Riyadh - Mubasher: Savola Group achieved net profit of SAR 401.06 million for the first half (H1) of 2026, representing a 36.017% increase from the SAR 294.86 million in H1-25.
The food and retail conglomerate attributed the growth to higher sales volumes in the food processing sector and a SAR 41 million non-recurring gain from exiting its operations in Sudan.
Revenues for the half-year period hit SAR 13.59 billion, up 3.88% from SAR 13.08 billion a year earlier.
Operating profit for the six months rose by 15.91% to SAR 696.04 million.
Earnings per share (EPS) climbed to SAR 1.35 at the end of June 2026 from SAR 0.99 in H1-25.
For the second quarter (Q2) of 2026, the net profit jumped by 10.25% to SAR 116.54 million from SAR 105.70 million in Q2-25.
Quarterly revenue grew by 8.56% to SAR 6.30 billion, supported by store expansions in the retail division and higher edible oil prices.
However, the company noted that quarterly profit fell by 59.03% compared to the previous quarter of 2026, citing seasonal consumption patterns and a SAR 13 million impairment of intangible assets in the retail sector.
As of 31 March 2026, the group’s net profits jumped by 50.41% YoY to SAR 284.52 million from SAR 189.16 million.
