On 2026-08-05 15:49:22 (Saudi Time), Fitaihi Holding Group announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending 30 June 2026, sales/revenue declined 2.156% YoY to SAR 32.53 million (SAR 0.03 million) from SAR 33.25 million (SAR 0.03 million), primarily driven by a decrease in the company's share of results from an associate to SAR 0.6 million in H1-2026 from SAR 3 million in H1-2025, and a decline in dividends from equity instruments at fair value through comprehensive income to SAR 8.5 million in H1-2026 from SAR 10 million in H1-2025, partially offset by a 15.8% increase in direct sales reaching SAR 23.4 million versus SAR 20.2 million in H1-2025. Net profit attributable to shareholders fell 51.647% YoY to SAR 3,023,798(currency not specified in original) / 1,000,000 = SAR 0.00 million, as the same revenue headwinds were compounded by a 7.8% increase in selling, distribution, general, administrative, and other expenses, which rose to SAR 13.8 million in H1-2026 from SAR 12.8 million in H1-2025.

Quarter-on-Quarter Performance Drivers

QoQ revenue surged 79.582% to SAR 20.90 million (SAR 20,896,267(currency not specified in original) / 1,000,000 = 20.90 million) from SAR 11.64 million in the prior quarter, primarily driven by a significant increase in dividends received from equity instruments at fair value through comprehensive income (SAR 7.7 million in Q2-2026 vs. SAR 0.8 million in Q1-2026), and a swing in the associate's results from a loss of SAR 2.2 million in Q1-2026 to a profit of SAR 2.8 million in Q2-2026, partially offset by a 20% decline in direct sales (SAR 10.4 million vs. SAR 13 million). Net profit turned positive at SAR 7.38 million from a loss of SAR 4.36 million in the prior quarter, supported by the same revenue drivers alongside a 6.8% reduction in selling, distribution, general, and administrative expenses (SAR 6.8 million vs. SAR 7.3 million) and a 44.4% decrease in Zakat expense (SAR 0.5 million vs. SAR 0.9 million).

Other Items

The external auditor issued an unmodified conclusion on the interim financial results for the six-month period ended 30 June 2026, with no additional comments, reservations, or other matters noted. No accumulated losses or fair value changes in investment properties were reported. Total shareholders' equity (after deducting minority equity) stood at SAR 468,172,760 as of the current period, compared to SAR 483,988,822 in the same period of the prior year, a decline of 3.267%. Total comprehensive income attributable to shareholders of the issuer turned negative at SAR -9,005,118 for the current six-month period, compared to SAR 7,570,321 in H1-2025. Earnings per share for the current period were SAR 0.01, down from SAR 0.02 in the same period of the prior year.

Original announcement:

Important 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.