BinDawood Reports SAR 70.13M Net Profit in Three Months 2026
BINDAWOOD 4161.SA | 0.00 |
On 2026-05-11 08:01:04 (Saudi Time), BinDawood Holding 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 | 1,811,439,047 | 1,674,385,176 | 8.185 | 1,669,845,519 | 8.479 |
| Gross Profit (Loss) | 580,082,078 | 528,700,362 | 9.718 | 583,015,591 | -0.503 |
| Operational Profit (Loss) | 110,217,351 | 92,784,906 | 18.788 | 146,919,602 | -24.981 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 70,128,387 | 67,123,338 | 4.476 | 108,911,002 | -35.609 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 65,972,392 | 71,581,263 | -7.835 | 114,352,581 | -42.307 |
| 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) | 1,596,009,724 | 1,357,230,479 | 17.593 |
| Profit (Loss) per Share | 0.06 | 0.06 | |
| 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 | |||
Year-on-Year Performance Drivers
Sales increased 8.19% YoY to SAR 1,811.44 million, driven by strong operational performance across retail, distribution, and tech sectors, including new store openings, pharmacy acquisitions, and strategic brand additions. Net profit rose 4.48% YoY to SAR 70.13 million, supported by improved gross profit margins (32% vs 31.6%) and 18.79% growth in operating profit, though partially offset by higher financing costs from expansion activities and acquisitions.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 8.48% to SAR 1,811.44 million driven by favorable seasonal shifts, new store openings providing full-quarter contributions, and integration of acquisitions including Toy Triangle. Net profit declined 35.61% to SAR 70.13 million due to gross margin compression from timing of supplier rebates that were recognized in Q4 2025, higher operating expenses from new locations and acquisition costs, and increased financing costs from new lease agreements and external borrowing for the retail pharmacy acquisition.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Total shareholders equity increased 17.593% to SAR 1,596,009,724 compared to the previous year. Earnings per share remained stable at SAR 0.06. The company reported no accumulated losses, with profit from investment property fair value changes showing nil amounts. Key balance sheet changes included increases in non-current assets from higher right-of-use assets, slight rises in current assets from inventories and receivables, higher current liabilities from increased accounts payable and Zakat obligations, elevated non-current liabilities from lease obligations, and improved total equity from retained earnings growth.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95200&anCat=1&cs=4161&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/16909_1821_2026-05-10_23-03-00_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.