Riyadh - Mubasher: BinDawood Holding Company a net profit of SAR 49.58 million for the second quarter (Q2) of 2026, representing a 4.33% decrease from the SAR 51.83 million in Q2-25.
The decline in profit attributable to shareholders occurred despite an 11.44% rise in quarterly revenue, which reached SAR 1.64 billion.
The company attributed the revenue growth to the expansion of its store network and the full-period impact of new branches opened in late 2025. The distribution segment also contributed to gains following the integration of Jammjoom Toys.
However, the retail performance was partially offset by a decline in pharmacy revenues due to regulatory changes in the Wasfaty program.
Operating profit for the quarter rose by 25.70% to SAR 101.09 million, supported by improved cost management and operational efficiencies.
The discrepancy between operating growth and net profit was primarily due to higher borrowing costs and an increased profit share for non-controlling interests in subsidiaries.
For the first half (H1) of 2026, net profit stood at SAR 119.71 million, a marginal increase of 0.64% compared to the previous year, while total half-year revenue reached SAR 3.45 billion.
In the January-June 2026 period, the earnings per share (EPS) remained stable at SAR 0.1.
As of 31 March 2026, the net sales climbed by 8.18% to SAR 1.81 billion from SAR 1.67 billion a year earlier.
