On 2026-08-10 09:02:11 (Saudi Time), Saudi Public Transport Company- (SAPTCO) 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, SAPTCO's sales/revenue increased 6.466% YoY to SAR 899.03 million (from SAR 844.43 million), primarily driven by growth in transportation operations. Net profit attributable to shareholders surged 548.311% YoY to SAR 71.04 million (from SAR 10.96 million), driven by increased operating revenue from expanded transportation operations, higher other revenue and finance income, greater share of profits from an associate and a joint venture, as well as a decrease in cost of revenues and finance costs.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 26.836% to SAR 502.70 million (from SAR 396.33 million in the previous quarter), driven by an increase in transportation operations and Hajj revenues. Net profit attributable to shareholders surged 1,129.111% QoQ to SAR 65.70 million (from SAR 5.35 million), supported by higher operating revenues, increased share of profits from an associate and a joint venture, higher other revenue and finance income, lower general, administrative, selling and distribution expenses, and a decrease in finance costs.

Other Items

SAPTCO's interim financial results for the six months ended 30 June 2026 received an unmodified conclusion from the external auditor, with no additional comments or reservations noted. Accumulated losses as of 30 June 2026 stood at SAR 202,090 thousand, representing 16.17% of the Company's share capital of SAR 1,250 million, reduced from SAR 267.8 million (21.4% of capital) as of 31 March 2026, with the company stating that "the reduction in accumulated losses was primarily attributable to the net profit recognized during the second quarter of 2026." The Group's net profit for Q2 2026 amounted to SAR 75.1 million, compared to SAR 40.5 million for the same quarter of the previous year, a positive change of 85%, while net profit for the first half of 2026 amounted to SAR 90.2 million, compared to SAR 20.4 million for the same period of the previous year, a positive change of 341%. Total shareholders' equity (after deducting minority equity) stood at SAR 1,047,910 thousand as of the current period, up 12.335% from SAR 932,839 thousand in the same period of the previous year. Earnings per share for the current period were SAR 0.57, compared to SAR 0.09 in the same period of the previous year. Certain comparative items have been reclassified to align with the current period presentation.

Original announcement:

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