CATRION H1 2026 profit at SAR 128M; Q2 at SAR 47.6M

CATRION Catering Holding Co. (CATRION) reported a net profit of SAR 128 million in H1 2026, down from SAR 140.2 million a year earlier.

The company reported lower revenue from the aviation sector, due to regional disruptions that resulted in a decline in the number of flights and airline catering meals.

The earnings were further weighed down by higher financing costs related to the accounting treatment of lease liabilities under IFRS 16 and project financing, lower deposits and related interest income, higher expected credit loss provisions, and a higher share of losses from investments in associates and joint ventures.

These factors were partially offset by a 16.5% increase in the group revenue to SAR 1.35 billion, compared with SAR 1.16 billion in the same period of 2025.

Gross profit also increased by 7.6%, supported by strong sales growth.

Q2 2026 net profit dropped 27.3% to SAR 47.56 million, compared to SAR 65.39 million in Q2 2025.

The company attributed the decline in Q2 2026 profit mainly to lower aviation sector revenue due to regional disruptions, higher financing costs, higher expected credit loss provisions, and increased losses from associates and joint ventures.

These factors were partially offset by a 20.4% increase in the group revenue to SAR 688.1 million, driven mainly by growth in non-aviation services.

On a sequential basis, net earnings declined 40.9% from SAR 80.41 million in Q1 2026.

Shareholders’ equity, no minority interest, reached SAR 1.6 billion by June 30, 2026, from SAR 1.49 billion a year ago.

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