National Environmental Recycling Reports SAR 41.77M Net Profit in the Six Months 2026
TADWEEER 9540.SA | 0.00 |
On 2026-07-22 08:43:09 (Saudi Time), National Environmental Recycling 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 | 648,285,061 | 228,614,869 | 183.57 | 493,649,581 | 31.324 |
| Gross Profit (Loss) | 40,582,308 | 19,760,180 | 105.374 | 30,157,479 | 34.567 |
| Operational Profit (Loss) | 35,397,149 | 14,058,196 | 151.79 | 24,782,440 | 42.831 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 21,282,188 | 8,361,412 | 154.528 | 20,487,583 | 3.878 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 44,549,492 | 8,072,384 | 451.875 | 21,289,100 | 109.259 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,141,934,642 | 496,158,483 | 130.155 |
| Gross Profit (Loss) | 70,739,787 | 48,229,706 | 46.672 |
| Operational Profit (Loss) | 60,179,589 | 36,534,184 | 64.721 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 41,769,771 | 26,635,962 | 56.817 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 65,838,592 | 26,346,934 | 149.89 |
| Total Shareholders Equity (after Deducting Minority Equity) | 364,571,454 | 264,533,134 | 37.816 |
| Profit (Loss) per Share | 0.18 | 0.12 | |
| 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 | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, sales/revenue surged 130.155% YoY to SAR 1.14 (1,141,934,642 / 1,000,000 = SAR 1,141.93 million) from SAR 496.16 million, driven by a 48% growth in quantity sold following the expansion of feedstock sourcing across Saudi Arabia's major cities, and a 173% increase in export sales through continued customer base expansion across all geographic markets. Net profit attributable to shareholders rose 56.817% YoY to SAR 41.77 million from SAR 26.64 million, supported by the strong revenue growth, though profit expansion was tempered by rising shipping and insurance costs stemming from the current market and geopolitical situation.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 31.324% to SAR 648.29 million (from SAR 493.65 million in the previous quarter), driven by a 30%+ increase in quantity sold and a ~67% surge in local sales. Net profit attributable to shareholders grew modestly by 3.878% QoQ to SAR 21.28 million (from SAR 20.49 million), as the revenue gains were largely offset by higher shipping and insurance costs stemming from the current market and geopolitical situation.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, reservations, or other matters noted. No material risks, going concern uncertainties, debt covenant breaches, or reclassification of comparison items were reported. 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=96927&anCat=1&cs=9540&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.