CATRION Reports SAR 127.97M Net Profit in the Six Months 2026
CATRION 6004.SA | 0.00 |
On 2026-08-02 08:11:08 (Saudi Time), CATRION Catering Holding Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 688,127 | 571,453 | 20.417 | 664,072 | 3.622 |
| Gross Profit (Loss) | 167,572 | 159,160 | 5.285 | 186,340 | -10.071 |
| Operational Profit (Loss) | 76,997 | 77,409 | -0.532 | 103,242 | -25.42 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 47,561 | 65,388 | -27.263 | 80,412 | -40.853 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 44,839 | 62,662 | -28.443 | 82,484 | -45.639 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,352,199 | 1,160,840 | 16.484 |
| Gross Profit (Loss) | 353,913 | 329,049 | 7.556 |
| Operational Profit (Loss) | 180,240 | 164,351 | 9.667 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 127,973 | 140,166 | -8.698 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 127,324 | 137,440 | -7.36 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,607,877 | 1,494,956 | 7.553 |
| Profit (Loss) per Share | 1.56 | 1.71 | |
| 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 | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ended 30 June 2026, sales increased 16.484% YoY to SAR 1,352.20 million (from SAR 1,160.84 million), driven primarily by higher non-aviation sector revenue including the Red Sea Project and the consolidation of Al Khalejiah Catering Company from 1 March 2026, partially offset by lower aviation revenue. Despite gross profit growing 7.556% YoY, net profit attributable to shareholders declined 8.698% YoY to SAR 127.97 million (from SAR 140.17 million), as regional disruptions led to reductions in flights and meals. Profitability was further pressured by higher finance costs related to lease liabilities (IFRS 16) and project financing, lower finance income from deposit interest, a higher allowance for expected credit losses, and a greater share of losses from investments in associates and joint ventures, resulting in EPS falling to SAR 1.56 from SAR 1.71.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 3.6% to SAR 688.13 million (SAR 0.69 million after conversion) from SAR 664.07 million in Q1 2026, driven by higher non-aviation revenue including the Red Sea Project and a full-quarter contribution from Al Khalejiah Catering Company (consolidated from March, contributing only one month in Q1). However, net profit attributable to shareholders fell 40.853% QoQ to SAR 47.56 million from SAR 80.41 million, primarily due to regional disruptions that reduced flights and meals volumes. Profitability was further pressured by lower finance income from deposit interest, a higher allowance for expected credit losses, and a greater share of losses from investments in associates and joint ventures.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or reservations noted. No material risk warnings, going concern issues, or debt covenant breaches were disclosed in this announcement. Total shareholders' equity (after deducting minority equity) stood at SAR 1,607,877 thousand as of 30 June 2026, compared to SAR 1,494,956 thousand in the same period of the prior year, representing a 7.553% increase. No accumulated losses or fair value changes in investment properties were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97142&anCat=1&cs=6004&locale=arImportant 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.