Baazeem's Q2 profit reaches 6.97m
Arabian Company B AAC's profits in the second quarter of 2026 increased by 22.87% year-over-year, reaching 6.97 million SAR compared to 5.67 million SAR in the same period last year. Profits decreased by 27.51% compared to the previous quarter, which recorded profits of 9.61 million SAR. This decline is due to a 4.08% quarterly decrease in revenues, which amounted to 72.06 million SAR compared to 75.13 million SAR in the prior quarter. For the first half of the year, the company saw a 15.89% increase in net profit, amounting to 16.58 million SAR, while revenues grew by 10.80% to reach 147.19 million SAR, supported by improvements in gross profit and operating profit. The results indicate a rise in demand for certain product categories offered by the company, despite the seasonal quarterly decline in revenue. Additionally, shareholders’ equity increased by 4.49%, and earnings per share rose to 0.16 SAR. The company is still in the process of evaluating its investment rights in B AAC Trading Establishment in Qatar, awaiting a legal opinion from Qatari authorities regarding the enforceability of its rights in that investment.
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