Saudi Aramco Reports SAR 241.64B Net Profit in the Six Months 2026
SAUDI ARAMCO 2222.SA | 0.00 |
On 2026-08-04 08:00:22 (Saudi Time), Saudi Arabian Oil Company (Saudi Aramco) 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 | 450.77 | 378.83 | 18.99 | 433.1 | 4.079 |
| Gross Profit (Loss) | - | - | - | - | - |
| Operational Profit (Loss) | 216.15 | 167.09 | 29.361 | 222.54 | -2.871 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 121.51 | 85.63 | 41.901 | 120.13 | 1.148 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 121.45 | 89.71 | 35.38 | 121.55 | -0.082 |
| All figures are in (Billions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 883.87 | 784.48 | 12.669 |
| Gross Profit (Loss) | - | - | - |
| Operational Profit (Loss) | 438.69 | 358.45 | 22.385 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 241.64 | 181.31 | 33.274 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 243 | 184.82 | 31.479 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,569.46 | 1,483.59 | 5.787 |
| Profit (Loss) per Share | 1 | 0.75 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Billions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the first half of 2026, Saudi Aramco's revenue increased 12.669% YoY to SAR 883.87 billion, up from SAR 784.48 billion in the same period of 2025, primarily driven by higher prices of refined and chemical products and crude oil, partially offset by lower volumes sold of crude oil and refined and chemical products. Net profit attributable to shareholders rose 33.274% YoY to SAR 241.64 billion from SAR 181.31 billion, mainly driven by higher revenue and other income related to sales, partially offset by higher operating costs and higher income taxes and zakat resulting from higher taxable income.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 4.079% to SAR 450.77 billion in Q2 2026 from SAR 433.10 billion in Q1 2026, primarily driven by higher prices of refined and chemical products and crude oil, partially offset by lower volumes sold of crude oil and refined and chemical products. Net profit attributable to shareholders edged up 1.148% to SAR 121.51 billion from SAR 120.13 billion in the prior quarter, mainly due to higher revenue and other income related to sales and lower income taxes and zakat driven by lower taxable income, partially offset by higher operating costs.
Other Items
The external auditor issued an unmodified conclusion on Saudi Aramco's interim financial results for the six months ended June 30, 2026. No material risks, going concern uncertainties, debt covenant breaches, or accumulated losses were reported. Total shareholders' equity (after deducting minority equity) stood at SAR 1,569.46 billion as of the current period, compared to SAR 1,483.59 billion for the same period of the prior year, representing a 5.787% increase. Earnings per share for the current period were SAR 1, up from SAR 0.75 in the same period of the prior year. Adjusted net income for Q2 2026 was SAR 125.20 billion, with total adjustments of SAR 2.60 billion primarily related to replacement cost adjustment, losses for the period from assets classified as held for sale, and adjusting items related to finance costs; for the first half of 2026, adjusted net income was SAR 251.93 billion, with total adjustments of SAR 7.32 billion mainly related to replacement cost adjustment, losses on fair value remeasurement of certain commodity derivatives, and adjusting items related to finance costs. Other income related to sales was SAR 71.03 billion for Q2 2026 (Q2 2025: SAR 28.31 billion; Q1 2026: SAR 34.14 billion), bringing total revenue and other income related to sales to SAR 521.80 billion for Q2 2026 (Q2 2025: SAR 407.14 billion; Q1 2026: SAR 467.24 billion); for the first half of 2026, other income related to sales was SAR 105.16 billion (first half 2025: SAR 52.28 billion), resulting in total revenue and other income related to sales of SAR 989.03 billion (first half 2025: SAR 836.75 billion). Certain comparative amounts for 2025 have been reclassified to conform to the current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97212&anCat=1&cs=2222&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/28235_1541_2026-08-04_06-47-47_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.