Saudi Q1 2026 earnings: Consensus estimates
Argaam tracked the average estimates of research houses for the earnings of 110 Saudi-listed companies in Q1 2026, compared with Q4 2025 and Q1 2025.
Rasan and Yansab are forecast to deliver the strongest year-on-year (YoY) earnings growth of 267% and 257%, respectively in Q1.
On a quarter-on-quarter (QoQ) basis, Advanced is projected to record the biggest earnings surge of 2,888%.
Meanwhile, MBC Group is seen posting the largest drop, with earnings falling 1,643% from Q4 2025.
Sector-wise, the strongest earnings momentum is concentrated in IT, while the steepest declines are largely expected in utilities.
Profit Performance and Analyst estimates ( Million SAR )
| Company | Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 (Average Estimate) |
|---|---|---|---|---|---|
| ETIHAD ETISALAT | 766.67 | 829.94 | 916.00 | 953.39 | 847.77 |
| STC | 3648.95 | 3823.49 | 4106.94 | 3248.66 | 3278.60 |
| ZAIN KSA | 92.77 | 127.37 | 152.81 | 230.59 | 128.24 |
| JAHEZ | 35.32 | 23.60 | 62.63 | (48.57) | 65.00 |
| TASHEEL | 57.81 | 59.80 | 81.55 | 74.48 | 66.70 |
| TADAWUL GROUP | 120.51 | 96.25 | 82.66 | 96.19 | 93.90 |
| ALINMA | 1508.01 | 1573.26 | 1592.02 | 1723.87 | 1674.70 |
| ALRAJHI | 5906.04 | 6151.01 | 6360.20 | 6374.50 | 6470.73 |
| ANB | 1303.69 | 1336.47 | 1329.46 | 1146.62 | 1193.67 |
| SAB | 2135.29 | 2126.60 | 2144.00 | 2046.62 | 2094.00 |
| ALBILAD | 700.38 | 765.77 | 766.50 | 816.71 | 766.74 |
| BJAZ | 361.00 | 382.13 | 400.13 | 362.30 | 384.60 |
| BSF | 1337.89 | 1403.07 | 1353.00 | 1259.54 | 1361.00 |
| SAIB | 503.32 | 512.46 | 518.41 | 897.30 | 513.00 |
| RIBL | 2486.01 | 2596.62 | 2687.40 | 2640.92 | 2534.33 |
| SNB | 6021.90 | 6137.24 | 6468.66 | 6385.48 | 6186.92 |
| YANSAB | 13.67 | 44.55 | 74.19 | (53.31) | 30.27 |
| SABIC AGRI-NUTRIENTS | 984.58 | 1059.74 | 1290.00 | 987.88 | 1306.40 |
| ALUJAIN | (17.23) | 12.43 | 16.39 | (845.44) | 14.50 |
| ADVANCED | 71.70 | 81.61 | 71.81 | 1.10 | 28.04 |
| SIIG | 18.23 | 19.63 | 8.33 | (150.30) | 28.57 |
| SASCO | 4.28 | 29.70 | 8.41 | 21.89 | 5.45 |
| SAUDI ARAMCO | 95676.00 | 85632.00 | 97264.00 | 69470.00 | 108450.00 |
| LUBEREF | 221.51 | 245.20 | 278.83 | 109.78 | 256.00 |
| ADES | 194.16 | 188.60 | 214.57 | 220.69 | 225.12 |
| ALDREES | 101.06 | 96.67 | 112.50 | 111.60 | 99.50 |
| CITY CEMENT | 51.54 | 36.38 | 8.75 | 32.26 | 28.83 |
| RIYADH CEMENT | 75.68 | 57.47 | 14.75 | 59.92 | 48.23 |
| NORTHERN CEMENT | 7.82 | 13.19 | 16.05 | 19.01 | 9.00 |
| ACC | 23.55 | 20.51 | 65.49 | 55.45 | 34.50 |
| QACCO | 88.62 | 61.06 | 41.39 | 68.86 | 47.98 |
| EPCCO | 62.08 | 63.35 | 35.66 | 41.37 | 48.95 |
| YC | 142.08 | 121.00 | 35.87 | 183.93 | 82.35 |
| YCC | 29.91 | 21.62 | 28.37 | 24.57 | 16.05 |
| SAUDI CEMENT | 108.49 | 95.46 | 53.23 | 106.51 | 70.37 |
| UACC | 10.91 | 9.90 | 11.81 | 13.16 | 8.20 |
| ALMAJED OUD | 120.90 | 24.33 | 30.11 | 42.27 | 130.15 |
| NICE ONE | 24.12 | (1.29) | 5.92 | (25.78) | 20.90 |
| SACO | 5.07 | 5.08 | 39.36 | (3.93) | 6.40 |
| JARIR | 217.29 | 197.18 | 324.91 | 309.81 | 233.76 |
| SHAKER | 27.21 | 19.90 | 17.82 | 16.83 | 28.70 |
| BINDAWOOD | 67.12 | 51.83 | 42.07 | 108.91 | 64.26 |
| EXTRA | 86.10 | 106.54 | 142.75 | 161.61 | 97.85 |
| A.OTHAIM MARKET | 76.36 | 41.14 | 17.72 | 115.12 | 72.33 |
| NAHDI | 255.16 | 238.40 | 161.25 | 175.92 | 227.33 |
| ALDAWAA | 105.17 | 86.57 | 69.06 | 60.95 | 110.50 |
| AVALON PHARMA | 19.40 | 24.81 | 8.28 | 44.52 | 24.53 |
| JAMJOOM PHARMA | 157.03 | 132.02 | 106.67 | 68.07 | 162.96 |
| ASTRA INDUSTRIAL | 171.87 | 174.92 | 167.44 | 152.57 | 178.28 |
| LEEJAM SPORTS | 70.89 | 73.11 | 82.09 | 78.79 | 60.80 |
| SPORT CLUBS | 3.41 | 6.87 | 16.32 | 14.58 | 5.00 |
| FAKEEH CARE | 72.20 | 82.12 | 71.64 | 64.22 | 35.30 |
| ALMOOSA | 67.22 | 67.97 | 51.64 | 52.20 | 51.90 |
| SMC HEALTHCARE | 29.64 | 36.36 | 66.25 | 133.98 | 68.70 |
| SAUDI GERMAN HEALTH | 160.13 | 19.82 | 40.29 | 37.79 | 29.45 |
| MOUWASAT | 197.05 | 186.97 | 199.66 | 238.37 | 194.33 |
| CARE | 85.37 | 79.94 | 82.20 | 70.96 | 82.00 |
| ALHAMMADI | 73.93 | 61.96 | 51.89 | 54.08 | 58.46 |
| DALLAH HEALTH | 155.56 | 124.26 | 141.90 | 116.55 | 106.73 |
| SULAIMAN ALHABIB | 557.01 | 591.02 | 602.28 | 651.16 | 643.49 |
| ALMASAR ALSHAMIL | 40.25 | 50.17 | (19.56) | 59.57 | 50.10 |
| ATAA | 20.41 | 37.76 | 21.57 | 28.52 | 20.50 |
| ALMUNAJEM | 40.03 | 30.99 | 31.69 | 57.16 | 60.20 |
| ALAMAR | (0.87) | 15.29 | 15.66 | 17.49 | 2.00 |
| AMERICANA | 122.43 | 224.37 | 160.91 | 314.00 | 143.03 |
| NADEC | 103.42 | 115.26 | 110.67 | 63.99 | 86.00 |
| CATRION | 74.78 | 65.39 | 97.02 | 76.43 | 70.23 |
| BURGERIZZR | 1.90 | 1.17 | 3.65 | 3.99 | 3.10 |
| SADAFCO | 126.11 | 117.66 | 184.53 | 49.08 | 95.10 |
| ARABIAN MILLS | 63.94 | 53.62 | 62.54 | 56.94 | 65.00 |
| FOURTH MILLING | 52.70 | 34.05 | 52.12 | 61.93 | 58.00 |
| FIRST MILLS | 79.66 | 51.41 | 71.66 | 74.72 | 76.20 |
| MODERN MILLS | 65.64 | 49.67 | 56.14 | 52.34 | 64.83 |
| ALMARAI | 731.19 | 646.87 | 613.24 | 464.79 | 707.00 |
| SAVOLA GROUP | 189.16 | 105.70 | 385.56 | 194.04 | 181.00 |
| AWPT | 58.15 | 61.66 | 69.59 | 66.35 | 69.60 |
| MIAHONA | 61.43 | 7.35 | 4.56 | (0.93) | 2.40 |
| GAS | 31.31 | 38.82 | 38.15 | 42.51 | 35.00 |
| MARAFIQ | 117.94 | 109.60 | 170.67 | 51.22 | 85.00 |
| BUPA ARABIA | 380.23 | 286.25 | 364.01 | 48.60 | 408.25 |
| TAWUNIYA | 261.69 | 467.42 | 173.26 | 200.75 | 275.00 |
| MESC | 19.20 | 29.91 | 20.31 | 32.25 | 28.00 |
| RIYADH CABLES | 256.18 | 279.28 | 281.49 | 263.44 | 270.68 |
| SSP | 50.23 | 70.83 | 26.28 | 44.19 | 48.50 |
| AMAK | 55.24 | 73.05 | 81.37 | 70.94 | 76.50 |
| MAADEN | 1549.96 | 1921.84 | 2205.13 | 1670.95 | 1844.55 |
| DAR ALARKAN | 209.73 | 238.64 | 255.64 | 430.17 | 207.50 |
| TAIBA | 131.34 | 107.10 | 60.39 | 65.98 | 92.20 |
| RETAL | 68.13 | 66.12 | 55.50 | 103.55 | 52.00 |
| ALAKARIA | 135.17 | 94.45 | 38.90 | 27.44 | 4.00 |
| CENOMI CENTERS | 216.92 | 472.90 | 500.65 | 76.42 | 143.75 |
| CHERRY | 15.46 | 16.59 | 21.20 | 17.79 | 15.00 |
| BUDGET SAUDI | 82.76 | 85.63 | 80.27 | 97.11 | 79.82 |
| SAL | 153.09 | 162.24 | 180.89 | 201.67 | 154.06 |
| LUMI | 53.15 | 54.21 | 52.71 | 38.02 | 47.76 |
| THEEB | 45.36 | 47.79 | 50.17 | 36.93 | 42.34 |
| SGS | 97.63 | 99.37 | 101.50 | 106.21 | 80.90 |
| FLYNAS | 147.86 | (862.51) | 120.22 | 67.43 | 83.40 |
| MBC GROUP | 231.80 | 151.01 | 19.74 | (20.03) | 309.00 |
| SEERA | 37.07 | 3.07 | 34.15 | (27.89) | 13.57 |
| MIS | 33.85 | 32.28 | 25.10 | 4.86 | 8.90 |
| SOLUTIONS | 360.67 | 446.33 | 416.85 | 278.69 | 352.24 |
| ELM | 495.73 | 589.64 | 558.73 | 446.25 | 501.73 |
| AZM | 10.14 | 7.24 | 8.01 | 12.06 | 12.00 |
| RASAN | 25.38 | 39.52 | 82.32 | 89.47 | 110.00 |
| 2P | 32.29 | 35.03 | 32.78 | 34.09 | 33.20 |
| MAHARAH | 44.46 | 44.38 | 44.46 | 139.46 | 51.50 |
| TAMKEEN | 25.63 | 26.70 | 23.93 | 18.84 | 22.80 |
| SMASCO | 40.49 | 29.53 | 40.60 | 40.02 | 45.45 |
| ALMAWARID | 29.94 | 32.38 | 36.98 | 39.16 | 37.97 |
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