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Al-Othaim Markets Q2 2026 Loss
Abdullah Al Othaim Markets Company recorded a shift from profitability to loss in the second quarter of 2026, with net losses amounting to 107.13 million SAR, compared to a profit of 41.14 million SAR in the same period last year. The main reason for this change is increased warehousing provisions due to challenges in implementing the Enterprise Resource Planning (ERP) system, which led to a decline in sales and a decrease in profit margins, along with higher expenses related to e-commerce. Consolidated sales decreased by 1.02%, with retail branch sales falling by 3.8%, despite growth in online sales that partially offset the decline. On a semi-annual basis, the company shifted to a loss of 53.5 million SAR, compared to a profit of 117.5 million SAR in the first half of last year.
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