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الاقتصادية
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Acwa profits fall to two-year low
Aqua Power's profits declined to their lowest level in two years, recording 308 million riyals in the second quarter of 2026, a decrease of 36% compared to the same period in 2025. This decline is partly due to extraordinary insurance income in the previous year. Excluding this income, the results indicate that the company's operational performance was more resilient, with an approximate 6% growth in operating profit. Aqua Power faces challenges related to expansion costs and increasing project portfolio, as financial obligations have risen and converting projects into profits quickly remains difficult, despite an improvement in free cash flow. This reflects pressure on the company's growth and ongoing expansion model.
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