Ayan to report Q2 2026 loss of 119.2M riyals
The preliminary financial results of Ayan Investment Company showed a shift to a loss in the second quarter of 2026, with a net loss of 119.2 million Riyals compared to a net profit of 17.79 million Riyals for the same period last year. The company also recorded losses in the previous quarter. It attributed this to a decline in revenues, along with increased cost of revenues and financing costs, despite a reduction in administrative expenses. Consequently, the company's accumulated losses amounted to 198.77 million Riyals, representing 19.75% of its capital. For the first half of the year, losses reached 87.22 million Riyals, compared to a profit of 384.27 million Riyals a year earlier.
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