On 2026-08-09 09:11:15 (Saudi Time), Saudi Advanced Industries 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, Saudi Advanced Industries Co. reported sales/revenue of SAR 31.02 million compared to SAR -91.12 million in the same period of the prior year, representing a significant turnaround, driven primarily by an increase in the company's share of associate companies' profits, higher dividends earned, and an increase in unrealized gains from financial assets at fair value through profit or loss, partially offset by a decrease in realized gains from selling financial assets and lower profits from selling shares in associated companies. Net profit attributable to shareholders improved to SAR 14.9 million from a net loss of SAR -110.14 million in the prior year period, supported by the revenue recovery and a decrease in general and administrative expenses, despite headwinds from higher financing costs and increased zakat expenses.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 4.01% to SAR 15.82 million, driven by higher associate companies' profit shares, increased dividends earned, and lower realized losses from selling financial assets at fair value through profit or loss, partially offset by a decrease in unrealized gains from financial assets at fair value through profit or loss. Net profit attributable to shareholders edged up 0.538% QoQ to SAR 7.47 million, supported by the revenue increase and lower financing costs, despite higher general and administrative expenses and increased zakat expenses.

Other Items

The external auditor issued an unmodified conclusion with no additional comments, reservations, or other matters noted. Total shareholders' equity (after deducting minority equity) stood at SAR 1,024.29 million for the current period, compared to SAR 1,059.21 million in the same period of the prior year, a decline of 3.296%. Earnings per share for the current period were SAR 0.25, compared to SAR -1.87 in the same period of the prior year. Total comprehensive income attributable to shareholders was SAR 13.3 million for the current period versus SAR -112.5 million in the prior year period, and SAR 5.87 million for the current quarter versus SAR -117.14 million in the same quarter of the prior year. No reclassification of comparison items was reported, and no additional information was disclosed.

Original announcement:

Important 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.