Bahraini Firms' Q2 Profits Hit $572.2M

A report shows that the performance of listed Bahraini companies during the second quarter of 2026 remained largely stable, with total revenues increasing by 8.9% year-over-year to $4.7 billion. Net profits experienced a slight decline of 0.4%, reaching $572.2 million. The main drivers of profits were the basic materials sector, particularly Aluminum Bahrain (Alba), which saw its net profits explode by more than 2.6 times to $172.1 million, supported by rising global aluminum prices. Although the banking sector still contributes significantly, its profits decreased by 1.3%, with most banks experiencing lower earnings in the first half of the year. The results also revealed that overall profits of Gulf companies rose to a record level of $74.8 billion in the second quarter, up 31.3% annually. These results were boosted by rising oil prices, especially in Saudi Arabia, the UAE, and Kuwait, despite some countries like Qatar and Bahrain experiencing a decline in profits. In Saudi Arabia, company profits increased by 36.7% in the quarter, led by the energy sector, which grew by 38.8% to $66.9 billion, achieving record profits from Aramco, which posted $33.4 billion during the quarter. Overall, the results show continued stability and profitability in certain sectors of the Bahraini and regional markets, despite global economic challenges.

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