On 2026-08-03 08:37:07 (Saudi Time), Sustained Infrastructure 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, Sales/Revenue rose 74.515% YoY to SAR 1,162.1 million from SAR 665.9 million, driven primarily by strong growth in the ports segment — particularly Multi-Purpose Terminal (MPT) operations, higher volumes and revenues from RSGT and RSGTI — alongside steady expansion in the logistics segment following the acquisition of Ports Services and Storage Company Limited (PSS). Net profit attributable to shareholders increased 91.051% YoY to SAR 85.4 million from SAR 44.7 million, underpinned by a SAR 223.6 million increase in consolidated gross profit, though partially offset by a SAR 57.8 million rise in operating expenses, a SAR 21.8 million increase in finance costs mainly from the MPT and PSS segments, a SAR 11.4 million decrease in income from equity-accounted associates, and a SAR 3.6 million increase in Zakat expense.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 64.474% to SAR 722.7 million (vs. SAR 439.4 million in Q1 2026), driven primarily by higher volumes from RSGT and MPT in the Saudi ports segment, alongside steady growth in the logistics segment. Net profit surged 126.819% QoQ to SAR 59.2 million (vs. SAR 26.1 million in Q1 2026), underpinned by a SAR 121.2 million increase in gross profit from strong revenue growth in ports and logistics. These gains were partially offset by a SAR 7.4 million rise in operating expenses, a SAR 5.6 million decrease in income from equity-accounted associates, a SAR 6.4 million increase in Zakat expense, and a SAR 2.9 million decline in other income.

Other Items

Sustained Infrastructure Holding Co. reported an unmodified conclusion from its external auditor for the six-month period ending June 30, 2026, with no additional comments noted in any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders' equity (after deducting minority equity) stood at SAR 1,521 million, up 5.114% from SAR 1,447 million in the same period of the prior year. Earnings per share for the current period were SAR 1.05, compared to SAR 0.55 in H1 2025. The financial statements have been prepared in accordance with IFRS as endorsed in the Kingdom of Saudi Arabia, with certain reclassifications applied to prior-period comparatives to align with current IFRS accounting policies. Additionally, in accordance with IFRIC 12, reported revenue includes accounting construction revenue of SAR 107.8 million, with a corresponding accounting construction cost of SAR 107.8 million recognized in cost of revenue, resulting in no impact on gross profit or net profit.

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