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Saudi Energy announces its interim consolidated condensed financial results for the period ending on 31-03-2026 (Three Months)

5110
SAUDI ENERGY
-2.23 %
1447/11/19     06/05/2026 09:15:50

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 21,33619,5009.41523,948-10.906
Gross Profit (Loss) 3,8062,87432.4283,10322.655
Operational Profit (Loss) 3,1722,34835.0932,9597.198
Net Profit (Loss) Attributable to Shareholders of the Issuer 1,83396889.3591,39131.775
Total Comprehensive Income Attributable to Shareholders of the Issuer 1,965752161.3031,36044.485
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 259,648257,8110.712
Profit (Loss) per Share -0.1-0.29
All figures are in (Millions) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Millions) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The increase in operating revenues during the current quarter compared to the corresponding quarter of the previous year, is mainly attributed to 1) the increase in required revenue recognized during the current quarter, attributable to the growth in the grid's regulated asset base 2) growing demand for electric power, 3) increased electricity production revenue by Saudi Energy, and 4) continued expansion in the subscribers’ base.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The increase in net profit of the current quarter compared to the corresponding quarter of the previous year is mainly due to 1) the increase in required revenue recognized during the current quarter attributable to the growth in the grid's regulated asset base, 2) higher electricity production revenue, supported by continued growth in power demand 3) improved operating efficiency despite growing business and expanding operating asset base, and 4) decrease in the provisions for trade receivables from power consumers reflecting improved collection rates.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The decrease in revenues during the current quarter compared to the previous quarter is mainly due to the lower volume of power sold reflecting seasonality of sales.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The increase in net profit during the current quarter compared to the previous quarter is mainly due to a decrease in the company’s operating costs because of lower volume of power sold in the current quarter, reflecting seasonality of sales
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) None
Reclassification of Comparison Items None
Additional Information The net loss attributable to ordinary shares for the first quarter of 2026 after deducting the Mudaraba instrument distributions of SAR 2,235 million amounted to SAR 403 million, compared to a net loss of SAR 1,194 million for the same quarter last year. Accordingly, the basic and diluted loss per share improved to SAR 0.10 in the current quarter, compared to a loss of SAR 0.29 in the same quarter of the previous year.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price 17.1
Net Change -0.39 (-2.23%)
Value Traded (Sar) 29,465,805.74
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