On 2026-08-06 08:00:44 (Saudi Time), Sinad Holding Co. 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, Sinad Holding Co. reported sales/revenue of SAR 890.5 million, up 9.049% YoY from SAR 816.6 million, driven by increased sales across certain distribution channels. However, the net loss attributable to shareholders widened significantly to SAR 17.5 million from SAR 5.8 million in the same period last year, a deterioration of 201.724% YoY. This was primarily due to a decrease in operating profits stemming from a gross loss on investments, largely caused by unrealized losses on the valuation of financial investments and equity instruments resulting from a decline in their fair value, compared to valuation gains recorded in the prior period. The net loss was further compounded by higher general and administrative expenses, increased selling and distribution expenses, lower other operating income, higher foreign exchange losses, and higher zakat expense.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 5.943% to SAR 458.1 million, driven by seasonal demand patterns. Net loss narrowed significantly from SAR -15.7 million to SAR -1.8 million (an 88.535% improvement QoQ), supported by higher operating profits stemming from increased gross profit from sales, lower selling and distribution expenses, higher other operating income, recognition of foreign exchange gains (versus foreign exchange expenses in the prior quarter), and a decrease in zakat expense.

Other Items

The external auditor issued an unmodified conclusion on the interim financial statements for the six-month period ended June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 1,023.1 million, declining 13.06% from SAR 1,176.8 million in the same period of the prior year. Total comprehensive income attributable to shareholders was SAR -7.8 million for the current period, compared to SAR 96.8 million in the same period last year. On a per-share basis, loss per share was SAR -0.14, compared to SAR -0.05 in the prior year period. No material risks, going concern uncertainties, or accumulated loss thresholds were flagged. Comparative figures were amended to reflect the results of discontinued operations, with further details available in Disclosure 2.4 of the consolidated financial statements.

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