Saudi Q1 2026 earnings: Consensus estimates

20/04/2026 Argaam Exclusive

Argaam tracked the average estimates of research houses for the earnings of 110 Saudi-listed companies in Q1 2026, compared with Q4 2025 and Q1 2025.

 

Rasan and Yansab are forecast to deliver the strongest year-on-year (YoY) earnings growth of 267% and 257%, respectively in Q1.
 
Meanwhile, Alamar and Saudi Energy were among the companies expected to post the steepest decline in earnings compared to Q1 2025.
 

On a quarter-on-quarter (QoQ) basis, Advanced is projected to record the biggest earnings surge of 2,888%.

 

Meanwhile, MBC Group is seen posting the largest drop, with earnings falling 1,643% from Q4 2025.

 

Sector-wise, the strongest earnings momentum is concentrated in IT, while the steepest declines are largely expected in utilities.

Profit Performance and Analyst estimates ( Million SAR )

Company Q1
2025		 Q2
2025		 Q3
2025		 Q4
2025		 Q1
2026
(Average Estimate)
STC 3648.95 3823.49 4106.94 3248.66 3278.60
ETIHAD ETISALAT 766.67 829.94 916.42 953.39 847.77
ZAIN KSA 92.77 127.37 152.81 230.59 128.24
JAHEZ 35.32 23.60 62.63 (48.57) 65.00
TASHEEL 57.81 59.80 81.55 74.48 66.70
TADAWUL GROUP 120.51 96.25 82.66 96.19 93.90
SNB 6021.90 6137.24 6468.66 6385.48 6186.92
ALINMA 1508.01 1573.26 1592.02 1723.87 1674.70
ALRAJHI 5906.04 6151.01 6360.20 6374.50 6470.73
ALBILAD 700.38 765.77 766.50 816.71 766.74
ANB 1303.69 1336.47 1329.46 1146.62 1193.67
BJAZ 361.00 382.13 400.13 362.17 384.60
RIBL 2486.01 2596.62 2687.40 2640.92 2534.33
SAB 2135.29 2126.60 2143.58 2046.62 2089.72
BSF 1337.89 1403.07 1352.93 1259.54 1361.00
SAIB 503.32 512.46 518.41 897.30 513.00
ALUJAIN (17.23) 12.43 16.39 (845.44) 14.50
SIIG 18.23 19.63 8.33 (149.87) 28.63
YANSAB 13.67 44.55 74.19 (53.31) 48.81
SABIC AGRI-NUTRIENTS 984.58 1059.74 1289.87 987.88 1262.72
ADVANCED 72.00 81.61 71.81 1.00 29.88
ALDREES 100.09 99.66 113.82 108.28 99.50
SAUDI ARAMCO 95676.00 85632.00 97264.00 69470.00 95000.00
SASCO 4.28 29.70 8.41 21.89 5.45
ADES 194.16 188.60 214.57 220.69 225.12
LUBEREF 221.51 245.20 278.83 109.78 256.00
RIYADH CEMENT 75.68 57.47 14.75 59.92 48.23
ACC 23.55 20.51 65.49 55.45 34.50
EPCCO 62.08 63.35 35.66 41.37 48.95
QACCO 88.62 61.06 41.39 68.86 48.00
SAUDI CEMENT 108.49 95.46 53.23 106.51 70.37
YC 142.08 121.00 35.87 183.93 78.18
YCC 29.91 21.62 28.37 24.57 16.05
UACC 10.91 9.90 11.81 13.16 8.20
CITY CEMENT 51.54 36.38 8.75 32.26 28.83
A.OTHAIM MARKET 76.36 41.14 17.48 115.12 72.33
ALDAWAA 105.17 86.57 69.06 - 110.50
SACO 5.07 5.08 39.36 (3.93) 6.40
SHAKER 27.21 19.90 17.82 16.83 28.70
EXTRA 86.10 106.54 142.75 161.61 97.85
JARIR 217.29 197.18 324.91 309.81 233.76
BINDAWOOD 67.12 51.83 42.07 108.91 64.26
NAHDI 255.16 238.40 161.25 175.92 227.33
NICE ONE 24.12 (1.29) 5.92 (25.78) 20.90
ALMAJED OUD 120.90 24.33 30.11 42.27 130.15
JAMJOOM PHARMA 157.03 132.02 106.67 68.07 162.96
AVALON PHARMA 19.40 24.81 8.28 44.52 24.53
ASTRA INDUSTRIAL 171.87 174.92 167.44 152.57 178.28
SPORT CLUBS 3.41 6.87 16.32 14.58 5.00
LEEJAM SPORTS 70.89 73.11 82.09 78.79 60.80
SAUDI GERMAN HEALTH 160.13 63.67 40.29 37.79 29.45
SULAIMAN ALHABIB 557.01 591.02 602.28 651.16 643.49
ALMOOSA 51.13 51.77 51.64 82.00 51.90
SMC HEALTHCARE 29.64 36.36 66.25 133.98 68.70
DALLAH HEALTH 155.56 124.26 141.90 116.55 106.73
MOUWASAT 197.05 186.97 199.66 238.37 194.33
CARE 85.37 79.94 82.20 70.96 82.00
FAKEEH CARE 72.20 82.12 71.64 64.22 35.30
ALHAMMADI 73.93 61.96 51.89 54.08 58.46
ALMASAR ALSHAMIL 40.25 50.17 (19.56) 59.57 50.10
ATAA 20.41 37.76 13.88 28.52 20.50
BURGERIZZR 2.20 1.07 3.65 3.99 3.10
ALMUNAJEM 40.03 30.99 31.69 57.16 60.20
AMERICANA 122.43 224.37 160.91 314.00 143.03
ARABIAN MILLS 63.94 53.62 62.54 56.94 65.00
FOURTH MILLING 52.70 34.05 52.12 61.93 58.00
ALAMAR (0.87) 15.29 15.66 17.49 2.00
MODERN MILLS 65.64 49.67 56.14 52.34 64.83
FIRST MILLS 79.66 51.41 71.66 74.72 76.20
CATRION 74.78 65.39 97.02 76.43 70.23
NADEC 103.42 115.26 110.67 63.99 86.00
SAVOLA GROUP 189.16 105.70 385.56 194.04 181.00
SADAFCO 126.11 117.66 184.53 49.08 95.10
ALMARAI 731.19 646.87 613.24 464.79 707.00
SAUDI ENERGY (1194.00) 3058.24 3047.17 (894.19) 1245.50
MIAHONA 61.43 7.35 4.56 (0.93) 2.40
GAS 31.31 38.82 38.15 42.51 35.00
AWPT 58.15 61.66 69.59 66.35 69.60
MARAFIQ 117.94 109.60 170.67 51.22 85.00
TAWUNIYA 261.69 467.42 173.26 200.75 275.00
BUPA ARABIA 380.23 286.25 364.01 48.60 408.25
SSP 50.23 70.83 26.28 44.19 48.50
MESC 19.20 29.91 20.31 32.25 28.00
RIYADH CABLES 256.18 279.28 281.49 263.44 276.02
MAADEN 1549.96 1921.84 2205.13 1670.95 1844.55
AMAK 55.24 73.05 81.37 70.94 76.50
CENOMI CENTERS 216.92 472.90 500.65 76.42 143.75
RETAL 68.13 66.12 55.50 103.55 52.00
DAR ALARKAN 209.73 238.64 255.64 430.17 205.00
TAIBA 131.34 107.10 60.39 64.77 92.20
ALAKARIA 135.17 94.45 38.90 27.44 4.00
LUMI 53.15 54.21 52.71 38.02 47.76
SGS 97.63 99.37 101.50 106.21 80.90
FLYNAS 147.86 (862.51) 120.22 67.43 83.40
BUDGET SAUDI 82.76 85.63 80.27 97.11 87.53
SAL 153.09 162.24 180.89 201.67 154.06
THEEB 45.36 47.79 50.17 36.93 42.34
CHERRY 15.46 16.59 21.20 17.79 15.00
MBC GROUP 231.81 151.01 19.74 (20.03) 309.00
SEERA 37.07 3.07 34.15 (27.89) 13.57
SOLUTIONS 360.67 446.33 416.85 278.69 355.49
2P 32.29 35.03 32.78 34.09 33.20
AZM 10.14 7.24 8.01 12.06 12.00
ELM 495.73 589.64 558.73 446.25 501.73
MIS 33.85 32.28 25.10 4.86 8.90
RASAN 30.00 45.02 82.32 89.47 110.00
SMASCO 40.49 29.53 40.60 40.02 45.45
MAHARAH 44.46 44.22 44.46 139.46 51.50
TAMKEEN 25.63 26.70 23.93 18.84 22.80
ALMAWARID 29.94 32.38 36.98 39.16 37.97

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