Riyadh - Mubasher: Alghaz Waltsnae Company Eligibility Alqabida (GASCO Holding) reported a net profit amounting to SAR 141.40 million in the first half (H1) of 2026, a 22.04% increase from the SAR 115.86 million in H1-25.
The company attributed the growth to a SAR 220 million rise in gas sales revenue resulting from higher sales volumes and pricing, alongside increased contributions from commercial projects and transport services.
For the second quarter (Q2) of 2026, net profit reached SAR 59.20 million, a 9.83% increase compared to SAR 53.90 million in the prior-year quarter.
Quarterly revenue rose by 19.56% to SAR 884.90 million from SAR 740.10 million.
However, net profit declined by 27.98% on a sequential basis from the SAR 82.20 million in Q1-26, as revenues fell from SAR 962.40 million due to lower gas sales and reduced cylinder demand.
Operating profit for the half-year period rose by 32.63% to SAR 124 million, while earnings per share (EPS) improved to SAR 1.88 from SAR 1.54.
Total shareholders' equity, excluding non-controlling interests, stood at SAR 2.15 billion as of 30 June 2026.
GASCO Holding intends to pay out cash dividends valued at SAR 112.50 million for H1-26 on 10 September.
