Naqi Water Reports SAR 6.21M Net Profit in Three Months 2026
NAQI 2282.SA | 0.00 |
On 2026-05-06 15:39:37 (Saudi Time), Naqi Water 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 | 51,676,721 | 44,473,001 | 16.197 | 42,530,891 | 21.503 |
| Gross Profit (Loss) | 18,825,342 | 15,988,069 | 17.746 | 13,046,043 | 44.299 |
| Operational Profit (Loss) | 3,499,111 | 2,794,242 | 25.225 | -3,168,551 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 6,214,755 | 3,640,214 | 70.724 | -14,584,491 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 5,995,413 | 3,852,608 | 55.619 | -14,626,115 | - |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 276,918,378 | 270,922,965 | 2.212 |
| Profit (Loss) per Share | 0.31 | 0.18 | |
| 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
Sales increased 16.197% YoY to 51.68 million due to noticeable growth in the water sector revenues driven by the company's retail expansion strategy and successful opening of new branches. Net profit surged 70.724% to 6.21 million, primarily attributed to the revenue growth, 25% improvement in operational profit, 18% increase in gross profit, and positive results from financial investments during the period.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 21.50% to 51.68 million driven by significant growth in the retail water sector as part of the company's expansion strategy. Net profit surged 143% to 6.21 million due to improved operational efficiency, higher sales volume, and positive results from financial investments during the period.
Other Items
The auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No accumulated losses were reported, and total shareholders equity increased 2.212% to SAR 276,918,378. Earnings per share improved from SAR 0.18 to SAR 0.31. Some comparison figures were reclassified to conform with current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95025&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.