Budget Saudi Reports SAR 34.45M Net Profit in Three Months 2026
BUDGET SAUDI 4260.SA | 0.00 |
On 2026-05-07 08:02:22 (Saudi Time), The United International Transportation Company (Budget Saudi) 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 | 552,350 | 543,413 | 1.644 | 700,856 | -21.189 |
| Gross Profit (Loss) | 122,628 | 173,999 | -29.523 | 165,708 | -25.997 |
| Operational Profit (Loss) | 58,481 | 107,119 | -45.405 | 133,559 | -56.213 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 34,452 | 82,761 | -58.371 | 97,106 | -64.521 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 34,452 | 82,761 | -58.371 | 113,336 | -69.601 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 2,976,471 | 2,780,032 | 7.066 |
| Profit (Loss) per Share | 0.33 | 0.79 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased modestly by 1.644% YoY to SAR 552.35 million, driven by limited improvements in long-term rental, logistics services, and vehicle sales segments, though growth remained constrained by regional geopolitical tensions. Net profit declined significantly by 58.371% YoY to SAR 34.45 million, primarily due to increased depreciation expenses, lower short-term rental utilization rates, higher vehicle total loss cases and insurance costs, increased accounts receivable provisions, and rising operating expenses that outpaced the modest revenue growth.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 21.19% from 700.86 million to 552.35 million SAR, primarily due to decreased short-term rental utilization rates amid regional conditions and reduced used vehicle sales in both quantities and prices. Net profit dropped 64.52% from 97.11 million to 34.45 million SAR, driven by increased depreciation expenses, higher vehicle total loss cases, elevated insurance costs, and rising operating expenses while revenues declined.
Other Items
The external auditor issued an unmodified conclusion with no comments or qualifications mentioned in the report. The company reported no accumulated losses, with total shareholders equity increasing 7.066% to SAR 2,976,471 thousand. Earnings per share decreased from SAR 0.79 to SAR 0.33. Certain comparative figures were reclassified to conform with current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95054&anCat=1&cs=4260&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/19052_461_2026-05-06_23-32-40_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.