Riyadh — Mubasher: Saudi Industrial Investment Group (SIIG) achieved a net profit of SAR 194 million during the first half (H1) of 2026, representing a 410.53% leap from SAR 38 million in H1-25.
This half-year growth was supported by improved average selling prices for certain products and lower depreciation expenses following a re-evaluation of fixed asset lifespans, according to a bourse filing.
Operating profit for the six-month period stood at SAR 192 million, surging from SAR 33 million in H1-25.
Earnings per share (EPS) for the January-June 2026 period rose annually to SAR 0.29 from SAR 0.05.
Moreover, total shareholders' equity was reported at SAR 8.78 billion, a 3.09% decrease from SAR 9.06 billion in H1-25.
On the other hand, during the second quarter (Q2) of 2026, the listed entity SIIG reported a net loss of SAR 58 million, reversing a net profit of SAR 20 million recorded in Q2-25.
The company also saw a sharp decline from the preceding quarter, where it posted a profit of SAR 252 million.
SIIG noted that the quarterly downturn was primarily driven by a lower share of profits from jointly managed projects.
The company cited increased feedstock costs and reduced sales volumes resulting from supply chain challenges.
Additionally, general and administrative expenses rose, while returns from Islamic Murabaha decreased due to lower average invested cash.
In Q1-26, the Saudi investment firm SIIG witnessed a 1,300% leap in net income when compared to SAR 18 million in Q1-25.
