| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenues, excluding accounting construction revenue, increased by 104.0% to SAR 626.9 million compared to SAR 307.3 million in the same quarter last year. The increase is primarily driven by the ports segment, mainly the Multi-Purpose Terminal (“MPT”) operations, and higher volumes and revenue from RSGT and RSGTI, alongside steady growth in the logistics segment. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit for Q2 2026 is SAR 59.2 million, up by 196.3% from SAR 20.0 million in Q2 2025 due to a significant increase in consolidated gross profit by SAR 183.2 million, driven by strong revenue growth mainly in the ports segment and strong growth in the logistics segment.
The above increase was achieved despite:
• an increase in operating expenses by SAR 30.0 million and, an increase in finance costs by SAR 10.8 million mainly due to ports and logistics segment (MPT and PSS),
• a decrease in income from equity accounted associates by SAR 9.6 million,
• an increase in Zakat expense by SAR 5.6 million |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues, excluding accounting construction revenue, increased by 46.7% to SAR 626.9 million compared to SAR 427.4 million in Q1 2026. The increase was mainly driven by the Saudi port segment mostly due to higher volumes from RSGT and MPT, and steady growth in the logistics segment. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reported Net profit for Q2 2026 is SAR 59.2 million, up by 126.5% from SAR 26.1 million in Q1 2026 due to a significant increase in gross profit by SAR 121.2 million driven by a growth in revenue mainly in the ports segment, alongside strong growth in the logistics segment.
The above increase was achieved despite:
• an increase in operating expenses by SAR 7.4 million,
• a decrease in income from equity accounted associates by SAR 5.6 million, and
• an increase in Zakat expense by SAR 6.4 million, and
• a decrease in other income by SAR 2.9 million |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenues increased by 65.7% to SAR 1.05 billion compared to SAR 636.1 million in the same period last year. The strong growth is mainly coming from the ports segment, primarily the Multi-Purpose Terminal (“MPT”) operations, higher volumes and revenues from RSGT and significant growth in RSGTI, alongside steady growth in the logistics segment, following the acquisition of Ports Services and Storage Company Limited (PSS). |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reported Net profit for the period is SAR 85.4 million, rose by 90.9% from SAR 44.7 million in H1 2025 due to a significant increase in consolidated gross profit by SAR 223.6 million primarily driven by a growth in revenue mainly in the ports segment and strong growth in the logistics segment.
The above increase was achieved despite:
• an increase in operating expenses by SAR 57.8 million, and an increase in finance costs by SAR 21.8 million mainly due to ports and logistics segment (MPT and PSS),
• a decrease in income from equity accounted associates by SAR 11.4 million, and
• an increase in Zakat expense by SAR 3.6 million |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | Financial statements for the current period have been prepared according to the International Financial Reporting Standards (IFRS) that are endorsed in the Kingdom of Saudi Arabia and based on that the presentation, measurement, recognition, and disclosure for some of the financial data has been changed to comply with IFRS accounting policies as adopted in the Kingdom. |
| Additional Information | In accordance with IFRIC 12 (IFRS Interpretations Committee), the reported revenue includes accounting construction revenue of SAR 107.8 million. There is no impact on gross profit or net profit as there is a corresponding accounting construction cost of SAR 107.8 million recognized in the cost of revenue. |
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