Alsaif Gallery profit falls 15% to SAR 42.19M in 9M 2026; Q3 at SAR 2.24M

01/11/2026 Argaam Exclusive

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Alsaif Stores for Development and Investment Co. (Alsaif Gallery) reported a 15% profit drop to SAR 42.19 million in the first nine months of 2026, compared to SAR 49.55 million a year ago.



Financials (Million Riyal)

Item 9m 2025 9m 2026 Change‬
Revenues 570.61 604.33 5.9 %
Gross Income 137.60 133.67 (2.8 %)
Operating Income 58.48 46.81 (20.0 %)
Net Income 49.55 42.19 (14.9 %)
Average Shares 350.00 350.00 -
Earnings Per Share before unusual items (Riyals) 0.14 0.12 (14.9 %)
EPS (Riyal) 0.14 0.12 (14.9 %)

The company attributed the annual profit decline to a lower gross profit margin as rising freight costs impacted on product costs. This is besides a sales drop due to inventory shortages in select fast-moving items.

 

This came despite overall revenue growth driven by first-half performance, which helped offset the third-quarter slowdown despite supply chain challenges and shipping delays during the nine-month period.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q3 2025 Q3 2026 Change‬
Revenues 207.85 192.56 (7.4 %)
Gross Income 43.81 34.86 (20.4 %)
Operating Income 16.42 3.42 (79.2 %)
Net Income 12.94 2.24 (82.7 %)
Average Shares 350.00 350.00 -
Earnings Per Share before unusual items (Riyal) 0.04 0.01 (82.7 %)
EPS (Riyal) 0.04 0.01 (82.7 %)

In Q3 2026, Alsaif Gallery’s Q3 2026 bottomline stood at SAR 2.24 million, plunging by 83% from SAR 12.94 million in the prior-year period, following a 7.4% sales slump during the same period.

 

The three-month sales were hit by inventory shortages in certain product categories, particularly fast-moving items. This is amid shipping delays and supply chain disruptions linked to geopolitical developments, alongside weaker consumer spending.

 

Sequentially, however, net income jumped 38.6% from SAR 1.62 million in Q2 2026, reflecting a 39% quarter-on-quarter uptick in sales, thanks to promotional campagins conducted during yhe quarter.

 

Shareholders' equity (excluding minority interest) reached SAR 517.64 million as of Sept. 30, 2026, rising from SAR 488.76 million in the year-ago period.

View More Financial Results

 

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Share Price

AlSaif Stores for Development and Investment Co.
5.99
(0.01) (0.17 %)

AlSaif Stores for Development and Investment Co. (ALSAIF GALLERY)

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Financial Ratios
Current
Market Cap (M Riyal) 2,096.50
Enterprise Value (EV) (M Riyal) 2,086.67
Shares Outstanding ((M)) 350.00
Recurring EPS ( Riyal) (TTM) 0.14
Book Value (BV) ( Riyal) 1.48
Par Value ( Riyal) 1.00
Recurring P/E (TTM) 41.38
P/E (TTM) 41.38
Price/book 4.05
Dividend Yield (%) (Last Year) 1.00
Return on Average Assets (%) (TTM) 6.4
Return on Average Equity (%) (TTM) 10.1
EV/Revenues 2.63
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