GAS Arabian Services Reports SAR 80.92M Net Profit in the Six Months 2026
GAS 4146.SA | 0.00 |
On 2026-08-04 09:38:44 (Saudi Time), GAS Arabian Services 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 | 364,428,216 | 319,787,900 | 13.959 | 361,400,213 | 0.837 |
| Gross Profit (Loss) | 66,660,323 | 62,288,742 | 7.018 | 65,407,512 | 1.915 |
| Operational Profit (Loss) | 44,518,470 | 39,304,510 | 13.265 | 36,596,456 | 21.646 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 42,762,750 | 38,822,797 | 10.148 | 38,159,800 | 12.062 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 42,762,750 | 38,822,797 | 10.148 | 38,159,800 | 12.062 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 725,828,429 | 641,506,303 | 13.144 |
| Gross Profit (Loss) | 132,067,835 | 117,679,701 | 12.226 |
| Operational Profit (Loss) | 81,114,926 | 70,944,341 | 14.336 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 80,922,550 | 70,133,087 | 15.384 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 80,922,550 | 70,133,087 | 15.384 |
| Total Shareholders Equity (after Deducting Minority Equity) | 516,267,535 | 438,352,541 | 17.774 |
| Profit (Loss) per Share | 0.514 | 0.445 | |
| All figures are in (Actual) 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 (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, GAS Arabian Services Co. reported sales/revenue of SAR 72.58 million (converted from 725,828,429 Actual), up 13.144% YoY from SAR 64.15 million (converted from 641,506,303 Actual), driven by improved performance across technical service and manufacturing segments compared to the same period last year. Net profit attributable to shareholders rose 15.384% YoY to SAR 80.92 million (converted from 80,922,550 Actual) from SAR 70.13 million (converted from 70,133,087 Actual), primarily due to revenue growth and an increased share of profit from joint ventures. Gross profit also improved by 12.226% YoY, reflecting stronger operational efficiency, while operational profit grew 14.336% YoY, further underpinning the overall earnings improvement.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose modestly by 0.837% from SAR 361.40 million (SAR 361,400,213(currency not specified in original) ÷ 1,000,000 = SAR 361.40 million) to SAR 364.43 million, driven by successful execution of orders. Net profit attributable to shareholders increased 12.062% QoQ from SAR 38.16 million to SAR 42.76 million, primarily due to revenue growth and an increased share of profit from joint ventures. Operational profit saw a stronger QoQ uplift of 21.646%, rising from SAR 36.60 million to SAR 44.52 million, reflecting improved operating efficiency alongside the top-line gain.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or reservations noted. Total shareholders' equity (after deducting minority equity) stood at SAR 516,267,535 as of the current period, up 17.774% from SAR 438,352,541 in the same period of the prior year. Earnings per share for the current six-month period were SAR 0.514, compared to SAR 0.445 in the same period last year. No reclassification of comparison items was reported, and no material risks or going concern issues were disclosed.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97240&anCat=1&cs=4146&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/17734_8047_2026-08-04_09-18-25_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.