Khaled Dhafer Logistics Reports SAR 4.19M Net Loss in the Six Months 2026
KDL 9653.SA | 0.00 |
On 2026-08-26 15:48:15 (Saudi Time), Khaled Dhafer and Brothers for Logistics Services 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 | 26,900,556 | 34,716,073 | -22.512 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -4,194,097 | 2,414,224 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 42,839,246 | 47,898,911 | -10.563 | ||
| Profit (Loss) per Share | -1.2 | 0.69 | |||
| 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 | - | - | |
| Accumulated Losses | - | - | |
| 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 decrease in revenue during the period by 22.51% is mainly attributed to regional and international geopolitical tensions and the resulting disruptions in trade flows and supply chains. These disruptions led to a notable surge in freight and maritime insurance costs, as well as delays in the arrival of vessels and shipments due to the rerouting of shipping lanes |
| 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 decrease in net profit during the period is mainly attributed to a 22.51% decline in revenue and a 28.6% drop in operational volume. This was driven by regional and international geopolitical tensions, which directly impacted operational volumes, trade flows, and supply chains |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Reclassification of Comparison Items |
| Additional Information | The Company continues to work on mitigating the impact of these challenges by enhancing operational efficiency, strengthening cost control, optimizing asset utilization, diversifying services and markets, and implementing an alternative commercial transport strategy. These measures contribute to bolstering the Company's resilience and sustaining its financial performance in the face of similar fluctuations and tensions |
Year-on-Year Performance Drivers
Sales declined 22.512% YoY to SAR 26.90 million (from SAR 34.72 million), primarily driven by regional and international geopolitical tensions that disrupted trade flows and supply chains, causing a surge in freight and maritime insurance costs and delays due to shipping lane rerouting. Net profit swung to a loss of SAR -4.19 million from a profit of SAR 2.41 million in the prior period, mainly attributable to the 22.51% revenue decline and a 28.6% drop in operational volume stemming from the same geopolitical pressures.
Other Items
Khaled Dhafer and Brothers for Logistics Services Co. reported an unmodified conclusion from its external auditor for the six-month period ending June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 42,839,246, a decline of 10.563% compared to SAR 47,898,911 in the same period of the prior year. Loss per share was SAR -1.2, compared to earnings per share of SAR 0.69 in the prior period. No accumulated losses or fair value changes in investment properties were reported. Comparison items were reclassified during the period. The company stated that it continues to work on mitigating the impact of these challenges by enhancing operational efficiency, strengthening cost control, optimizing asset utilization, diversifying services and markets, and implementing an alternative commercial transport strategy, noting these measures contribute to bolstering the company's resilience and sustaining its financial performance in the face of similar fluctuations and tensions.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97812&anCat=1&cs=9653&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.