Riyadh — Mubasher: Riyadh Cables Group Company posted a net profit of SAR 588.79 million during the first half (H1) of 2026.
The positive earnings marked a 9.96% rise from SAR 535.47 million in H1-25, according to the financial results.
The company attributed the growth in profitability primarily to an increase in sales volumes.
Revenue for January-June 2026 rose by 9.49% to SAR 5.70 billion from SAR 5.20 billion a year earlier.
Operating profit for H1-26 grew by 8.61% to SAR 669.74 million.
Earnings per share (EPS) for the half-year period improved to SAR 3.93 when compared to SAR 3.58 in the prior-year period.
Total shareholders' equity, excluding non-controlling interests, stood at SAR 3.47 billion as of 30 June 2026, which reflected a 19.09% increase from SAR 2.91 billion at the end of the same period in the previous year.
April-June 2026 Results
For the second quarter (Q2) of 2026, Riyadh Cables achieved a net profit of SAR 306.82 million, representing a 9.86% increase over the SAR 279.29 million recorded in Q2-25.
Quarterly revenue grew by 7.92% to SAR 2.93 billion as of 30 June 2026.
In Q1-26, Riyadh Cables disclosed SAR 281.96 million for net profits to the owners, while its revenue hit SAR 2.76 billion.
