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Mohammed Hadi Al Rasheed and Partners Co. announces its Interim Financial results for the period ending on 2026-06-30 ( Six Months )
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 203,291,034 | 178,588,080 | 13.832 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 30,489,112 | 46,890,577 | -34.978 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 321,882,415 | 253,552,960 | 26.948 | ||
| Profit (Loss) per Share | 1.69 | 2.61 | |||
| All figures are in (Actual) 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 (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue reached SAR 203.3 million in the first half of FY2026, compared to SAR 178.6 million in the corresponding period of the previous year, representing an increase of 13.8%. The increase was primarily driven by higher sales following the commencement of work under the previously announced high-quality silica sand supply contract with National Energy Services Reunited Corp. (NESR) for the Jafurah Field project, which contributed to revenue growth during the period. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net income amounted to SAR 30.5 million in the first half of FY2026, compared to SAR 46.9 million in the corresponding period of the previous year, representing a decrease of 35.0%. The decline was mainly attributable to the lower contribution from the Military Equipment Maintenance segment, reflecting the contractual and tender-based nature of the business and the resulting variation in project timing and profitability between periods. The segment contributed SAR 23.2 million in gross profit in the corresponding period of the previous year. Profitability was also impacted by higher finance costs of SAR 2.9 million, as well as a SAR 4.2 million increase in general and administrative expenses to support the Company’s business expansion and the commencement of work under the high-quality silica sand supply contract with National Energy Services Reunited Corp. (NESR) for the Jafurah Field project. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the classification applied for the period ended 30 June 2026. |
| Additional Information | Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to SAR 45.3 million in the first half of FY2026, compared to SAR 56.6 million in the corresponding period of the previous year, representing a decrease of 20.0%. |
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 58.85
Net Change 0.0 (0.0%)
Value Traded (Sar) 1,473.6
Volume Traded 25
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