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Al-Bawani profits rise 68.94% Q2 2026
The company's financial results showed that "Bawan" achieved a net profit increase of 68.94% in the second quarter of 2026, reaching 53.94 million Saudi Riyals. This growth was supported by higher revenues and improved performance in the oil and gas sectors, plastics industries, and metals, as well as a reduction in financing costs. Despite rising operational expenses, increased sales and better pricing contributed to these profits. The company also experienced a slight year-over-year increase in revenues of 0.45%, totaling 970.52 million Riyals. In the first half of the year, net profit declined by 41.52% to 105.87 million Riyals, primarily due to the absence of one-time gains from previous acquisitions, even though it benefited from oil and gas revenues and improved performance in other sectors. Revenues for this period reached 2.002 billion Riyals, marking a 6.69% increase, while gross profit rose by 26.09%.
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