Saudi Energy Reports SAR 6,723M Net Profit in the Six Months 2026
SAUDI ENERGY 5110.SA | 0.00 |
On 2026-08-04 09:36:42 (Saudi Time), Saudi Energy 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 | 30,864 | 27,722 | 11.333 | 21,336 | 44.656 |
| Gross Profit (Loss) | 7,293 | 7,351 | -0.789 | 3,806 | 91.618 |
| Operational Profit (Loss) | 6,630 | 6,758 | -1.894 | 3,172 | 109.016 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 4,891 | 5,284 | -7.437 | 1,833 | 166.83 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 5,106 | 5,091 | 0.294 | 1,965 | 159.847 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 52,200 | 47,222 | 10.541 |
| Gross Profit (Loss) | 11,099 | 10,225 | 8.547 |
| Operational Profit (Loss) | 9,802 | 9,106 | 7.643 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 6,723 | 6,252 | 7.533 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 7,071 | 5,843 | 21.016 |
| Total Shareholders Equity (after Deducting Minority Equity) | 257,343 | 259,985 | -1.016 |
| Profit (Loss) per Share | 0.53 | 0.45 | |
| 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
For the six-month period ending 30 June 2026, sales/revenue increased 10.541% YoY to SAR 52,200 million (from SAR 47,222 million), driven by higher required revenue reflecting the expansion of the grid's regulated asset base, increased power demand, higher revenue from project development and management contracts for substation and transmission line construction, and continued customer base growth. Net profit attributable to shareholders rose 7.533% YoY to SAR 6,723 million (from SAR 6,252 million), primarily supported by higher required revenue from the expanded regulated asset base, higher electricity generation revenue on the back of growing demand, and lower expected credit loss provisions due to improved collection performance. These gains were partially offset by higher operations and maintenance costs from the expanding asset base and increased net finance costs from additional financing secured to fund capital expenditure plans.
Quarter-on-Quarter Performance Drivers
QoQ revenue surged 44.656% to SAR 30,864 million in the current quarter (vs. SAR 21,336 million in the previous quarter), driven primarily by seasonal power demand resulting in higher electricity sales volumes. Net profit attributable to shareholders rose sharply by 166.83% QoQ to SAR 4,891 million (vs. SAR 1,833 million in the previous quarter), mainly reflecting the increase in operating revenue from the seasonal uplift in electricity sales.
Other Items
The external auditor issued an unmodified conclusion with no additional comments in any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Net profit attributable to common shares for the six months ending 30 June 2026, after deducting profit attributable to the Mudaraba Instrument of SAR 4,495 million, amounted to SAR 2,228 million, compared to SAR 1,864 million for the same period last year. Basic and diluted earnings per share for the six months ending 30 June 2026 amounted to SAR 0.53, compared to SAR 0.45 for the same period last year, representing an increase of 17.8% year on year. No reclassification of comparison items was reported, and no accumulated losses or fair value changes in investment properties were disclosed.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97239&anCat=1&cs=5110&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/17090_468_2026-08-03_21-32-25_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.