Batic H1 2026 profit grows 15% to SAR 17.1M; Q2 at SAR 4.9M

Batic Investments and Logistics Co. reported a net profit of SAR 17.1 million in the first half of 2026, up 15% from SAR 14.9 million in the year-earlier period.

The annual profit hike was attributed to a 3% YoY rise in the H1 2026 operating revenue, driven by a 36% and 26% YoY growth in the security services and the real estate investment segment’s six-month revenue, respectively.

The H1 2026 gross profit also rose 31% on an annual basis to SAR 35.5 million. This came as general and administrative expenses fell 16% to SAR 15.9 million and finance costs declined 50% to SAR 5.2 million in H1 2026.

The company also recorded SAR 3.1 million in unrealized gains on investments measured at fair value through profit or loss, compared with SAR 1.3 million in unrealized losses a year earlier, despite the year-earlier period including SAR 20 million in net non-recurring gains from contract cancellations.

In Q2 2026, Batic recorded a more than three-fold leap in net earnings to SAR 4.87 million, versus SAR 1.24 last year. This was supported by an 18% decline in the three-month general and administrative expenses to SAR 7.8 million, a 62% YoY reduction in unrealized investment losses to SAR 1.3 million, and a 34% annual decline in finance costs to SAR 2.2 million.

This came despite an 11% YoY decline in quarterly revenue, mainly due to lower smart parking revenue, real estate investment revenue, cash-in-transit revenue, ATM replenishment services revenue and facilities management revenue. Security services revenue rose 16%, while land transportation revenue increased 8%.

Quarter-on-quarter (QoQ), however, net profit declined by 60.2% from SAR 12.25 million in Q1 2026. This came as revenue fell 3% on a quarterly basis, mainly due to lower smart parking, cash-in-transit and real estate investment revenue. Land transportation revenue, meanwhile, increased 9% QoQ in Q2 2026.

Total shareholders’ equity, after minority interest, stood at SAR 435.06 million as of June 30, 2026, up from SAR 406.23 million a year earlier.

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