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Nasij reports Q2 loss of 4.61M riyals
Nesaj International Trading Company announced significant financial losses in the second quarter of 2026, with net losses amounting to 14.61 million SAR compared to a profit of 16.32 million SAR a year earlier. The decline in production and sales volumes, along with a decrease in cash liquidity, caused revenue to drop by 81.35% to 3.61 million SAR. The company also recorded larger overall financial losses, including operating profits and net results. During the first half of the year, the company posted a loss of 25.40 million SAR, with shareholders' equity declining to a loss of 10.39 million SAR. Its accumulated losses exceeded 119.36 million SAR, representing 109.53% of its capital. This necessitates legal measures, the implementation of restructuring plans, and addressing financial obligations. These results indicate continued financial deterioration of the company, with warnings that if necessary recovery and operational plans are not implemented, the company's situation is likely to persist in its current state.
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