Discover the Top Profit Makers: Saudi Stock Market Q1 2026 Profit Ranking Report
SAUDI ARAMCO 2222.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 | |
SNB 1180.SA | 0.00 | |
STC 7010.SA | 0.00 | |
RIBL 1010.SA | 0.00 |
Overview
In the first quarter of 2026, the combined net profits of companies listed on the Saudi stock market surged significantly. Excluding Saudi Aramco, aggregate profits increased by 13% year-on-year (YoY) to reach SAR 46.3 billion, mainly driven by the banking, petrochemicals, and energy sectors. When including Aramco, total listed profits soared by 22% YoY, standing at SAR 166.5 billion, with Aramco alone accounting for over 72% of the market's overall earnings due to a remarkable profit jump of 26% YoY.
The energy sector remained the primary contributor, accounting for 74.5% of market earnings, followed by the banking sector at 14.4% and telecommunications at 2.9%. Profits at Bahri more than quadrupled to SAR 2.15 billion, while Petro Rabigh shifted from losses to a SAR 1.47 billion profit.
Top 10 Profitable Companies, Q1 2026
| Company | Q1 2025 (SAR mln) | Q1 2026 (SAR mln) | YoY Change % |
|---|---|---|---|
| Saudi Arabian Oil Co.(2222.SA) | 95,676.0 | 120,131.0 | +26% |
| Al Rajhi Bank(1120.SA) | 5,906.0 | 6,751.6 | +14% |
| The Saudi National Bank(1180.SA) | 6,021.9 | 6,422.9 | +7% |
| Saudi Telecom Co.(7010.SA) | 3,649.0 | 3,696.3 | +1% |
| Riyad Bank(1010.SA) | 2,486.0 | 2,613.5 | +5% |
| National Shipping Company of Saudi Arabia(4030.SA) | 532.8 | 2,149.2 | +303% |
| Saudi Awwal Bank(1060.SA) | 2,135.3 | 2,086.2 | (2%) |
| Alinma Bank(1150.SA) | 1,508.0 | 1,678.5 | +11% |
| Saudi Arabian Mining Co.(1211.SA) | 1,550.0 | 1,635.8 | +6% |
| Rabigh Refining and Petrochemical Co.(2380.SA) | (690.8) | 1,466.2 | -- |
Leading Loss-Making Companies, Q1 2026
| Company | Q1 2025 (SAR mln) | Q1 2026 (SAR mln) | YoY Change % |
|---|---|---|---|
| Saudi Kayan Petrochemical Co.(2350.SA) | (775.8) | (614.6) | +21% |
| Saudi Energy Co.(5110.SA) | (1,194.0) | (403.0) | +66% |
| National Industrialization Co.(2060.SA) | 895.8 | (341.3) | -- |
| Sahara International Petrochemical Co.(2310.SA) | 195.3 | (215.3) | -- |
| Emaar The Economic City(4220.SA) | (123.0) | (180.0) | (46%) |
| Saudi Arabian Amiantit Co.(2160.SA) | 10.7 | (54.8) | -- |
| AFG International Co.(4240.SA) | 1.8 | (47.8) | -- |
| Al-Etihad Cooperative Insurance Co.(8170.SA) | (11.9) | (39.6) | (232%) |
| Saudi Automotive Services Co.(4050.SA) | 4.3 | (23.7) | -- |
| Southern Province Cement Co.(3050.SA) | (15.2) | (21.6) | (42%) |
Key Highlights
- 193 companies reported profits in Q1 2026, with 17 returning from loss to profitability.
- 46 companies posted losses, including 17 that switched from profit to loss.
- The energy sector (especially Aramco) was the clear market driver (+29% YoY for sector, +26% for Aramco).
Summary
In Q1 2026, profit growth of the Saudi market was broad-based but led overwhelmingly by energy (Aramco), with healthy increases in banking and telecommunications. The top ten companies accounted for the bulk of the market’s profitability, underscoring the importance of sector leaders in driving national earnings momentum.
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