Electrical Industries Q2 profits reach 211.5M
Electrical Industries Company achieved a net profit of 211.53 million SAR in the second quarter of 2026, marking a 54.72% increase compared to the same period last year. This growth was supported by increased sales and a diversification of higher-margin products. Revenues also rose by 33.35%, reaching 708.57 million SAR, driven by higher demand in high-voltage projects, industrial sectors, and oil and gas, as well as export growth. For the first half of 2026, profits increased by 54.64% to 402.3 million SAR, while sales grew by 31.98% to 1.37 billion SAR, despite higher selling and distribution expenses and financing costs. The results concluded with a note that refunds from the General Authority for Competition have not yet been included in the financial results.
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