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Gulfar Engineering Profit Surge H1 2026
Gulfar for Engineering and Contracting (GECS) posted a staggering 908.29% year-over-year increase in profits during the first half of 2026, reaching 2.07 million SAR (5.36 million USD) compared to 205,000 SAR (531,510 USD) in the same period of 2025. This growth was driven by an 11.01% rise in the company's revenues, which reached 137.51 million SAR (356.52 million USD). Additionally, the consolidated profits surged dramatically by 3,436.62% to 2.51 million SAR (6.51 million USD), with total consolidated revenues increasing by 12.46% to 146.13 million SAR (378.84 million USD). This positive turnaround follows the company's return to profitability in 2025 after previous losses.
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