Seera Group Reports SAR 42M Net Profit in Three Months 2026
SEERA 1810.SA | 0.00 |
On 2026-05-11 08:03:42 (Saudi Time), Seera Group Holding 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 | 1,089 | 1,104 | -1.358 | 1,002 | 8.682 |
| Gross Profit (Loss) | 462 | 472 | -2.118 | 430 | 7.441 |
| Operational Profit (Loss) | 88 | 88 | - | 33 | 166.666 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 42 | 37 | 13.513 | -28 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 24 | 41 | -41.463 | -40 | - |
| 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) | 5,785 | 5,839 | -0.924 |
| Profit (Loss) per Share | 0.154 | 0.133 | |
| 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 declined 1.36% YoY to SAR 1,089 million due to geopolitical conditions that negatively affected revenues from Almosafer, Lumi and hospitality businesses, despite growth in Portman Travel Group. Net profit increased 13.51% YoY to SAR 42 million, driven by Portman Travel Group's growth and income from corporate investment management activities.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 8.7% to SAR 1,089 million driven by growth in Portman Travel Group and the hospitality segment. Net profit surged 250% QoQ to SAR 42 million, primarily due to Portman Travel Group's strong performance and income generated through corporate investment activities management. The company turned around from a SAR 28 million loss in the previous quarter to profitability.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Total shareholders equity decreased slightly by 0.924% to SAR 5,785 million compared to the same period last year, while earnings per share improved to SAR 0.154 from SAR 0.133 in the prior year period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95203&anCat=1&cs=1810&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/7872_378_2026-05-10_19-19-52_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.