GIB Capital previews Q1 2026 earnings

14/04/2026 Argaam
*Total operating income.


GIB Capital released its Q1 2026 earnings forecasts for several Saudi-listed companies under its coverage.

 

GIB Capital’s Q1 Earnings Estimates (SAR mln)

Company

Q1 2026 Estimates

(SAR mln)

YoY Change

Petrochemicals

Alujain

14.0

--

Sipchem

(298.0)

--

Saudi Kayan

(591.0)

--

Energy

Arabian Drilling

(20.0)

--

ADES

246.0

27%

Materials

Luberef

250.0

13%

AMAK 

72.0

30%

Utilities

Miahona

2.4

 (96%)

Banks & Financial Services

SNB*

6349.0

5%

Tadawul Group

85.0

 (29%)

Retail

Jarir

230.0

6%

SASCO

4.9

14%

Food & Beverages

Tanmiah 

(21.0)

--

First Mills 

73.0

 (8%)

Modern Mills

71.0

8%

Arabian Mills

65.0

2%

Consumer Services

Americana

127.5

4%

Alamar

2.0

--

Leejam*

55.0

 (22%)

Sport Clubs

5.0

47%

Seera

12.0

(68%)

Capital Goods

Riyadh Cables

282.0

10%

Astra

188.0

9%

GAS

35.0

12%

Transport

Theeb

35.0

 (23%)

Budget Saudi

70.0

 (15%)

Lumi

43.0

 (19%)

Cherry

15.0

 (3%)

flynas

68.0

(54%)

SAL

153.0

--

IT

Elm

456.0

(8%)

Saudi Azm*

10.0

23%

Healthcare

Sulaiman Al Habib

630.0

13%

Mouwasat

185.0

(6%)

Al Hammadi

47.0

(36%)

Jamjoom Pharma

170.0

8%

Avalon Pharma

26.0

34%

Real Estate

Al Akaria

4.0

(97%)

Cenomi Centres*

77.0

--

Retal

52.0

(24%)

Masar

(67.0)

--

Manpower

Al Mawarid

35.0

17%

SMASCO

45.0

11%

*Total operating income.
*Saudi Azm: Q3 forecasts – for the period ending March 2026.
*Cenomi Centers: Net income adjusted for fair value gains/losses and non-recurring banking items.
*Leejam: Includes non-recurring items of SAR 6 million in Q1 2025.

 

GIB Capital - Q1 2026 Earnings Forecasts 13/04/2026

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