On 2026-08-11 08:02:46 (Saudi Time), Baazeem Trading 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 June 30, 2026, Baazeem Trading Company's sales/revenue increased by 10.797% YoY, reaching SAR 147.19 million (SAR 147,194,308 / 1,000,000) compared to SAR 132.85 million (SAR 132,850,395 / 1,000,000) in the same period of 2025, driven by higher demand across certain product categories. Net profit attributable to shareholders rose by 15.886% YoY to SAR 16.58 million (SAR 16,577,166 / 1,000,000) from SAR 14.30 million (SAR 14,304,619 / 1,000,000), primarily supported by the growth in sales revenue. On a quarterly basis, Q2 2026 sales grew 15.896% YoY to SAR 72.06 million (SAR 72,063,657 / 1,000,000), with net profit up 22.871% YoY to SAR 6.97 million (SAR 6,966,602 / 1,000,000), also attributable to the increase in sales volume across key company categories.

Quarter-on-Quarter Performance Drivers

QoQ revenue declined 4.082% to SAR 72.06 million (from SAR 75.13 million in Q1 2026), primarily driven by the elevated first-quarter sales attributable to the Ramadan season. Net profit fell 27.51% QoQ to SAR 6.97 million (from SAR 9.61 million), driven by a less favorable product mix across the company's brands. The gross profit margin also contracted slightly, with gross profit declining 2.18% QoQ, while the sharper drop in operating and net profit reflects higher relative operating costs in the current quarter.

Other Items

The external auditor issued a qualified opinion (described as "Conservation" in the report) on Baazeem Trading Company's interim condensed consolidated financial statements for the period ending June 30, 2026. The basis for the qualified conclusion relates to the Company's investment in Baazeem Trading Establishment in Qatar, which is legally registered under the name of Mr. Salem Saleh Baazeem (a major shareholder and Chairman of the Board of Directors) since 2008. As stated in the auditor's report: "the Company is still in the process of obtaining an independent legal opinion from a Qatari legal advisor to assess the enforceability of the Company's rights in the investment, including the possibility of converting Baazeem Trading Establishment (a sole proprietorship) owned by Mr. Salem Saleh Baazeem into a branch of Baazeem Trading Company," and consequently the auditors "were unable to complete our review of the legal aspects and rights related to the investment," noting that "had we been able to complete our review of the investment in Baazeem Trading Establishment (a sole proprietorship), matters might have come to our attention indicating that adjustments might be necessary to the condensed interim consolidated financial statements." Total shareholders' equity (after deducting minority equity) stood at SAR 211,416,966 as of June 30, 2026, up 4.494% from SAR 202,324,357 as of June 30, 2025, with earnings per share rising to SAR 0.16 from SAR 0.14 in the same prior-year period, based on a total share count of 101,250,000 shares. No accumulated losses were reported.

Original announcement:

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