Electrical Industries earns SAR 402.3M in H1 2026, SAR 211.5M in Q2

23/07/2026 Argaam Exclusive

Content Summary:

Loading data...

Comments Analysis:

Positive: 0%
Neutral: 0%
Negative: 0%
Comments Summary:Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original sources for complete details and to verify the accuracy of the information.

Electrical Industries Co.’s (EIC) net profit leapt 55% to SAR 402.3 million in the first half of 2026, compared with SAR 260.1 million in the year-earlier period.



Financials (Million Riyal)

Item 6m 2025 6m 2026 Change‬
Revenues 1,038.04 1,370.01 32.0 %
Gross Income 376.84 517.59 37.4 %
Operating Income 285.89 420.45 47.1 %
Net Income 260.15 402.30 54.6 %
Average Shares 1,125.00 1,125.00 -
Earnings Per Share before unusual items (Halala) 23.12 35.76 54.6 %
EPS (Halala) 23.12 35.76 54.6 %

The company attributed the increase to higher sales, which rose to SAR 1.37 billion from SAR 1.03 billion, driven by strong demand for high-voltage substation projects, power distribution infrastructure projects, and new industrial projects, including in the oil and gas sector. A more diversified product mix and higher sales of higher-margin products also supported earnings.

 

The increase came despite higher selling and distribution expenses and finance costs.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q2 2025 Q2 2026 Change‬
Revenues 531.36 708.57 33.4 %
Gross Income 191.25 267.73 40.0 %
Operating Income 148.14 217.44 46.8 %
Net Income 136.72 211.53 54.7 %
Average Shares 1,125.00 1,125.00 -
Earnings Per Share before unusual items (Halala) 12.15 18.80 54.7 %
EPS (Halala) 12.15 18.80 54.7 %

EIC’s net profit rose by 55% to SAR 211.5 million in Q2 2026, from SAR 136.7 million in Q2 2025, supported by robust sales.

 

Compared with Q1 2026, net earnings was up 10.9% from SAR 190.77 million.

 

Total shareholders’ equity, with no minority interest, reached SAR 1.28 billion by the end of the current period, up from SAR 1.07 billion a year earlier.

View More Financial Results

 

View other reports

Share Price

Electrical Industries Co.
14.83
0.23 1.58 %

Electrical Industries Co. (EIC)

More


Financial Ratios
Current
Market Cap (M Riyal) 16,683.77
Enterprise Value (EV) (M Riyal) 16,663.28
Shares Outstanding ((M)) 1,125.00
Recurring EPS (Halala) (TTM) 68.63
Book Value (BV) ( Riyal) 1.14
Par Value ( Halala) 50.00
Recurring P/E (TTM) 21.61
P/E (TTM) 21.61
Price/book 13.03
Dividend Yield (%) (Last Year) 3.37
Return on Average Assets (%) (TTM) 32.8
Return on Average Equity (%) (TTM) 65.6
EV/adj EBITDA 19.77
EV/Revenues 6.34
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request