Armah Sports quarterly profit rises 48%
The article reveals Armah Sports Company's performance in the second quarter of 2026, where it recorded a year-over-year increase in profits of 48.24%, with a net profit of 12.6 million riyals compared to 8.5 million riyals in the same period last year. Revenues also rose by 17.42% to 60 million riyals, while gross profit increased to 27.6 million riyals, and operating profit grew to 17.1 million riyals. This growth is attributed to an increase in subscriptions (up 15%) and training services (up 34%), along with improved operational performance and a reduction in financing costs due to the decline in loans and Saudi Interbank Offered Rate (SIBOR). Regarding the first half of 2026, revenues increased to 113.7 million riyals, but net profit declined by 11.64% to 24.3 million riyals, influenced by non-recurring gains recorded in 2025 and costs associated with opening new clubs. Overall, the results indicate an improvement in operational performance, despite a decrease in net profits in the first half compared to the previous year.
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