24 Hrs
Source:
الاقتصادية
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Saudi Moraqif posts second quarterly loss
Garamik Water and Electricity Company in Jubail and Yanbu recorded a loss of 46 million Riyals in the second quarter of 2026, marking the second such loss since its listing on the Saudi market. Its revenues increased by 22% compared to the same period last year, but this was largely due to an exceptional settlement impact on electricity consumption tariffs, rather than an improvement in operational activity. The decline in water demand, especially in the Industrial Jubail area, put pressure on revenues, which fell by about 23 million Riyals, despite a partial recovery in the energy and gas sectors.生产成本上涨，特别是燃料和运输成本，导致利润空间缩小，尽管自由现金流增加了32%，债务比例保持稳定。performance indicates that rising costs and weak demand are impacting the company's margins, with no clear timeline for a future demand recovery.
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