Naseej for Technology Reports SAR 2.27M Net Profit in the Six Months 2026
NASEEJ TECH 9538.SA | 0.00 |
On 2026-08-04 08:01:11 (Saudi Time), Naseej for Technology 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 | 99,480,415 | 100,177,608 | -0.695 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,271,396 | 112,729 | 1,914.917 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 138,094,309 | 133,933,770 | 3.106 | ||
| Profit (Loss) per Share | 0.304 | 0.015 | |||
| 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 | Naseej for Technology Achieved revenues of 99.5 million Saudi Riyals as of 30 June 2026, compared to 100.2 million Saudi Riyals for the same period in 2025, a decrease of 0.7%. This is due to the timing of revenue recognition, which is expected to be reflected in later periods. |
| 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 company Achieved a net profit after Zakat of 2.17 million Saudi Riyals as of 30 June 2026, compared to 0.48 million Saudi Riyals in the previous year, representing an increase of 1,914.91%. This is attributed to improved project execution performance and operating profit margin. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | None |
Year-on-Year Performance Drivers
Sales/Revenue declined marginally by 0.695% YoY to SAR 99.48 million (SAR 99,480,415 / 1,000,000) from SAR 100.18 million, primarily due to the timing of revenue recognition, which is expected to be reflected in later periods. Net profit attributable to shareholders surged by 1,914.917% YoY to SAR 2.27 million from SAR 0.11 million, driven by improved project execution performance and a stronger operating profit margin.
Other Items
The external auditor issued an unmodified conclusion for the interim period ending June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 138,094,309, compared to SAR 133,933,770 for the same period of the previous year, reflecting a 3.106% increase. Earnings per share were SAR 0.304, up from SAR 0.015 in the prior year period. No reclassification of comparison items was reported, and no accumulated losses or fair value changes in investment properties were disclosed.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97214&anCat=1&cs=9538&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.