Riyadh - Mubasher: Consolidated Grünenfelder Saady Holding Company (CGS) announced its financial results for the first quarter (Q1) of fiscal year (FY) 2026/2027, reporting a net profit of SAR 8.49 million.
This represents a 7.97% decrease from the SAR 9.23 million recorded at the end of June 2025.
Revenues for the quarter rose by 25.84% to SAR 111.04 million from SAR 88.24 million in the prior-year period.
The company attributed this growth to strong performance in the refrigeration sector, which saw revenues jump by 165.80% to SAR 48.70 million, becoming the largest contributor to group turnover.
However, overall profitability was pressured by a shift in the revenue mix toward lower-margin segments, causing the gross profit margin to tighten.
In April-June 2026, the company’s total order backlog grew by 54% year-on-year (YoY) to reach SAR 309 million, compared to SAR 200.50 million.
This includes a four-fold increase in the customized solutions backlog to SAR 136 million.
CGS maintained a debt-free balance sheet with total equity rising to SAR 207.29 million and a current ratio of 2.42. Earnings per share (EPS) for the quarter stood at SAR 0.08, versus SAR 0.09 a year earlier.
