Riyadh – Mubasher: Seera Group Holding witnessed a sharp increase in net profit for the second quarter (Q2) of 2026, with earnings reaching SAR 80 million compared to SAR 3 million during the same period in 2025.
The company attributed the performance to record revenues at its travel subsidiary, Almosafer, alongside non-recurring gains from Careem deferred payments and asset disposal profits.
Revenue for the quarter climbed by 3.72% year-on-year (YoY) to SAR 1.25 billion from SAR 1.21 billion.
Gross profit grew by 14.12% to SAR 509 million, while operating profit climbed to SAR 126 million from SAR 60 million. The hospitality sector also contributed to growth, supported by the Ramadan and Hajj seasons.
For the first half (H1) of 2026, net profit reached SAR 122 million, up from SAR 40 million in H1-25. Total revenue for the half-year period hit SAR 2.34 billion.
Earnings per share (EPS) for the six-month period improved to SAR 0.44, compared to SAR 0.14 a year earlier. Total shareholders' equity was reported at SAR 5.88 billion.
The company noted that its Almosafer unit achieved its highest-ever quarterly revenue and EBITDA during the period.
During the January-March 2026 period, the listed group logged net profits valued at SAR 42 million.
