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المواطن
Saudi Energy Reports H1 2026 Profit Rise
Saudi Energy announced its financial results for the first half of 2026, recording a 7.5% increase in net profit to reach 6.7 billion riyals, with operating revenues rising by 10.5% to 52.2 billion riyals. The performance was supported by expanded investments and growth in the asset base and revenues, along with improved operational reliability and providing reliable electricity supplies during the Hajj season. The total generation capacity reached 56.9 gigawatts, while renewable energy capacity increased to 17.8 gigawatts. The company continues to expand its transmission and distribution networks and enhances station readiness, maintaining strong credit ratings and supporting the national transformation efforts aligned with Saudi Arabia's Vision 2030.
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