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Alkhozama's H1 Profits Drop 52%
The preliminary financial results of Al-Khozama Commercial show a 52% decrease in net profit during the first half of 2026, reaching 5.29 million riyals compared to 11 million riyals in the same period last year. This decline is attributed to a reduction in gross profit margin from 20.7% to 14.2%, due to geopolitical conditions and their impact on the cost of food products, as well as increased general and administrative expenses and the commencement of consolidating the results of Erth Hospitality Company in the financial statements. Nonetheless, revenues grew by 5.21% to 158.07 million riyals, supported by the growth in restaurant operations within subsidiary companies. The company also invested 74.35 million riyals in new affiliated companies and sold its stake in two companies for 8 million riyals, achieving a profit of 4.77 million riyals.
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