Saudi Energy Reports SAR 1.83M Net Profit in Three Months 2026
SAUDI ENERGY 5110.SA | 0.00 |
On 2026-05-06 09:15:50 (Saudi Time), Saudi Energy announced its interim 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 | 21,336 | 19,500 | 9.415 | 23,948 | -10.906 |
| Gross Profit (Loss) | 3,806 | 2,874 | 32.428 | 3,103 | 22.655 |
| Operational Profit (Loss) | 3,172 | 2,348 | 35.093 | 2,959 | 7.198 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 1,833 | 968 | 89.359 | 1,391 | 31.775 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,965 | 752 | 161.303 | 1,360 | 44.485 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 259,648 | 257,811 | 0.712 |
| Profit (Loss) per Share | -0.1 | -0.29 | |
| All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 9.415% YoY to SAR 21.34 million, driven by growth in the grid's regulated asset base, rising electricity demand, higher electricity production revenue, and continued expansion in the subscriber base. Net profit surged 89.359% YoY to SAR 1.83 million, primarily due to increased required revenue recognition from asset base growth, higher electricity production revenue supported by power demand growth, improved operating efficiency despite business expansion, and decreased provisions for trade receivables reflecting better collection rates.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 10.906% to 21.34 million due to lower volume of power sold reflecting seasonality of sales. Net profit increased 31.775% to 1.83 million primarily driven by decreased operating costs resulting from the lower power sales volume during the seasonal downturn.
Other Items
The auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. After deducting Mudaraba instrument distributions of SAR 2,235 million, the company reported a net loss attributable to ordinary shares of SAR 403 million for Q1 2026, resulting in a basic and diluted loss per share of SAR 0.10, improved from a loss of SAR 0.29 in the same quarter of the previous year. Total shareholders equity reached SAR 259,648 million, representing a 0.712% increase from the previous year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95013&anCat=1&cs=5110&locale=arImportant 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.