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Ades Holding Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,390,736 | 1,470,138 | 62.619 | 1,986,061 | 20.375 |
| Gross Profit (Loss) | 878,849 | 590,184 | 48.911 | 744,658 | 18.02 |
| Operational Profit (Loss) | 675,267 | 475,605 | 41.98 | 584,810 | 15.467 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 236,442 | 194,155 | 21.78 | 220,685 | 7.14 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 252,879 | 168,316 | 50.24 | 191,438 | 32.094 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 6,768,046 | 6,418,901 | 5.439 |
| Profit (Loss) per Share | 0.21 | 0.18 | |
| All figures are in (Thousands) 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 (Thousands) 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 | ADES recorded robust revenues of SAR 2,390.7 million in 1Q 2026 (47.4% generated from GCC countries), reflecting an increase of 62.6% year-over-year compared to 1Q 2025. This reflects the Group’s operational excellence across its core markets, alongside contributions from the acquisition of Shelf Drilling and expanded international operations. |
| 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 year-over-year in 1Q 2026 is mainly driven by the contribution of Shelf acquisition. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues increased by 20.4% to SAR 2,390.7 million in 1Q 2026, compared to SAR 1,986.1 million in 4Q 2025, mainly reflecting the full quarter contribution of the acquisition of Shelf Drilling compared to a one month contribution in the previous quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | 1Q 2026 net profit increased versus 4Q 2025, due to the full quarter contribution of the acquisition of Shelf Drilling compared to a one month contribution in the previous quarter. |
| 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) | Unmodified conclusion |
| Reclassification of Comparison Items | N/A |
| Additional Information | * EPS is calculated based on the weighted average number of ordinary shares of 1,104,150 thousand shares in Q1 2026 compared to 1,100,936 thousand shares during Q1 2025. **Operating profit is calculated as Gross profit less General and administrative expenses. *** The net profit for the period equals SAR 240,853 thousands in Q1 2026 compared to 196,679 thousands in Q1 2025 |
| 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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