Aldrees CEO upbeat about Q2 2026 results

Abdullah Aldrees said CEO of Aldrees Petroleum and Transport Services Co

Aldrees Petroleum and Transport Services Co. is expected to deliver positive results in the second quarter of 2026, CEO Abdullah Aldrees said.

In an interview with Argaam, the CEO confirmed that no negative impact from geopolitical conditions has appeared on the company’s operating activities so far, noting that management is closely monitoring developments.

The increase in sales during Q1 2026 was driven by expansion in the number of fuel stations and growth in the truck fleet. In addition, the net profit growth was driven by improved performance in both the transport and petroleum segments, in addition to higher income from bank deposits, other revenues, and returns from joint ventures and sukuk investments—despite increases in selling, general, and administrative expenses, financing costs, and zakat expenses, according to the top executive.

Aldrees added that the expansion in the number of stations positively impacted revenues and net profit. “While both the transport and petroleum segments performed well in Q1 2026, the fuel station segment had the strongest impact on profit growth. Income from bank deposits and sukuk contributed nearly  17% of net profit,” he continued.

The CEO also noted that the company’s network reached 1,329 fuel stations by the end of Q1 2026, while the total number of trucks reached 2,098, including 733 trucks dedicated to fuel transport.

According to Argaam data, Aldrees profit rose to SAR 110.1 million by the end of Q1 2026, up 9% compared to SAR 101.1 million in Q1 2025.