TAS'HEEL Reports SAR 112.61M Net Profit in the Six Months 2026
TASHEEL 4083.SA | 0.00 |
On 2026-07-08 08:01:39 (Saudi Time), United International Holding Company (TAS'HEEL) announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 204.98 | 192.4 | 6.538 | 205.26 | -0.136 |
| Gross Profit (Loss) | 180.24 | 168.3 | 7.094 | 180.61 | -0.204 |
| Operational Profit (Loss) | 55.15 | 67.51 | -18.308 | 71.52 | -22.888 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 48.22 | 60.49 | -20.284 | 64.39 | -25.112 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 48.21 | 60.51 | -20.327 | 64.38 | -25.116 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 410.24 | 367.06 | 11.763 |
| Gross Profit (Loss) | 360.85 | 321.87 | 12.11 |
| Operational Profit (Loss) | 126.67 | 132.2 | -4.183 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 112.61 | 118.3 | -4.809 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 112.59 | 118.31 | -4.834 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,509.53 | 1,230.95 | 22.631 |
| Profit (Loss) per Share | 1.56 | 1.64 | |
| 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
For the six-month period ending 30 June 2026, Sales/Revenue increased 11.763% YoY to SAR 410.24 million (from SAR 367.06 million), driven by a 13.6% growth in the financing portfolio compared to the same period last year. However, net profit attributable to shareholders declined 4.809% YoY to SAR 112.61 million (from SAR 118.3 million), primarily due to slower growth in the financing portfolio amid prevailing market conditions, compounded by the Company's continued investment in enhancing its operational capabilities in support of its long-term growth strategy.
Quarter-on-Quarter Performance Drivers
QoQ revenue was nearly flat, declining marginally by 0.136% from SAR 205.26 million to SAR 204.98 million, as TAS'HEEL's financing portfolio remained at the same level as the previous quarter. However, net profit fell sharply by 25.112% QoQ from SAR 64.39 million to SAR 48.22 million, driven by slower growth in the financing portfolio amid prevailing market conditions, compounded by the company's continued investment in enhancing operational capabilities in support of its long-term growth strategy.
Other Items
The external auditor's report was issued with an unmodified conclusion; however, it is noted that these estimated financial results for the period ending June 30, 2026, have been prepared by the company's management and have not been audited or reviewed by its external auditor. Total shareholders' equity (after deducting minority equity) stood at SAR 1,509.53 million, up 22.631% from SAR 1,230.95 million in the same period of the prior year. Earnings per share for the current period were SAR 1.56, compared to SAR 1.64 in the corresponding period of the previous year; the company noted that EPS has been adjusted following a capital increase approved by the extraordinary general assembly held on 10 May 2026. No reclassification of comparison items was reported, and no accumulated losses or fair value changes in investment properties were disclosed.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96680&anCat=1&cs=4083&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.