On 2026-08-10 08:03:35 (Saudi Time), Seera Group Holding 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, Seera Group's sales/revenue increased by 1.297% YoY to SAR 2,342 million (from SAR 2,312 million), driven by record growth at Almosafer and growth in the Portman Group. Net profit attributable to shareholders surged by 204.999% YoY to SAR 122 million (from SAR 40 million), primarily driven by stronger profitability at Almosafer, including non-recurring gains from Careem holdbacks and asset divestment gains. At the quarterly level, Q2 2026 revenue rose 3.725% YoY to SAR 1,253 million, supported by record revenue at Almosafer and growth in Hospitality, while net profit jumped to SAR 80 million from SAR 3 million in Q2 2025, reflecting the same non-recurring gains alongside improved operational performance.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 15.059% to SAR 1,253 million in Q2 2026 (vs. SAR 1,089 million in Q1 2026), driven by record revenue at Almosafer and growth in Hospitality boosted by the Hajj and Ramadan season. Net profit attributable to shareholders surged 90.476% QoQ to SAR 80 million (vs. SAR 42 million in Q1 2026), primarily driven by stronger profitability at Almosafer, including non-recurring gains from Careem holdbacks and asset divestment gains.

Other Items

The external auditor issued an unmodified conclusion on Seera Group Holding's interim condensed financial statements for the three-month and six-month periods ended 30 June 2026. The auditor's report includes an "Other Matter" paragraph noting that the financial statements for the year ended 31 December 2025 were audited by another auditor, who expressed an unmodified opinion thereon, and that the interim condensed financial statements for the three-month and six-month periods ended 30 June 2025 were reviewed by another auditor, who expressed an unmodified conclusion thereon. For the six-month period, gross profit reached SAR 972 million (up 5.767% YoY from SAR 919 million), operational profit reached SAR 214 million (up 43.624% YoY from SAR 149 million), and total comprehensive income attributable to shareholders was SAR 120 million (up 130.769% YoY from SAR 52 million). Total shareholders' equity (after deducting minority equity) stood at SAR 5,882 million, compared to SAR 5,770 million in the prior year period, representing a 1.941% increase. Earnings per share for the current period were SAR 0.448, compared to SAR 0.14 in the same period of the prior year. Certain comparative figures have been reclassified to conform with the current period presentation. No material risks, going concern uncertainties, or accumulated loss disclosures were reported.

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