SAL Saudi Logistics Reports Net Profit of SAR 348.00M in the Six Months 2026
SAL 4263.SA | 0.00 |
On 2026-07-29 08:11:09 (Saudi Time), SAL Saudi Logistics Services 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 | 512,139 | 393,973 | 29.993 | 445,784 | 14.885 |
| Gross Profit (Loss) | 299,301 | 223,997 | 33.618 | 244,677 | 22.324 |
| Operational Profit (Loss) | 213,100 | 172,368 | 23.63 | 170,895 | 24.696 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 191,386 | 162,244 | 17.961 | 156,609 | 22.206 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 191,386 | 162,244 | 17.961 | 156,609 | 22.206 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 957,923 | 778,030 | 23.121 |
| Gross Profit (Loss) | 543,978 | 438,147 | 24.154 |
| Operational Profit (Loss) | 383,995 | 337,349 | 13.827 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 347,995 | 315,335 | 10.357 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 347,995 | 315,335 | 10.357 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,701,389 | 1,496,844 | 13.665 |
| Profit (Loss) per Share | 4.35 | 3.94 | |
| 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 | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, SAL Saudi Logistics Services Company's revenues grew 23.121% YoY to SAR 957.92 million (from SAR 778.03 million), driven primarily by a 24.5% increase in the Cargo Ground Handling Division's revenue — supported by enhanced service offerings, improved quality, and a 3.4% volume increase — alongside a 15.6% rise in the Logistics Division's revenue, fueled by expanded services, customer portfolio diversification, and higher utilization in contract logistics and warehouse operations. Net profit attributable to shareholders rose 10.357% YoY to SAR 347.99 million (from SAR 315.34 million), mainly reflecting the improved operational performance and revenue growth across both divisions, though the net profit growth rate lagged revenue growth, suggesting proportionally higher operating costs or other below-the-line items moderating the bottom-line expansion.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 14.885% to SAR 512.14 million (vs. SAR 445.78 million in the prior quarter), driven by the continued enhancement of the Company's service offerings and growth in the Logistics Division's revenue. Net profit climbed 22.206% QoQ to SAR 191.39 million (vs. SAR 156.61 million), primarily attributable to improved operational performance and revenue growth across both the Cargo Ground Handling and Logistics divisions.
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 current period's presentation in the interim condensed consolidated financial statements. Total shareholders' equity (after deducting minority equity) stood at SAR 1,701,389 thousand as of the current period, compared to SAR 1,496,844 thousand for the same period of the prior year, representing an increase of 13.665%. Earnings per share for the current period were SAR 4.35, compared to SAR 3.94 for the same period last year. No material risks, going concern uncertainties, debt covenant breaches, or accumulated losses were disclosed in this announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97056&anCat=1&cs=4263&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/23033_5026_2026-07-29_01-01-49_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.