Riyadh – Mubasher: Saleh Abdulaziz AlRashed & Sons Company posted 61.97% year-on-year (YoY) lower net profits after tax at SAR 15.65 million in the first half (H1) of 2026, compared to SAR 41.15 million.
Earnings per share (EPS) for the six-month period dropped to SAR 0.84 from SAR 2.21 a year earlier.
The company attributed the downturn to a 12.50% decrease in total revenues, which reached SAR 315.78 million.
This was driven by a 15% drop in aggregate sales and a 7% decline in asphalt sales, alongside a 40% slump in the spare parts segment.
Management cited regional geopolitical challenges and supply chain volatility as primary factors reducing demand and increasing operational input costs.
Gross profit margins for the half-year period contracted to 14% from 21% previously.
For the second quarter (Q2) of 2026, net profit reached SAR 6.40 million, representing an annual drop of 64.43% and a 30.81% decline compared to Q1-26.
Quarterly revenue stood at SAR 160.61 million, down 15.55% from the prior-year period. Total shareholders' equity, excluding non-controlling interests, rose by 7.09% to SAR 400.05 million as of 30 June 2026.
