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Facilities lose 46.45M Riyals in Q2 2026
The Jubail and Yanbu Electricity and Water Company announced a financial loss of 46.45 million riyals in the second quarter of 2026, compared to a profit of 109.6 million riyals during the same period last year. These losses are attributed to a rise in fuel costs by 40 million riyals, an increase in electricity transmission costs by 15 million riyals, a decline in other operating revenues by 15 million riyals, and the impact of non-recurring adjustments related to high consumption rates. Additionally, the company recorded a 64.3% decrease in profits for the first half of the year compared to the same period in 2025, with fuel costs increasing by 137 million riyals and new maintenance and transmission expenses, despite a reduction in financing costs by 49 million riyals. The company continues to implement development projects, including converting Yanbu stations to run on natural gas by 2029.
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