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Al Thob Al Aseel Q2 profits reach 15.3M riyals
Thob Al-Aseel Company announced its preliminary financial results for the second quarter of 2026. The company achieved a net profit of 15.3 million SAR, a 65.76% increase compared to the same quarter of the previous year, driven by higher demand for its products and improved electronic sales channels. Sales totaled 103.91 million SAR, marking an 18.94% increase year-over-year, alongside improved operational and investment profit margins. For the first half of 2026, the company recorded profits of 81.74 million SAR, up 13.13%, with sales growing by 14.04%. However, the second quarter experienced a decline in sales by 58.9% and a drop in net profit by 76.97% compared to the first quarter, due to seasonal factors and peak demand during the Ramadan season. Additionally, total equity increased to 654.03 million SAR by the end of June 2026, reflecting a 4.67% rise.
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