Waja Co. Reports SAR 2.71M Net Loss in the Six Months 2026
WAJA 9560.SA | 0.00 |
On 2026-08-12 08:02:38 (Saudi Time), Waja Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 48,074,402 | 51,127,560 | -5.971 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -2,707,398 | 1,485,642 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 102,992,314 | 102,644,310 | 0.339 | ||
| Profit (Loss) per Share | -0.039 | 0.021 | |||
| All figures are in (Actual) 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 (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The Company’s revenues decreased by SAR 3,053,158, representing a 5.97% decline compared to the corresponding period of 2025. This decrease is primarily attributable to a reduction in awarded contracts and a lower volume of ongoing projects during this period. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The decrease in net profit compared to the corresponding period of 2025 is primarily attributable to a decline in revenues and lower profit margins and the recognition of an allowance for credit losses. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | None |
Year-on-Year Performance Drivers
Sales/Revenue declined 5.971% YoY from SAR 51.13 million to SAR 48.07 million, primarily due to a reduction in awarded contracts and a lower volume of ongoing projects. The company swung to a net loss attributable to shareholders of SAR 2.71 million in the current period compared to a net profit of SAR 1.49 million in the same period of the prior year, driven by the decline in revenues, lower profit margins, and the recognition of an allowance for credit losses.
Other Items
The external auditor issued an unmodified conclusion for the interim period ending June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 102,992,314, compared to SAR 102,644,310 in the same period of the prior year, representing a 0.339% increase. Loss per share was SAR -0.039 for the current period, versus earnings per share of SAR 0.021 in the corresponding prior-year period. No reclassification of comparison items was reported, and no profits or losses resulting from changes in investment property fair value were recorded.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97588&anCat=1&cs=9560&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.