Batic Investments Reports SAR 12.25M Net Profit in Three Months 2026
BATIC 4110.SA | 0.00 |
On 2026-05-05 08:01:21 (Saudi Time), Batic Investments and Logistics Co. announced its interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 136,782,788 | 113,703,895 | 20.297 | 139,251,402 | -1.772 |
| Gross Profit (Loss) | 18,960,190 | 9,939,234 | 90.761 | 17,815,580 | 6.424 |
| Operational Profit (Loss) | 10,644,427 | 19,775,891 | -46.174 | 8,892,726 | 19.698 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 12,250,125 | 13,694,503 | -10.547 | 1,099,367 | 1,014.288 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 12,250,125 | 13,694,503 | -10.547 | 1,599,336 | 665.95 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 430,197,990 | 404,992,682 | 6.223 |
| Profit (Loss) per Share | 0.02 | 0.023 | |
| 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 | - | - | |
| Accumulated Losses | -25,114,542 | 4.19 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 20.297% YoY to 136.78 million driven by a 1210% surge in real estate investment revenues from Al Khuzama Project sales and a 64% increase in security guards sector revenues from new project expansion. Net profit declined 10.547% YoY to 12.25 million primarily because the prior year included non-recurring gains of 19.6 million from contract cancellations. However, gross profit increased 90.761% due to higher revenues, while general administrative expenses decreased 13% and finance costs dropped 58%, partially offsetting the impact of the prior year's exceptional gains.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 1.77% to 136.78 million due to an 11% decrease in ATM feeding segment revenues, 5% drop in facilities management revenues, and 15% decline in real estate investment revenues, partially offset by 11% growth in security guards sector and 5% increase in land transportation revenues. Net profit surged 1,014.29% to 12.25 million, driven by 6.42% gross profit growth from reduced cost ratios, recognition of 4.4 million in unrealized investment gains versus 3.8 million losses in the previous quarter, and 22% reduction in finance costs.
Other Items
The auditors issued an unmodified conclusion with an emphasis of matter regarding Note 19-1, which describes that one of the Group subsidiaries has received payment notices and invoices arising from contracts cancelled by various municipalities, with the subsidiary formally objecting and initiating legal proceedings where final court decisions remain pending. Accumulated losses reached 25,114,542 SAR, representing 4.19% of capital. Comparative figures were restated to correct accounting treatment of certain government fees with retrospective recognition in the financial statements.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94937&anCat=1&cs=4110&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/7585_447_2026-05-05_00-13-33_en.pdfImportant 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.