Thob Al Aseel H1 2026 profit rises 13% to SAR 81.7M; Q2 at SAR 15.3M

02/08/2026 Argaam Exclusive

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Thob Al Aseel Co. posted a net profit of SAR 81.7 million in the first half of 2026, up 13% from SAR 72.3 million in the year-earlier period.



Financials (Million Riyal)

Item 6m 2025 6m 2026 Change‬
Revenues 312.84 356.76 14.0 %
Gross Income 135.27 156.58 15.8 %
Operating Income 87.94 87.53 (0.5 %)
Net Income 72.25 81.74 13.1 %
Average Shares 400.00 400.00 -
Earnings Per Share before unusual items (Riyals) 0.18 0.20 13.1 %
EPS (Riyal) 0.18 0.20 13.1 %

The six-month earnings were supported by a 14.04% year-on-year (YoY) increase in sales to SAR 356.76 million, driven by stronger demand for the company’s products, as well as a relative improvement in profit margins resulting from higher sales of high-margin items.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q2 2025 Q2 2026 Change‬
Revenues 87.36 103.91 18.9 %
Gross Income 36.31 44.33 22.1 %
Operating Income 15.42 13.16 (14.7 %)
Net Income 9.23 15.30 65.8 %
Average Shares 400.00 400.00 -
Earnings Per Share before unusual items (Riyal) 0.02 0.04 65.8 %
EPS (Riyal) 0.02 0.04 65.8 %

In Q2 2026, Thob Al Aseel’s net profit increased 66% to SAR 15.3 million, thanks to an 18.94% rise in the quarterly sales to SAR 103.91 million, fueled by stronger demand following product development and diversification, growth in e-commerce sales, improved export sales, and promotional campaigns.

 

Quarterly earnings also benefited from a relative improvement in profit margins due to the higher contribution of high-margin products, in addition to investment gains recorded during the quarter.

 

However, the three-month net profit declined 77% quarter-on-quarter (QoQ) from SAR 66.4 million in Q1 2026. This was due to sales seasonality amid the holy month of Ramadan.

 

Total shareholders’ equity, no minority interest, rose to SAR 654.03 million as of June 30, 2026, up from SAR 624.82 million a year earlier.

View More Financial Results

 

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Share Price

Thob Al Aseel Co.
3.32
(0.01) (0.30 %)

Thob Al Aseel Co. (ALASEEL)

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Financial Ratios
Current
Market Cap (M Riyal) 1,328.00
Enterprise Value (EV) (M Riyal) 1,051.42
Shares Outstanding ((M)) 400.00
Recurring EPS ( Riyal) (TTM) 0.27
Book Value (BV) ( Riyal) 1.64
Par Value ( Riyal) 1.00
Recurring P/E (TTM) 12.12
P/E (TTM) 12.12
Price/book 2.03
Dividend Yield (%) (Last Year) 6.02
Return on Average Assets (%) (TTM) 13.4
Return on Average Equity (%) (TTM) 17.1
EV/adj EBITDA 7.58
EV/Revenues 1.84
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