Taiba H1 2026 profit falls 17% to SAR 197.6M; Q2 at SAR 72.8M

05/08/2026 Argaam Exclusive

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Taiba Investments Co. posted a net profit fall of 17% to SAR 197.6 million in the first half of 2026, from SAR 238.4 million in the year-earlier period.



Financials (Million Riyal)

Item 6m 2025 6m 2026 Change‬
Revenues 727.84 762.50 4.8 %
Gross Income 299.31 283.62 (5.2 %)
Operating Income 242.91 222.47 (8.4 %)
Net Income 238.44 197.58 (17.1 %)
Average Shares 500.00 500.00 -
Earnings Per Share before unusual items (Riyals) 0.38 0.40 3.4 %
EPS (Riyal) 0.48 0.40 (17.1 %)

The company cited higher operating and depreciation expenses related to newly added properties in its portfolio. In the year-earlier period, Taiba benefited from the reversal of a legal provision following the settlement of a contractual dispute with one of the company's operators.

 

Excluding this one-off impact, net profit would have increased by SAR 6.6 million, or 3.5%, year-on-year (YoY), in H1 2026.

 

This came despite a 4.8% rise in operating revenue to SAR 762.5 million from SAR 727.8 million in Q2 2025, driven by higher hotel revenue, stronger Hajj and Umrah season revenue, and the addition of new properties to the portfolio, including Rixos Obhur Jeddah Resort, Novotel Madinah, and Crowne Plaza Riyadh Al Waha.

 

In Q2 2026, net earnings fell 32% to SAR 72.8 million from SAR 107.1 million in the year-earlier period. The year-earlier quarter included the reversal of a legal provision following the settlement of a contractual dispute between the company and one of its operators.

 

Excluding this one-off impact, net profit for the quarter would have increased by SAR 13.1 million, or 22% YoY.

 

This came despite a 1.8% YoY increase in operating revenue to SAR 376.8 million in the second quarter of 2026.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q2 2025 Q2 2026 Change‬
Revenues 370.01 376.84 1.8 %
Gross Income 125.21 113.57 (9.3 %)
Operating Income 93.58 78.79 (15.8 %)
Net Income 107.10 72.81 (32.0 %)
Average Shares 500.00 500.00 -
Earnings Per Share before unusual items (Riyal) 0.12 0.15 22.0 %
EPS (Riyal) 0.21 0.15 (32.0 %)

Similarly, net earnings dipped 41.7% from SAR 124.8 million in Q1 2026.

 

Total shareholders’ equity, after excluding minority interest, rose to SAR 6.92 billion as of June 30, 2026, from SAR 6.80 billion a year earlier.

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Share Price

Taiba Investments Co.
18.13
0.02 0.11 %

Taiba Investments Co. (TAIBA)

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Financial Ratios
Current
Market Cap (M Riyal) 9,065.01
Enterprise Value (EV) (M Riyal) 10,913.83
Shares Outstanding ((M)) 500.00
Recurring EPS ( Riyal) (TTM) 0.53
Book Value (BV) ( Riyal) 13.85
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 34.06
P/E (TTM) 27.98
Price/book 1.31
Dividend Yield (%) (Last Year) 1.87
Return on Average Assets (%) (TTM) 3.2
Return on Average Equity (%) (TTM) 4.7
EV/adj EBITDA 19.42
EV/Revenues 7.80
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