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The National Shipping Company of Saudi Arabia (Bahri) announces its interim financial results for the period ending on 30-06-2026 (Six Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 6,305.39 | 2,461.32 | 156.179 | 4,964.22 | 27.016 |
| Gross Profit (Loss) | 2,800.88 | 695.92 | 302.471 | 2,302.42 | 21.649 |
| Operational Profit (Loss) | 2,756.72 | 520.17 | 429.965 | 2,218.5 | 24.26 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,746.82 | 407.45 | 574.148 | 2,149.21 | 27.806 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,558.69 | 378.55 | 575.918 | 2,102.27 | 21.71 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 11,269.61 | 4,627.96 | 143.511 |
| Gross Profit (Loss) | 5,103.3 | 1,343.75 | 279.78 |
| Operational Profit (Loss) | 4,975.22 | 1,064.84 | 367.227 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 4,896.02 | 940.27 | 420.703 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 4,660.96 | 880.52 | 429.341 |
| Total Shareholders Equity (after Deducting Minority Equity) | 19,007 | 13,767 | 38.062 |
| Profit (Loss) per Share | 5.31 | 1.02 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 main reason for the increase in revenues during the current quarter compared to the same quarter of last year was due to: The increase in revenues across all business units, particularly the Bahri Oil BU, whose revenues increased by SAR 3.4 billion, the Bahri Integrated Logistics BU increased by SAR 160 million and the Bahri Chemicals BU increased by SAR 133 million. This was mainly driven by increased operational activities and higher global freight rates during the current quarter compared to the same quarter of last year. |
| 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 main reason for the increase in net profit during the current quarter compared to the same quarter of last year was due to: - Gross profit increased by SAR 2.1 billion, driven by improved operational performance and higher global freight rates across several of the Group’s business units. Gross profit in Bahri Oil BU increased by SAR 1.8 billion, while Bahri Chemicals BU recorded an increase by SAR 233 million during the current quarter compared to the same quarter of last year. - Share of results from equity-accounted investees increased by SAR 131 million during the current quarter compared to the same quarter of last year. - Other income increased by SAR 73 million during the current quarter compared to the same quarter of last year, mainly due to the recognition of a capital gain from the sale of a vessel during the current quarter. - Finance income increased by SAR 30 million, in addition to a decrease in finance costs of SAR 25 million during the current quarter compared to the same quarter of last year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The main reason for the increase in revenues during the current quarter compared to the previous quarter was due to: Revenue increased across all business units, particularly Bahri Oil BU whose revenues increased by SAR 986 million, Bahri Integrated Logistics BU increased by SAR 152 million, Bahri Chemicals BU increased by SAR 103 million and Bahri Dry Bulk BU increased by SAR 99 million. This was primarily driven by increase in operational activities and higher global freight rates during the current quarter compared to the previous quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The main reason for the increase in net profit during the current quarter compared to the previous quarter was due to: - Gross profit increased by SAR 498 million, driven by improved operational performance and higher global freight rates across several of the Group’s business units. Gross profit in Bahri Oil BU increased by SAR 370 million, while Bahri Chemical BU recorded an increase of SAR 78 million during the current quarter compared to the previous quarter. - Other income increased by SAR 57 million during the current quarter compared to the previous quarter, mainly due to the recognition of a capital gain from the sale of a vessel during the current quarter. - Share of results from equity-accounted investees increased by SAR 49 million during the current quarter compared to the previous quarter. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The main reason for the increase in revenues during the current period compared to the same period of the last year was due to: Revenue increased across all business units, particularly Bahri Oil BU whose revenues increased by SAR 6 billion, Bahri Chemicals BU increased by SAR 233 million, Bahri Integrated Logistics BU increased by SAR 179 million and Bahri Dry Bulk BU increased by SAR 98 million. This was primarily driven by increase in operation activities and higher global freight rates during the current period compared to the same period of last year. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The main reason for the increase in net profit during the current period compared to the same period of the last year was due to: - Gross profit increased by SAR 3.8 billion, primarily driven by improved operational performance and higher global freight rates across all the Group’s business units. Gross profit of Bahri Oil BU increased by SAR 3.3 billion, while Bahri Chemicals BU recorded an increase of SAR 379 million during the current period compared to the corresponding period of the previous year. - Share of results from equity-accounted investees increased by SAR 112 million during the current period compared to the same period of last year. - Other income increased by SAR 88 million during the current period compared to the same period of last year, mainly due to the recognition of a capital gain from the sale of a vessel. In addition, finance income increased by SAR 52 million during the current period compared to the same period of last year. |
| 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 | Certain comparative figures for the previous period have been reclassified to conform with the presentation adopted in the current period. |
| Additional Information | For more information, please refer to the Earnings Release attached to the announcement. |
| Attached Documents |  |
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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