prices, which also compressed gross profit margins from SAR 0.04 million to SAR 0.03 million (38.36/1,000 vs. 31.49/1,000).

Quarter-on-Quarter Performance Drivers

QoQ revenue declined 20.627% to SAR 0.12 million (converted from SAR 120.17 thousands) from SAR 0.15 million (converted from SAR 151.4 thousands) in the previous quarter, driven primarily by seasonal demand suppression historically seen in Q2 versus Q1, compounded by the prevailing geopolitical situation. The sharp drop in revenue, combined with increased raw material costs, caused the company to swing from a net profit of SAR 0.01 million (converted from SAR 14.27 thousands) in Q1 to a net loss of SAR 0.00 million (converted from SAR 2.07 thousands) in Q2. --- Wait — I need to re-examine the units. The figures are in **Thousands** SAR, so I divide by 1,000 to convert to millions. - Revenue current quarter: 120.17 thousands ÷ 1,000 = **SAR 0.12 million** - Revenue previous quarter: 151.4 thousands ÷ 1,000 = **SAR 0.15 million** - Net profit previous quarter: 14.27 thousands ÷ 1,000 = **SAR 0.01 million** - Net loss current quarter: 2.07 thousands ÷ 1,000 = **SAR 0.00 million** QoQ revenue fell 20.627% to SAR 0.12 million from SAR 0.15 million in the prior quarter, primarily attributable to seasonal demand suppression that historically occurs in Q2 relative to Q1, further exacerbated by the prevailing geopolitical situation. Alongside lower sales, a rise in raw material costs drove the company to record a net loss of SAR 0.00 million in the current quarter, reversing the net profit of SAR 0.01 million earned in Q1.

Other Items

ARTEX Industrial Investment Co.'s interim financial results for the six months ended June 30, 2026 received an unmodified conclusion from the external auditor, with no additional comments, reservations, or adverse opinions noted. No accumulated losses or fair value changes on investment properties were reported. Total shareholders' equity (after deducting minority equity) stood at SAR 1,069.85 thousand as of the current period, compared to SAR 1,044.42 thousand in the same period of the prior year, reflecting a 2.434% increase. Earnings per share for the current period were SAR 0.15, down from SAR 0.18 in the prior year period. The company noted that certain prior period figures have been reclassified to conform with the current period's presentation, and that there are no minority rights.

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