Riyadh – Mubasher: Alsaif Stores for Development and Investment Company (Alsaif Gallery) reported a net profit of SAR 1.62 million for the second quarter (Q2) of 2026, an annual rise of 11.42% from SAR 1.45 million.
The retailer attributed the growth to a 3.80% rise in quarterly revenue, which reached SAR 138.58 million, alongside a 9.1% expansion in e-commerce sales and improved promotional effectiveness.
For the first six months of 2026, the company’s net profit rose 9.10% to SAR 39.95 million, compared to SAR 36.62 million in the prior-year period.
Half-year revenue climbed 13.51% to SAR 411.77 million, supported by a 31% surge in e-commerce activity and enhanced shopping experiences across its branch network.
Operating profit for the six-month period improved by 3.15% to SAR 43.39 million.
Despite the year-on-year gains, net profit fell 95.77% compared to the first quarter (Q1) of 2026.
The company noted that the sequential decline was primarily due to exceptionally high demand during the Ramadan season in the previous quarter.
Total shareholders' equity stood at SAR 515.39 million as of 30 June 2026.
Looking ahead, the company expects the financial impact of a new branch opening in Riyadh to be reflected in its third-quarter results.
