Dar Albalad for Business Solutions Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 82,245,966 | 79,195,439 | 3.851 | 84,326,298 | -2.467 |
| Gross Profit (Loss) | 16,217,534 | 15,261,402 | 6.265 | 19,291,140 | -15.932 |
| Operational Profit (Loss) | 12,826,459 | 12,207,974 | 5.066 | 15,401,166 | -16.717 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 11,143,034 | 11,247,004 | -0.924 | 14,321,964 | -22.196 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 11,143,034 | 11,247,004 | -0.924 | 14,321,964 | -22.196 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 166,572,265 | 155,754,131 | 6.945 |
| Gross Profit (Loss) | 35,508,673 | 31,508,541 | 12.695 |
| Operational Profit (Loss) | 28,227,624 | 25,690,060 | 9.877 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 25,464,996 | 24,752,549 | 2.878 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 25,464,996 | 24,752,549 | 2.878 |
| Total Shareholders Equity (after Deducting Minority Equity) | 205,294,871 | 151,265,342 | 35.718 |
| Profit (Loss) per Share | 0.365 | 0.354 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenues for the second quarter of 2026 increased by 3.85% to reach SAR 82,245,966, compared to SAR 79,195,439 for the same quarter of 2025, an increase of SAR 3,050,527 or 3.9%. This increase is mainly due to the growth in business solutions revenues for the parent company by SAR 8,561,965, reaching SAR 79,903,103 compared to SAR 71,341,138. This growth was partially offset by a decrease in the subsidiary's revenues by SAR 5,511,438 to reach SAR 2,342,863, compared to SAR 7,854,301, as a result of geopolitical conditions and their impact on industrial maintenance and Reclamation services. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit for the second quarter of 2026 decreased by 0.92% to reach SAR 11,143,034, compared to SAR 11,247,004 for the same quarter of the previous year, a decrease of SAR 103,970. This decrease occurred despite an increase in operating profit by SAR 618,485 to reach SAR 12,826,459, compared to SAR 12,207,974. This was due to an increase in net unrealized losses from investment revaluation to SAR 464,748 compared to SAR 121,923 (an increase of SAR 342,825), an increase in estimated Zakat expense to SAR 1,403,303 compared to SAR 1,030,246 (an increase of SAR 373,057), in addition to a net negative impact from other items amounting to SAR 6,569. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues for the current quarter decreased by 2.47% to reach SAR 82,245,966, compared to SAR 84,326,298 for the previous quarter, a decrease of SAR 2,080,332. This is mainly attributed to a 48.7% decline in the subsidiary's revenues to reach SAR 2,342,863, compared to SAR 4,567,325, a decrease of SAR 2,224,462, driven by lower revenues from Reclamation services. On the other hand, business solutions revenues for the parent company increased by 0.2% to reach SAR 79,903,103, compared to SAR 79,758,973, an increase of SAR 144,130. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit for the current quarter decreased by 22.20% to reach SAR 11,143,034, compared to SAR 14,321,964 for the previous quarter, a decrease of SAR 3,178,930. This is mainly attributed to a 16.72% decline in operating profit to reach SAR 12,826,459, compared to SAR 15,401,166, a decrease of SAR 2,574,707, impacted by a 2.47% decrease in revenues to SAR 82,245,966 and a 15.93% drop in gross profit to SAR 16,217,534. Additionally, net unrealized losses from investment revaluation increased to SAR 464,748 compared to SAR 50,369 (an increase of SAR 414,379), estimated Zakat expense increased to SAR 1,403,303 compared to SAR 1,285,589 (an increase of SAR 117,714), alongside a net negative impact from other items amounting to SAR 72,130. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenues for the first half of 2026 increased by 6.95% to reach SAR 166,572,265, compared to SAR 155,754,131 for the same period of the previous year, an increase of SAR 10,818,134. This increase is mainly due to the growth in business solutions revenues for the parent company by SAR 18,038,846, reaching SAR 159,662,077 compared to SAR 141,623,231. This growth was partially offset by a decrease in the subsidiary's revenues by SAR 7,220,712 to reach SAR 6,910,188, compared to SAR 14,130,900, as a result of geopolitical conditions and their impact on industrial maintenance and Reclamation services. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit for the current period increased by 2.88% to reach SAR 25,464,996, compared to SAR 24,752,549 for the same period of the previous year, an increase of SAR 712,447. This is mainly attributed to an increase in operating profit by SAR 2,537,564 to reach SAR 28,227,624, compared to SAR 25,690,060. This increase was partially offset by recording net unrealized losses from investment revaluation amounting to SAR 515,118, compared to investment gains of SAR 844,708 (a net negative impact of SAR 1,359,826), along with an increase in estimated Zakat expense by SAR 746,838, while the net positive impact from other items reached SAR 281,547. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | Total equity as of June 30, 2026, increased by 35.72% to reach SAR 205,294,871, compared to SAR 151,265,342 for the same period of the previous year, an increase of SAR 54,029,529. |
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