Riyadh — Mubasher: Raoom Trading Company announced that its net loss shrank by 82.49% year-on-year (YoY) to SAR 480,000 in the second quarter (Q2) of 2026.
The annual plunge in losses was supported by a 4.44% increase in quarterly sales to SAR 25.25 million, according to a bourse filing.
Meanwhile, in the first half (H1) of 2026, Raoom Trading incurred a net loss of SAR 6.32 million, reversing a net profit of SAR 2.29 million as recorded in H1-25.
The company attributed the downturn to a sharp increase in revaluation losses on financial assets at fair value (FV), which reached SAR 11.49 million, alongside a 201.49% leap in financing costs to SAR 2.02 million.
Total revenue for H1-26 period fell by 6.10% to SAR 48.41 million from SAR 51.55 million in H1-25, driven by a decline in average selling prices.
This resulted in a 6.26% decrease in gross profit to SAR 13.81 million.
Consequently, the loss per share for the period stood at SAR 0.51, against earnings per share (EPS) of SAR 0.18 a year earlier.
Separately, the company announced it has eliminated its accumulated losses as of 30 June 2026, following a shareholder vote on 21 May 2026 to transfer SAR 18.75 million from statutory reserves to retained earnings.
Moreover, the total shareholders' equity stood at SAR 131.01 million at the end of June 2026.
