Hawyia Auctions Reports SAR 9.11M Net Profit in the Six Months 2026
HAWYIA 9641.SA | 0.00 |
On 2026-08-26 15:43:03 (Saudi Time), Hawyia Auctions Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 16,477,730 | 49,788,012 | -66.904 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 9,113,691 | 17,246,874 | -47.157 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 54,628,142 | 44,294,595 | 23.329 | ||
| Profit (Loss) per Share | 0.46 | 0.86 | |||
| 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 | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The Company’s revenues decreased during the first half of 2026 compared to the corresponding period of the previous year, mainly due to changes in the real estate market, which affected the execution of projects. Although the current period witnessed work on larger-scale projects and opportunities compared to the corresponding period of the previous year, project execution was affected by these changes, which in turn impacted the revenues generated during the period. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The Company’s net profit also decreased during the first half of 2026 compared to the corresponding period of the previous year, mainly due to the decrease in revenues generated during the current period compared to the corresponding period of the previous year, as a result of the reasons mentioned above. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified, where necessary, to conform to the presentation adopted in the current period. No material reclassifications were made during the period. |
Year-on-Year Performance Drivers
Sales/Revenue declined 66.904% YoY from SAR 49.79 million to SAR 16.48 million during the first half of 2026, primarily due to changes in the real estate market that disrupted project execution, despite the company working on larger-scale projects compared to the prior period. Net profit attributable to shareholders fell 47.157% YoY from SAR 17.25 million to SAR 9.11 million, directly driven by the aforementioned revenue decline resulting from the same market-related factors affecting project delivery.
Other Items
Hawyia Auctions Co.'s interim financial results for the six months ended June 30, 2026 received an unmodified conclusion from the external auditors. Total shareholders' equity (after deducting minority equity) increased 23.329% to SAR 54,628,142 compared to SAR 44,294,595 in the same period of the prior year. Earnings per share stood at SAR 0.46 for the current period, down from SAR 0.86 in the corresponding prior-year period. Certain comparative figures were reclassified to conform to the current period's presentation, with no material reclassifications noted.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97809&anCat=1&cs=9641&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.