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.
Meanwhile, Alamar and Saudi Energy were among the companies expected to post the steepest decline in earnings compared to Q1 2025.
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) |
|---|---|---|---|---|---|
| STC | 3648.95 | 3823.49 | 4106.94 | 3248.66 | 3278.60 |
| ETIHAD ETISALAT | 766.67 | 829.94 | 916.42 | 953.39 | 847.77 |
| 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 |
| SNB | 6021.90 | 6137.24 | 6468.66 | 6385.48 | 6186.92 |
| ALINMA | 1508.01 | 1573.26 | 1592.02 | 1723.87 | 1674.70 |
| ALRAJHI | 5906.04 | 6151.01 | 6360.20 | 6374.50 | 6470.73 |
| ALBILAD | 700.38 | 765.77 | 766.50 | 816.71 | 766.74 |
| ANB | 1303.69 | 1336.47 | 1329.46 | 1146.62 | 1193.67 |
| BJAZ | 361.00 | 382.13 | 400.13 | 362.17 | 384.60 |
| RIBL | 2486.01 | 2596.62 | 2687.40 | 2640.92 | 2534.33 |
| SAB | 2135.29 | 2126.60 | 2143.58 | 2046.62 | 2089.72 |
| BSF | 1337.89 | 1403.07 | 1352.93 | 1259.54 | 1361.00 |
| SAIB | 503.32 | 512.46 | 518.41 | 897.30 | 513.00 |
| ALUJAIN | (17.23) | 12.43 | 16.39 | (845.44) | 14.50 |
| SIIG | 18.23 | 19.63 | 8.33 | (149.87) | 28.63 |
| YANSAB | 13.67 | 44.55 | 74.19 | (53.31) | 48.81 |
| SABIC AGRI-NUTRIENTS | 984.58 | 1059.74 | 1289.87 | 987.88 | 1262.72 |
| ADVANCED | 72.00 | 81.61 | 71.81 | 1.00 | 29.88 |
| ALDREES | 100.09 | 99.66 | 113.82 | 108.28 | 99.50 |
| SAUDI ARAMCO | 95676.00 | 85632.00 | 97264.00 | 69470.00 | 95000.00 |
| SASCO | 4.28 | 29.70 | 8.41 | 21.89 | 5.45 |
| ADES | 194.16 | 188.60 | 214.57 | 220.69 | 225.12 |
| LUBEREF | 221.51 | 245.20 | 278.83 | 109.78 | 256.00 |
| RIYADH CEMENT | 75.68 | 57.47 | 14.75 | 59.92 | 48.23 |
| ACC | 23.55 | 20.51 | 65.49 | 55.45 | 34.50 |
| EPCCO | 62.08 | 63.35 | 35.66 | 41.37 | 48.95 |
| QACCO | 88.62 | 61.06 | 41.39 | 68.86 | 48.00 |
| SAUDI CEMENT | 108.49 | 95.46 | 53.23 | 106.51 | 70.37 |
| YC | 142.08 | 121.00 | 35.87 | 183.93 | 78.18 |
| YCC | 29.91 | 21.62 | 28.37 | 24.57 | 16.05 |
| UACC | 10.91 | 9.90 | 11.81 | 13.16 | 8.20 |
| CITY CEMENT | 51.54 | 36.38 | 8.75 | 32.26 | 28.83 |
| A.OTHAIM MARKET | 76.36 | 41.14 | 17.48 | 115.12 | 72.33 |
| ALDAWAA | 105.17 | 86.57 | 69.06 | - | 110.50 |
| SACO | 5.07 | 5.08 | 39.36 | (3.93) | 6.40 |
| SHAKER | 27.21 | 19.90 | 17.82 | 16.83 | 28.70 |
| EXTRA | 86.10 | 106.54 | 142.75 | 161.61 | 97.85 |
| JARIR | 217.29 | 197.18 | 324.91 | 309.81 | 233.76 |
| BINDAWOOD | 67.12 | 51.83 | 42.07 | 108.91 | 64.26 |
| NAHDI | 255.16 | 238.40 | 161.25 | 175.92 | 227.33 |
| NICE ONE | 24.12 | (1.29) | 5.92 | (25.78) | 20.90 |
| ALMAJED OUD | 120.90 | 24.33 | 30.11 | 42.27 | 130.15 |
| JAMJOOM PHARMA | 157.03 | 132.02 | 106.67 | 68.07 | 162.96 |
| AVALON PHARMA | 19.40 | 24.81 | 8.28 | 44.52 | 24.53 |
| ASTRA INDUSTRIAL | 171.87 | 174.92 | 167.44 | 152.57 | 178.28 |
| SPORT CLUBS | 3.41 | 6.87 | 16.32 | 14.58 | 5.00 |
| LEEJAM SPORTS | 70.89 | 73.11 | 82.09 | 78.79 | 60.80 |
| SAUDI GERMAN HEALTH | 160.13 | 63.67 | 40.29 | 37.79 | 29.45 |
| SULAIMAN ALHABIB | 557.01 | 591.02 | 602.28 | 651.16 | 643.49 |
| ALMOOSA | 51.13 | 51.77 | 51.64 | 82.00 | 51.90 |
| SMC HEALTHCARE | 29.64 | 36.36 | 66.25 | 133.98 | 68.70 |
| DALLAH HEALTH | 155.56 | 124.26 | 141.90 | 116.55 | 106.73 |
| MOUWASAT | 197.05 | 186.97 | 199.66 | 238.37 | 194.33 |
| CARE | 85.37 | 79.94 | 82.20 | 70.96 | 82.00 |
| FAKEEH CARE | 72.20 | 82.12 | 71.64 | 64.22 | 35.30 |
| ALHAMMADI | 73.93 | 61.96 | 51.89 | 54.08 | 58.46 |
| ALMASAR ALSHAMIL | 40.25 | 50.17 | (19.56) | 59.57 | 50.10 |
| ATAA | 20.41 | 37.76 | 13.88 | 28.52 | 20.50 |
| BURGERIZZR | 2.20 | 1.07 | 3.65 | 3.99 | 3.10 |
| ALMUNAJEM | 40.03 | 30.99 | 31.69 | 57.16 | 60.20 |
| AMERICANA | 122.43 | 224.37 | 160.91 | 314.00 | 143.03 |
| ARABIAN MILLS | 63.94 | 53.62 | 62.54 | 56.94 | 65.00 |
| FOURTH MILLING | 52.70 | 34.05 | 52.12 | 61.93 | 58.00 |
| ALAMAR | (0.87) | 15.29 | 15.66 | 17.49 | 2.00 |
| MODERN MILLS | 65.64 | 49.67 | 56.14 | 52.34 | 64.83 |
| FIRST MILLS | 79.66 | 51.41 | 71.66 | 74.72 | 76.20 |
| CATRION | 74.78 | 65.39 | 97.02 | 76.43 | 70.23 |
| NADEC | 103.42 | 115.26 | 110.67 | 63.99 | 86.00 |
| SAVOLA GROUP | 189.16 | 105.70 | 385.56 | 194.04 | 181.00 |
| SADAFCO | 126.11 | 117.66 | 184.53 | 49.08 | 95.10 |
| ALMARAI | 731.19 | 646.87 | 613.24 | 464.79 | 707.00 |
| SAUDI ENERGY | (1194.00) | 3058.24 | 3047.17 | (894.19) | 1245.50 |
| MIAHONA | 61.43 | 7.35 | 4.56 | (0.93) | 2.40 |
| GAS | 31.31 | 38.82 | 38.15 | 42.51 | 35.00 |
| AWPT | 58.15 | 61.66 | 69.59 | 66.35 | 69.60 |
| MARAFIQ | 117.94 | 109.60 | 170.67 | 51.22 | 85.00 |
| TAWUNIYA | 261.69 | 467.42 | 173.26 | 200.75 | 275.00 |
| BUPA ARABIA | 380.23 | 286.25 | 364.01 | 48.60 | 408.25 |
| SSP | 50.23 | 70.83 | 26.28 | 44.19 | 48.50 |
| MESC | 19.20 | 29.91 | 20.31 | 32.25 | 28.00 |
| RIYADH CABLES | 256.18 | 279.28 | 281.49 | 263.44 | 276.02 |
| MAADEN | 1549.96 | 1921.84 | 2205.13 | 1670.95 | 1844.55 |
| AMAK | 55.24 | 73.05 | 81.37 | 70.94 | 76.50 |
| CENOMI CENTERS | 216.92 | 472.90 | 500.65 | 76.42 | 143.75 |
| RETAL | 68.13 | 66.12 | 55.50 | 103.55 | 52.00 |
| DAR ALARKAN | 209.73 | 238.64 | 255.64 | 430.17 | 205.00 |
| TAIBA | 131.34 | 107.10 | 60.39 | 64.77 | 92.20 |
| ALAKARIA | 135.17 | 94.45 | 38.90 | 27.44 | 4.00 |
| LUMI | 53.15 | 54.21 | 52.71 | 38.02 | 47.76 |
| SGS | 97.63 | 99.37 | 101.50 | 106.21 | 80.90 |
| FLYNAS | 147.86 | (862.51) | 120.22 | 67.43 | 83.40 |
| BUDGET SAUDI | 82.76 | 85.63 | 80.27 | 97.11 | 87.53 |
| SAL | 153.09 | 162.24 | 180.89 | 201.67 | 154.06 |
| THEEB | 45.36 | 47.79 | 50.17 | 36.93 | 42.34 |
| CHERRY | 15.46 | 16.59 | 21.20 | 17.79 | 15.00 |
| MBC GROUP | 231.81 | 151.01 | 19.74 | (20.03) | 309.00 |
| SEERA | 37.07 | 3.07 | 34.15 | (27.89) | 13.57 |
| SOLUTIONS | 360.67 | 446.33 | 416.85 | 278.69 | 355.49 |
| 2P | 32.29 | 35.03 | 32.78 | 34.09 | 33.20 |
| AZM | 10.14 | 7.24 | 8.01 | 12.06 | 12.00 |
| ELM | 495.73 | 589.64 | 558.73 | 446.25 | 501.73 |
| MIS | 33.85 | 32.28 | 25.10 | 4.86 | 8.90 |
| RASAN | 30.00 | 45.02 | 82.32 | 89.47 | 110.00 |
| SMASCO | 40.49 | 29.53 | 40.60 | 40.02 | 45.45 |
| MAHARAH | 44.46 | 44.22 | 44.46 | 139.46 | 51.50 |
| TAMKEEN | 25.63 | 26.70 | 23.93 | 18.84 | 22.80 |
| ALMAWARID | 29.94 | 32.38 | 36.98 | 39.16 | 37.97 |
Comments {{getCommentCount()}}
Be the first to comment
{{Comments.indexOf(comment)+1}}
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}
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.
Call Request
Comments Analysis: