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Petrol Nas reports 46% profit drop H1 2026
Nas Petroleum Company’s financial results showed a 46.19% decrease in net profit during the first half of 2026, reaching 1.56 million riyals compared to 2.90 million riyals in the same period of the previous year. Revenues declined by 22.27%, totaling approximately 30.18 million riyals, due to a decrease in sold quantities as a result of regional geopolitical developments. This led to reduced profitability and a decline in the company’s sales during the same period, while shareholders’ equity increased by 1.15% to reach 61.63 million riyals.
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