What was Gas Arabian's net profit in Q1 2026?

Net profit reached SAR 38.16 million, up 21.88% compared to the same quarter last year.

What drove Gas Arabian's annual profit increase?

The increase was driven by revenue growth of 12.33%, cost savings in cost of revenue, and profits from joint venture investments.

Did Gas Arabian's profit decline compared to the previous quarter?

Yes, net profit decreased 10.23% compared to Q4 2025, mainly due to reduced shares in results of joint ventures.

What was Gas Arabian's earnings per share in Q1 2026?

Earnings per share reached SAR 0.24, compared to SAR 0.20 in the same quarter last year.

Gas Arabian Services Posts SAR 38.16M Net Profit in Q1 2026

Gas Arabian Services Co. (4146) announced its Q1 2026 financial results, posting a net profit of SAR 38.16 million, up 21.9% YoY, supported by revenue growth and improved cost management.

Gas Arabian Services Co. (4146) announced its interim financial results for the three months ended March 31, 2026, reporting a net profit of SAR 38.16 million, up 21.88% year-on-year. Revenue rose 12.33% to SAR 361.40 million. The stock reaction is not yet available.

Key Financial Results

Item	Current Quarter (SAR M)	Comparable Quarter (SAR M)	Change %
Revenue	361.40	321.72	+12.33%
Gross Profit	65.41	55.39	+18.08%
Operating Profit	36.60	31.64	+15.67%
Net Profit (attributable)	38.16	31.31	+21.88%
EPS (SAR)	0.24	0.20	+20.00%

Highlights from the Statement

Revenue Growth: Increased 12.33% YoY driven by improved performance across all business segments.
Net Profit Increase: Rose 21.88% YoY due to revenue growth, cost savings in cost of revenue, and profits from joint venture investments.
Quarterly Decline: Revenue fell 11.81% QoQ from SAR 409.81M, mainly due to lower revenue from the technical services segment; net profit declined 10.23%.
Shareholders' Equity: Increased 18.52% to SAR 473.50M compared to the prior year.
Auditor's Opinion: Unmodified conclusion without any additional comments or disclaimers.

Guidance

The company did not provide specific forward guidance in this announcement.

Impact on Stock

Investors are likely to view the strong YoY performance positively, but the sequential decline may temper gains. The stock's reaction will depend on market expectations and sector trends.

What This Means for Investors

The results show significant annual improvement, but the quarterly decline warrants monitoring of the technical services segment. Investors should watch upcoming reports to assess growth sustainability.