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Alkimia Q2 profits reach 80.57M Riyals
Saudi Chemical Company Holding achieved a net profit of 80.57 million SAR in the second quarter of 2026, representing a year-over-year increase of 15.99%. This growth was driven by a decrease in the provision for doubtful debts, reduced financing costs, and gains from the valuation of derivative financial instruments, despite higher selling expenses, Zakat, and income tax. Revenues increased by 4.34% to reach 1.84 billion SAR, supported by higher sales volumes, yet profits declined by 7.61% compared to the previous quarter due to provisions for receivable impairments and taxes. For the first half of the year, profits rose by 10.57% to 167.78 million SAR, with revenues up by 4.68% to 3.57 billion SAR. However, gross profit decreased by 4.05%. Shareholders’ equity increased by 12.08% to 2.47 billion SAR, earnings per share rose to 0.20 SAR, and cash flows from operating activities turned positive, achieving a net inflow of 182.1 million SAR during the first half.
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