Wajd Life Trading Reports SAR 3.96M Net Profit in the Six Months 2026
WAJD LIFE 9647.SA | 0.00 |
On 2026-08-27 08:46:44 (Saudi Time), Wajd Life Trading 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 | 45,631,482 | 38,887,145 | 17.343 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 3,957,753 | 2,026,932 | 95.258 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 26,578,636 | 22,620,883 | 17.496 | ||
| Profit (Loss) per Share | 0.32 | 0.2 | |||
| 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 | Revenue increased by 17.3%, mainly driven by a 24.5% increase in operation and maintenance revenues, attributable to the growth in the volume of work and the increase in the number of projects executed during the 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 |
Net Profit Growth
Net profit increased by 95%, mainly driven by a 20% decrease in general and administrative expenses, as well as the absence of an expected credit loss provision during the current period, compared to SAR 1.60 million recorded in the corresponding period of the previous year. This was despite an increase in finance costs and a slight decrease in gross profit. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain comparative figures relating to advances from customers and suppliers have been reclassified to conform with the presentation of the current period, with no impact on net profit or equity for the comparative period. |
Year-on-Year Performance Drivers
Sales increased 17.343% YoY to SAR 45.63 million (from SAR 38.89 million), primarily driven by a 24.5% increase in operation and maintenance revenues attributable to growth in work volume and a higher number of projects executed during the period. Net profit attributable to shareholders surged 95.258% YoY to SAR 3.96 million (from SAR 2.03 million), mainly due to a 20% decrease in general and administrative expenses and the absence of an expected credit loss provision in the current period, compared to SAR 1.60 million recorded in the prior year period, despite higher finance costs and a slight decline in gross profit.
Other Items
Wajd Life Trading Co.'s interim financial report for the six months ended June 30, 2026 received an unmodified conclusion from the external auditor. Total shareholders' equity (after deducting minority equity) stood at SAR 26,578,636, up 17.496% from SAR 22,620,883 in the same period of the prior year. Earnings per share increased to SAR 0.32 from SAR 0.20 in the corresponding period. Certain comparative figures relating to advances from customers and suppliers have been reclassified to conform with the current period's presentation, with no impact on net profit or equity for the comparative period. No accumulated losses or fair value changes in investment properties were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97826&anCat=1&cs=9647&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.