Taiba Investments Reports SAR 124.8M Net Profit in Three Months 2026
TAIBA 4090.SA | 0.00 |
On 2026-05-07 08:02:34 (Saudi Time), Taiba Investments Co. 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 | 385.7 | 357.8 | 7.797 | 360.2 | 7.079 |
| Gross Profit (Loss) | 170.1 | 174.1 | -2.297 | 128.6 | 32.27 |
| Operational Profit (Loss) | 143.8 | 148.4 | -3.099 | 48.7 | 195.277 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 124.8 | 131.3 | -4.95 | 66 | 89.09 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 148.9 | 113.8 | 30.843 | -22.4 | - |
| 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) | 6,999.3 | 6,961.3 | 0.545 |
| Profit (Loss) per Share | 0.48 | 0.5 | |
| 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 increased 7.797% YoY to SAR 385.7 million, driven by higher revenues from hotel and residential segments due to improved occupancy rates, increased visitors and Umrah performers in Makkah and Madinah properties, and the commencement of operations at newly added properties including Rixos Obhur Jeddah Resort. Net profit declined 4.95% YoY to SAR 124.8 million despite the revenue growth, primarily due to operating costs associated with the newly added properties to the company's portfolio.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 7.079% to SAR 385.7 million, driven by higher revenues from properties in Madinah, Makkah, and Jeddah. Net profit surged 89.09% to SAR 124.8 million from SAR 66.0 million in the previous quarter, primarily due to the revenue increase during the current quarter.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Total shareholders equity increased 0.545% to SAR 6,999.3 million. Earnings per share decreased to SAR 0.48 from SAR 0.5 in the prior year period. Other comprehensive income recorded a net gain of SAR 24.2 million compared to a net loss of SAR 17.6 million in the corresponding prior period, due to increased market value of the company's investments measured at fair value through other comprehensive income.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95055&anCat=1&cs=4090&locale=arImportant 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.