GIB Capital previews Q2 2026 earnings

GIB Capital released its Q2 2026 earnings forecasts for several Saudi-listed companies under its coverage.
 
The brokerage expects Saudi National Bank (SNB) to post a 1% decline year-on-year (YoY) in net profit to nearly SAR 6.1 billion for the three-month period.
 

GIB Capital’s Q2 2026 Earnings Estimates (SAR mln)

Company

Q2 2026

(projected)

YoY Change

Petrochemicals

Alujain

68

+448%

Sipchem

(395)

--

Kayan

(652)

--

Energy

Arabian Drilling

(68)

--

ADES Holding

116

(38%)

Materials

Luberef

1,016

+314%

AMAK 

73

(0.1%)

Utilities

Miahona

3

(59%)

Banks

SNB

6,088

(1%)

Tadawul Group

63

(35%)

Retail

Jarir

214

+9%

SASCO*

4

(87%)

Food

Tanmiah 

8

--

Entaj

17

(8%)

First Mills 

62

+21%

Modern Mills

58

+17%

Arabian Mills

63

+18%

Consumer Services

Americana

236

+5%

Alamar*

16

+5%

Leejam*

61

(17%)

Sport Clubs

12

+74%

Seera

54

+1,642%

Capital Goods

Riyadh Cables

265

(5%)

Astra

151

(14%)

GAS

36

(7%)

Transport

Theeb

38

(21%)

Budget Saudi

63

(26%)

Lumi

36

(34%)

Cherry

16

(4%)

flynas

(270)

--

SAL

174

+7%

Software & Services

Elm

626

+6%

Azm*

13

+7%

Healthcare

Sulaiman Al Habib

625

+6%

Mouwasat

193

+3%

Al Hammadi

60

(3%)

Jamjoom Pharma

135

+2%

Avalon Pharma

28

+13%

Real Estate Management & Development

Al Akaria

13

(86%)

Cenomi Centers*

80

(83%)

Retal*

44

(33%)

Masar

288

+22%

Commercial & Professional Services

Al Mawarid

49

+51%

SMASCO

47

+59%
*SASCO: Q2 2026 include a fair value gain of SAR 28 mln on an investment in X.AI, and fair value impairment losses of SAR 8.2 mln.

*Alamar: The quarter includes the impact of the acquisition of the Five Guys franchise.

*Leejam: The second quarter of 2025 included gains from the reversal of non-recurring items amounting to SAR 4.6 mln, and a loss on an investment in an associate company.

*Azm: The fourth quarter ended in June 2026.

*Cenomi Centers: Net profit adjusted for fair value gains/losses and non-recurring items.

*Retal: The second quarter of 2025 included non-recurring gains amounting to SAR 40.6 mln.

 

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Quotes

ALUJAIN
28.32
0.44 1.58%
JARIR
16.78
(0.42) (2.44%)
ALAKARIA
17.28
(0.13) (0.75%)
SASCO
40.00
(0.20) (0.50%)
SIPCHEM
13.40
(0.20) (1.47%)
SAUDI KAYAN
5.04
0.04 0.80%
BUDGET SAUDI
28.82
(0.06) (0.21%)
SEERA
20.75
(0.08) (0.38%)
ASTRA INDUSTRIAL
125.90
(1.20) (0.94%)
MOUWASAT
60.25
0.25 0.42%
LUMI
29.68
(0.26) (0.87%)
MASAR
17.51
(0.04) (0.23%)
SNB
39.56
(0.34) (0.85%)
ALHAMMADI
26.72
0.22 0.83%
TADAWUL GROUP
123.60
(0.60) (0.48%)
FLYNAS
50.00
0.12 0.24%
RIYADH CABLES
110.00
3.90 3.68%
SULAIMAN ALHABIB
215.10
2.80 1.32%
ARABIAN DRILLING
90.00
1.50 1.69%
LEEJAM SPORTS
70.55
0.20 0.28%
LUBEREF
134.70
0.90 0.67%
CENOMI CENTERS
16.20
(0.05) (0.31%)
THEEB
22.51
0.05 0.22%
RETAL
11.20
0.07 0.63%
SAL
164.60
1.60 0.98%
ELM
688.50
29.50 4.48%
ARABIAN MILLS
45.84
(0.62) (1.33%)
TANMIAH
58.00
(1.00) (1.69%)
ALAMAR
37.64
(0.48) (1.26%)
GAS
16.36
0.06 0.37%
AMAK
71.00
(1.50) (2.07%)
AZM
21.98
(0.42) (1.88%)
ADES
18.00
0.13 0.73%
AMERICANA
2.12
0.00 0.00%
ALMAWARID
107.30
(2.10) (1.92%)
JAMJOOM PHARMA
142.40
(4.20) (2.86%)
FIRST MILLS
51.70
(0.15) (0.29%)
MIAHONA
12.90
(0.18) (1.38%)
SPORT CLUBS
6.69
0.07 1.06%
AVALON PHARMA
59.80
(0.20) (0.33%)
MODERN MILLS
28.54
(0.02) (0.07%)
ENTAJ
26.30
0.10 0.38%
CHERRY
22.81
0.10 0.44%


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