Pan Gulf Marketing Posts SAR 12.31M Net Loss in the Six Months 2026
PAN GULF 9593.SA | 0.00 |
On 2026-08-24 15:45:08 (Saudi Time), Pan Gulf Marketing 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 | 128,005,999 | 159,628,085 | -19.809 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -12,305,009 | 1,525,437 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 73,061,052 | 80,474,081 | -9.211 | ||
| Profit (Loss) per Share | -1.64 | 0.2 | |||
| 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 | |||
| 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 decline in sales during the current period compared to the corresponding period of the previous year is attributable to the indirect impact of regional geopolitical developments and the associated logistical challenges and supply chain delays. These factors affected the availability of certain key products and resulted in delays in fulfilling a number of orders and projects across the markets in which the Group operates. Demand for certain products related to the academic season was also affected, particularly due to the adoption of remote learning in several regional markets during part of the period. The company continues to implement operational and commercial initiatives aimed at enhancing supply chain resilience and supporting sales growth in the coming periods, in line with the approved plans. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit decreased during the current period compared to the corresponding period of the previous year, mainly due to a decline in sales during the current period. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | None |
| Additional Information | None |
Year-on-Year Performance Drivers
Sales/Revenue declined 19.809% YoY from SAR 128.01 million (SAR 159,628,085 / 1,000,000 = SAR 159.63 million in the prior period) to SAR 128.01 million, primarily due to the indirect impact of regional geopolitical developments, associated logistical challenges, and supply chain delays that affected the availability of key products and caused order fulfillment delays across the Group's markets. Demand for certain products tied to the academic season was also negatively impacted by the adoption of remote learning in several regional markets during part of the period. As a direct consequence of the revenue decline, the company swung from a net profit of SAR 1.53 million to a net loss of SAR 12.31 million attributable to shareholders, with loss per share deteriorating from SAR 0.2 to SAR -1.64.
Other Items
Pan Gulf Marketing Co.'s interim financial results for the six months ended June 30, 2026, received an unmodified conclusion from the external auditors. Total shareholders' equity (after deducting minority equity) declined 9.211% year-on-year to SAR 73,061,052, compared to SAR 80,474,081 in the prior period. No accumulated losses, no reclassification of comparison items, and no additional information were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97761&anCat=1&cs=9593&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.