Naqi Water Reports SAR 15.08M Net Profit in the Six Months 2026
NAQI 2282.SA | 0.00 |
On 2026-07-27 08:01:56 (Saudi Time), Naqi Water 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 | 60,458,114 | 51,166,611 | 18.159 | 51,676,721 | 16.992 |
| Gross Profit (Loss) | 24,068,395 | 19,132,793 | 25.796 | 18,825,342 | 27.851 |
| Operational Profit (Loss) | 8,936,314 | 4,270,017 | 109.28 | 3,499,111 | 155.388 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 8,867,253 | 4,760,305 | 86.274 | 6,214,755 | 42.68 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 9,043,203 | 4,455,731 | 102.956 | 5,995,413 | 50.835 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 112,134,835 | 95,639,612 | 17.247 |
| Gross Profit (Loss) | 43,078,623 | 35,120,861 | 22.658 |
| Operational Profit (Loss) | 12,237,971 | 6,987,056 | 75.152 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 15,082,003 | 8,400,500 | 79.536 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 15,038,610 | 8,308,320 | 81.006 |
| Total Shareholders Equity (after Deducting Minority Equity) | 285,961,575 | 282,231,831 | 1.321 |
| Profit (Loss) per Share | 0.75 | 0.42 | |
| 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 | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, Naqi Water Co. reported sales/revenue of SAR 112.13 million, up 17.247% YoY from SAR 95.64 million, driven primarily by a 36% increase in retail sales in the water segment, an improved sales mix, and higher table egg sales resulting from expansion projects. Net profit attributable to shareholders rose 79.536% YoY to SAR 15.08 million from SAR 8.40 million, mainly due to revenue growth, an improved sales mix, and continued control over manufacturing costs, which collectively lifted gross profit by 22.658% and operating profit by 75.152%, with net profit growth sustained despite higher selling and distribution expenses linked to the retail segment expansion.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 17.0% (from SAR 51.68 million to SAR 60.46 million), driven by growth in product sales and improved sales-channel performance, particularly retail sales in the water segment, along with higher table egg sales from increased production capacity. Net profit attributable to shareholders surged 42.68% QoQ (from SAR 6.21 million to SAR 8.87 million), supported by improved gross profit and operating profit, enhanced manufacturing cost efficiency, and lower selling and distribution expenses compared with the previous quarter.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or reservations noted. Certain comparative figures have been reclassified to conform to the current period's presentation, with no material impact on net profit or equity. No accumulated losses were reported. Total shareholders' equity (after deducting minority equity) stood at SAR 285,961,575 for the current period, compared to SAR 282,231,831 in the same period of the prior year, representing a 1.321% increase. Earnings per share for the current period were SAR 0.75, up from SAR 0.42 in the corresponding period of the previous year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97000&anCat=1&cs=2282&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.