MSGA Investment Reports SAR 10.60M Net Profit in the Six Months 2026
MSGA 9655.SA | 0.00 |
On 2026-08-26 09:57:38 (Saudi Time), MSGA Investment 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 | 55,308,602 | 57,669,149 | -4.093 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 10,599,725 | 22,430,466 | -52.744 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 145,730,063 | 122,430,466 | 19.03 | ||
| Profit (Loss) per Share | 0.11 | 0.22 | |||
| 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 slight decrease in revenues during the first half of 2026, compared to the same period of the previous year, is due to a change in the revenue structure. Revenues from the sale of residential units—which represent 26% of total revenues during the current period compared to 100% during the same period last year—declined primarily due to a lower number of properties available for sale at the beginning of the current period compared to the same period of the previous year.
Meanwhile, the group successfully introduce and expand new revenue streams through revenues from contracting and development contracts—which represent 74% of total revenues during the current period compared to 0% during the same period last year—as a result of progress in execution and completion rates of existing projects. |
| 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 is mainly attributed to the variance in profit margins across the company’s operating segments following a shift in the revenue structure. The contracting and development segment, which is the largest during the current period, yields a lower profit margin compared to the sale and development segment, which was the sole operating segment during the same period last year. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | NA |
| Additional Information | NA |
Year-on-Year Performance Drivers
Sales declined 4.093% YoY from SAR 57.69 million to SAR 55.31 million (converted from Actual: 57,669,149/1,000,000 = 57.67 million and 55,308,602/1,000,000 = 55.31 million), driven by a structural shift in revenue composition — revenues from residential unit sales fell sharply (from 100% to 26% of total revenues) due to fewer properties available for sale, partially offset by the introduction of contracting and development contract revenues, which grew to represent 74% of total revenues. Net profit attributable to shareholders dropped 52.744% YoY from SAR 22.43 million to SAR 10.60 million, primarily because the newly dominant contracting and development segment carries significantly lower profit margins compared to the sale and development segment, which was the sole operating segment in the prior period. Earnings per share declined correspondingly from SAR 0.22 to SAR 0.11.
Other Items
The external auditor issued an unmodified conclusion for the six-month interim period ending June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 145,730,063, representing a 19.03% increase compared to SAR 122,430,466 in the same period of the prior year. No accumulated losses, no material uncertainty disclosures, and no significant risk warnings were reported in this announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97806&anCat=1&cs=9655&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.