BRIEF-Arabian Drilling Qtrly Profit 7.1 Mln Riyals, Down 90.6% Y/Y

ARABIAN DRILLING

ARABIAN DRILLING

2381.SA

0.00

May 10 (Reuters) - Arabian Drilling Company SJSC 2381.SE:

  • ARABIAN DRILLING QTRLY NET PROFIT 7.1 MILLION RIYALS, Down 90.6% Y/Y

  • ARABIAN DRILLING Q1 SALES 821.6 MILLION RIYALS, Down 9.8% Y/Y

  • ARABIAN DRILLING - QUARTER SAW LOWER RIG UTILIZATION RATE

  • ARABIAN DRILLING - Q1 SAW FULL REVENUE IMPACT OF UNCONVENTIONAL RIGS AND A NEW BARGE

  • ARABIAN DRILLING - Q1 SAW LOWER GA

  • ARABIAN DRILLING - Q1 SAW LOWER DEPRECIATION COSTS

  • ARABIAN DRILLING - FLEET UTILIZATION IMPROVES TO 81.7% FOLLOWING RIG REACTIVATIONS DURING THE QUARTER

  • ARABIAN DRILLING - BACKLOG REACHED SAR 12.5 BILLION AS OF 31 MARCH 2026

  • ARABIAN DRILLING - Q1 2026 REVENUE IN LINE WITH GUIDANCE, DESPITE OFFSHORE SUSPENSIONS IN LATE MARCH

  • ARABIAN DRILLING - Q1 CASH FLOW FROM OPERATIONS (BEFORE WORKING CAPITAL CHANGES) INCREASED TO SAR 280.6 MILLION

  • ARABIAN DRILLING - CERTAIN OFFSHORE RIGS WERE TEMPORARILY SUSPENDED, ACTIVE LAND FLEET REMAINED UNAFFECTED IN Q1

  • ARABIAN DRILLING - RIGS SUSPENSIONS HAD A LIMITED IMPACT ON Q1 2026 PERFORMANCE

  • ARABIAN DRILLING - REMAIN OPERATIONALLY PREPARED TO RETURN SUSPENDED OFFSHORE RIGS TO SERVICE PROMPTLY ONCE RECALLED

  • ARABIAN DRILLING - EXPECT UTILIZATION TO IMPROVE AS ACTIVITY RESUMES

  • ARABIAN DRILLING - WE CONTINUE TO SELECTIVELY EXPAND OUR OPERATIONAL FOOTPRINT DURING 2026

  • ARABIAN DRILLING - EXPECTS Q2 REVENUES TO DECLINE BY UP TO 12.0% ON A SEQUENTIAL BASIS DUE TO THE SUSPENSION OF SOME OFFSHORE RIGS

  • ARABIAN DRILLING - FULL-YEAR 2026 CAPEX HAS BEEN REVISED SLIGHTLY DOWNWARD TO APPROXIMATELY SAR 700 MILLION

Source text: ID:nSSE9nx76w

Further company coverage: 2381.SE


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