Aqua Q2 profits drop 36% despite 2B Riyal revenue
The article discusses Acwa Power's results for the second quarter of 2026, which recorded a net profit decline of 36%, amounting to 308.42 million SAR compared to 481.83 million SAR in the same quarter of the previous year. This decrease is attributed to a decline in operating revenues, the performance of invested companies, and increased expenses. Despite this, the company experienced an 8.6% growth in total sales during the first half of the year, with revenues reaching 4.03 billion SAR, driven by strong performance in the energy, operations, and maintenance sectors. However, net profits fell by 28.14%, totaling 653.17 million SAR. The performance was also affected by a decrease in financing expenses and an increase in financing revenues, with an explanation that the drop in revenues is due to the absence of prior compensations and the impact of operational disruptions in the sector.
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