Aldrees Petroleum H1 2026 Net Profit Rises 18.4% to SAR 234M

Aldrees Petroleum & Transport Services Co. (ALDREES) reported its interim financial results for the six months ended June 30, 2026, with net profit attributable to shareholders reaching SAR 234.1 million, up 18.4% YoY from SAR 197.7 million. Revenue rose 17.6% to SAR 14,158.8 million from SAR 12,039.3 million.

Key Financial Results

Highlights from the Statement

The company attributed the YoY growth to an increase in the number of operating service stations and trucks, boosting Petrol and Transport Division sales. Higher income from bank deposits, Sukuk, and other income also contributed, partially offset by lower joint venture investment income and higher selling, marketing, general administrative expenses, financial costs, and Zakat.

On a QoQ basis, revenue rose 7.3% to SAR 7,329.3 million, and net profit grew 12.5% to SAR 123.9 million, driven by expansion in stations and trucks, higher Sukuk income, other income, and lower selling expenses, partially offset by reduced bank deposit income, joint venture losses, and higher administrative and financial costs.

Guidance

The company did not provide any forward guidance.

Impact on the Stock

The positive results are likely to support the stock (4200) in today's trading, though the impact may be limited as results likely aligned with expectations.

What This Means for Investors

The results show continued operational growth in Aldrees' core petroleum and transport segments. However, rising expenses and declining joint venture income warrant monitoring as they could pressure future profitability.