On 2026-07-30 08:03:15 (Saudi Time), Saudi Industrial Investment Group announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

Since Saudi Industrial Investment Group (SIIG) follows the equity method for its joint venture investments, Sales/Revenue and Gross Profit do not appear in its financial statements. For the current period (six months ending 30 June 2026), net profit attributable to shareholders increased by 410.526% YoY to SAR 194 million from SAR 38 million, primarily driven by higher average selling prices of certain products and lower depreciation following the reassessment of the useful lives of fixed assets, as well as a decrease in zakat expenses. These gains were partially offset by lower sold quantities due to supply-chain disruptions, higher feedstock costs, a decrease in Murabaha financing income resulting from lower average invested cash, and an increase in general and administrative expenses.

Quarter-on-Quarter Performance Drivers

QoQ, net profit swung to a loss of SAR 58 million in the current quarter from a profit of SAR 252 million in the previous quarter, driven primarily by a sharp decline in SIIG's share of net profits from its joint venture companies due to lower sold quantities caused by supply-chain disruptions and higher feedstock costs. Additionally, general and administrative expenses increased during the current quarter, further weighing on profitability. A partial offset was provided by a decrease in zakat expenses.

Other Items

The external auditor issued an unmodified conclusion for the interim period ending June 30, 2026, with no additional comments noted under any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders' equity (after deducting minority equity) stood at SAR 8,782 million for the current period, compared to SAR 9,062 million in the same period of the prior year, representing a decline of 3.089%. Earnings per share for the current period were SAR 0.29, up from SAR 0.05 in the same period of the prior year. No accumulated losses were reported. Certain prior period figures have been reclassified to conform with the presentation in the current period.

Original announcement:

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