Riyadh — Mubasher: MOBI Industry Company reported a 168.74% surge in net profit for the second quarter (Q2) of 2026.

The earnings reached SAR 10.86 million in Q2-26 compared to SAR 4.04 million during Q2-25, according to a bourse filing.

The company attributed the growth to intensified marketing campaigns and an 85% increase in agricultural nutrient sales, which supported a 19.35% rise in quarterly revenue to SAR 68.80 million.

On a sequential basis, net profit declined 18.85% from the SAR 13.38 million recorded in Q1-26.

MOBI Industry noted that the quarter-on-quarter (QoQ) decrease in both sales and profit was primarily due to the seasonal peak in demand experienced during the month of Ramadan in the preceding quarter.

For the first half (H1) of 2026, the company’s net profit climbed 70.99% to SAR 24.23 million from SAR 14.17 million in the previous year.

Total revenue for the half-year period reached SAR 141.56 million, representing a 19.13% year-on-year (YoY) increase.

Earnings per share (EPS) for the six-month period rose to SAR 0.48 from SAR 0.28 in H1-25.

Total shareholders' equity, excluding non-controlling interests, stood at SAR 88.68 million as of 30 June 2026.

It is worth noting that the listed company lately announced board mandate to distribute interim dividends for the 2026 and 2027 fiscal periods.