Saudi Aramco Reports SAR 120.13B Net Profit in Q1 2026
SAUDI ARAMCO 2222.SA | 0.00 |
On 2026-05-10 08:01:54 (Saudi Time), Saudi Arabian Oil Company (Saudi Aramco) announced its quarterly 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 | 433.1 | 405.65 | 6.766 | 388.7 | 11.422 |
| Gross Profit (Loss) | - | - | - | - | - |
| Operational Profit (Loss) | 222.54 | 191.36 | 16.293 | 154.85 | 43.713 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 120.13 | 95.68 | 25.553 | 69.47 | 72.923 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 121.55 | 95.11 | 27.799 | 72.93 | 66.666 |
| All figures are in (Billions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,531.72 | 1,473.62 | 3.942 |
| Profit (Loss) per Share | 0.5 | 0.4 | |
| All figures are in (Billions) 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 (Billions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 6.766% YoY to SAR 433.10 billion, primarily driven by higher prices and volumes sold of refined and chemical products as well as higher crude oil volumes sold and higher crude oil prices. Net profit attributable to shareholders rose 25.553% YoY to SAR 120.13 billion, mainly due to the higher revenue and other income related to sales, partially offset by higher operating costs and increased income taxes and zakat driven by higher taxable income.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 11.422% to SAR 433.10 billion, driven by higher crude oil and refined product prices, partially offset by lower volumes sold across all product categories. Net profit surged 72.923% to SAR 120.13 billion, primarily due to higher revenue and other income related to sales, plus lower operating costs, though partially offset by increased income taxes and zakat from higher taxable income.
Other Items
The external auditor issued an unmodified conclusion with no additional comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. The company reported total shareholders equity of SAR 1,531.72 billion and earnings per share of SAR 0.5 for the current period. Other income related to sales reached SAR 34.14 billion for Q1 2026, bringing total revenue and other income related to sales to SAR 467.24 billion. The company noted that certain comparative amounts for 2025 have been reclassified to conform to current period presentation, and due to the nature of Saudi Aramco's upstream business operations, the consolidated statement of income does not include gross profit.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95107&anCat=1&cs=2222&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/28235_1541_2026-05-10_07-53-40_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.