Cherry Trading Reports SAR 34.66M Net Profit in the Six Months 2026
CHERRY 4265.SA | 0.00 |
On 2026-08-05 08:05:09 (Saudi Time), Cherry Trading 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 | 169,254.6 | 121,097.4 | 39.767 | 148,442.1 | 14.02 |
| Gross Profit (Loss) | 43,943.2 | 35,309.4 | 24.451 | 45,647.6 | -3.733 |
| Operational Profit (Loss) | 32,356.2 | 31,406.8 | 3.022 | 33,884.7 | -4.51 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 16,283.2 | 16,586.2 | -1.826 | 18,381.4 | -11.414 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 16,283.2 | 16,586.2 | -1.826 | 18,381.4 | -11.414 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 317,696.8 | 223,031.1 | 42.445 |
| Gross Profit (Loss) | 89,590.8 | 73,452.9 | 21.97 |
| Operational Profit (Loss) | 66,240.8 | 61,664.4 | 7.421 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 34,664.6 | 32,044.5 | 8.176 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 34,664.6 | 32,044.5 | 8.176 |
| Total Shareholders Equity (after Deducting Minority Equity) | 604,870.5 | 546,667.9 | 10.646 |
| Profit (Loss) per Share | 1.16 | 1.07 | |
| 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 ending 30 June 2026, Cherry Trading Co.'s sales/revenue increased by 42.445% YoY to SAR 317.70 million (from SAR 223.03 million), primarily driven by a 211% surge in used car sales revenue and a 15% increase in leasing revenue, supported by fleet expansion and new branch openings. Net profit attributable to shareholders rose 8.176% YoY to SAR 34.66 million (from SAR 32.04 million), mainly attributable to strong revenue growth, improved operational efficiency, and disciplined cost control, which strengthened both gross profit (up 21.97% YoY) and operating profit (up 7.421% YoY).
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 14.02% to SAR 169.25 million in Q2 2026 (vs. SAR 148.44 million in Q1 2026), driven by a 22% increase in used car sales revenue and an 11% increase in leasing revenue. Despite the revenue growth, net profit attributable to shareholders declined 11.414% QoQ to SAR 16.28 million (from SAR 18.38 million), primarily due to a higher expected credit loss (ECL) allowance on receivables. Gross profit also dipped slightly by 3.733% QoQ, reflecting margin pressure even as top-line volumes expanded.
Other Items
The external auditor issued an unmodified conclusion on Cherry Trading Co.'s interim financial results for the six months ended June 30, 2026, with an "Other matter" paragraph noted in the auditor's report. Total shareholders' equity (after deducting minority equity) stood at SAR 604,870.5 thousand as of the current period, up 10.646% from SAR 546,667.9 thousand in the same period of the prior year. Earnings per share for the current period were SAR 1.16, compared to SAR 1.07 in the same period of the prior year. No reclassification of comparison items was reported, and no additional information was disclosed.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97263&anCat=1&cs=4265&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.