Miahona Reports SAR 2.6M Net Profit in Three Months 2026
MIAHONA 2084.SA | 0.00 |
On 2026-05-10 08:13:49 (Saudi Time), Miahona Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 117.7 | 175.2 | -32.819 | 162.8 | -27.702 |
| Gross Profit (Loss) | 13.7 | 61.8 | -77.831 | 14.3 | -4.195 |
| Operational Profit (Loss) | 6.1 | 65.9 | -90.743 | - | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2.6 | 61.4 | -95.765 | -0.9 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 9.5 | 53 | -82.075 | 5.2 | 82.692 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 484.2 | 495.5 | -2.28 |
| Profit (Loss) per Share | 0.02 | 0.38 | |
| All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 32.819% YoY from SAR 175.2 million to SAR 117.7 million, primarily due to lower development income and construction revenue. Net profit dropped dramatically by 95.765% from SAR 61.4 million to SAR 2.6 million, driven by reduced development revenue and lower other income despite the significant revenue decline.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 27.70% from 162.8 million to 117.7 million, primarily due to lower construction revenue. Net profit improved from a loss of 0.9 million in the previous quarter to a profit of 2.6 million in the current quarter, mainly driven by reduced general and administrative expenses.
Other Items
Auditors issued an unmodified conclusion for the interim financial results. Total shareholders equity decreased 2.28% to SAR 484.2 million compared to the previous year. Earnings per share declined from SAR 0.38 to SAR 0.02 year-over-year. No material uncertainties or significant risks were disclosed in the auditor's report.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95122&anCat=1&cs=2084&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/20953_5846_2026-05-07_16-06-09_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.