SAL Reports SAR 156.61M Net Profit in Three Months 2026
SAL 4263.SA | 0.00 |
On 2026-05-03 08:01:40 (Saudi Time), SAL Saudi Logistics Services 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 | 445,784 | 384,057 | 16.072 | 509,206 | -12.455 |
| Gross Profit (Loss) | 244,677 | 214,150 | 14.254 | 273,545 | -10.553 |
| Operational Profit (Loss) | 170,895 | 164,981 | 3.584 | 202,083 | -15.433 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 156,609 | 153,091 | 2.297 | 201,665 | -22.342 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 156,609 | 153,091 | 2.297 | 202,060 | -22.493 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,627,603 | 1,449,000 | 12.325 |
| Profit (Loss) per Share | 1.96 | 1.91 | |
| All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 16.072% YoY to SAR 445.78 million, primarily driven by 19.3% growth in the Cargo Ground Handling Division revenue through enhanced service offerings and improved revenue quality, despite slight volume declines due to temporary geopolitical disruptions affecting regional airspace. Net profit rose 2.297% YoY to SAR 156.61 million, supported by revenue growth from the Cargo Ground Handling Division and the company's continued focus on operational efficiency improvements and cost optimization.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 12.5% to 445.78 million SAR, primarily due to lower handled volumes reflecting seasonality and a higher comparison base from the previous quarter. Net profit decreased 22.3% to 156.61 million SAR from 201.67 million SAR in the previous quarter, mainly driven by the reduced volumes and seasonal factors affecting operational performance.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. The company reported no accumulated losses, with total shareholders equity increasing 12.325% to SAR 1,627,603 thousand compared to the previous year. Earnings per share improved to SAR 1.96 from SAR 1.91 in the comparable period. Certain comparative figures were reclassified to conform with current year presentation in the interim condensed consolidated financial statements.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94870&anCat=1&cs=4263&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/23033_5026_2026-05-02_21-34-47_en.pdfImportant 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.