On 2026-07-30 15:31:29 (Saudi Time), Raoom Trading Co. announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending 30 June 2026, Sales/Revenue declined 6.095% YoY to SAR 48.41 million (SAR 48,405,576 / 1,000,000 = SAR 48.41 million) from SAR 51.55 million (SAR 51,547,809 / 1,000,000 = SAR 51.55 million), primarily driven by a lower average selling price during the current period. The Company swung to a net loss of SAR 6.32 million (SAR 6,322,879 / 1,000,000 = SAR 6.32 million) from a net profit of SAR 2.29 million (SAR 2,287,895 / 1,000,000 = SAR 2.29 million) in the same period of the prior year, representing an adverse variance of SAR 8.61 million. This deterioration was primarily attributable to a sharp increase in fair value losses on financial assets at FVTPL to SAR 11.49 million from SAR 3.03 million, a rise in finance costs to SAR 2.02 million from SAR 0.67 million due to new bank financing facilities, a SAR 0.92 million (6.3%) decline in gross profit largely reflecting the revenue decrease, and a reduction in dividend income from FVTPL assets to SAR 0.39 million from SAR 0.67 million in the prior period.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 9.1% to SAR 25.25 million (SAR 0.03 million, converted: 25,251,798 / 1,000,000 = 25.25 million) from SAR 23.15 million in the previous quarter, driven by higher sales volumes from increased product demand and acquisition of new customers. Net loss narrowed sharply by 91.9% to SAR 0.48 million from SAR 5.85 million in the prior quarter, primarily due to a significant reduction in fair value losses on financial assets at FVTPL to SAR 3.18 million from SAR 8.31 million (a decrease of SAR 5.13 million). Additionally, the Company recognized other income of SAR 0.31 million compared to other expenses of SAR 0.02 million in the previous quarter, and finance costs declined to SAR 0.94 million from SAR 1.08 million.

Other Items

The external auditor issued an unmodified conclusion with no additional comments, reservations, or adverse opinions noted. Certain comparative figures have been reclassified to conform with the presentation of the current period's financial statements. As additional information, the Extraordinary General Assembly held on 21 May 2026 approved the transfer of the voluntary reserve balance of SAR 18,750,000 to retained earnings to offset accumulated losses; as a result, retained earnings amounted to SAR 6,005,992 as at 30 June 2026, and the Company had no accumulated losses as at that date, compared to accumulated losses of SAR 12,220,049, representing 9.78% of share capital, as at 31 March 2026.

Original announcement:

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