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Armaḥ Sports Q2 profits rise 48%
Aramuh Sports Company’s profits increased by 48.24% in the second quarter of 2026, supported by rising revenues and a decline in financing costs. The net profit reached 12.6 million riyals compared to 8.5 million riyals in the previous year. Revenues grew by 17.42% to reach 60 million riyals, while operating profits increased by 26.67% to 17.1 million riyals. This growth is attributed to a 15% increase in subscription revenue, a 34% rise in personal training income, and improved subscription renewal procedures, along with lower financing costs due to reduced loans and the decrease in the SOFR rate. In the first half of 2026, revenues increased by 11.04%, despite an 11.64% decline in net profit, which was offset by non-recurring gains recorded in the previous year.
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