National Environmental Recycling Posts SAR 41.77M Net Profit in H1 2026
National Environmental Recycling Co. announced its H1 2026 financial results, with net profit rising 56.8% to SAR 41.77 million and revenue surging 130.2% to SAR 1.14 billion.
Key Numbers
National Environmental Recycling Co. (Ticker: 9540) reported its interim financial results for the six months ended June 30, 2026, posting a net profit of SAR 41.77 million, up 56.8% from SAR 26.64 million in the same period last year. The growth was driven by a 130.2% surge in revenue to SAR 1.14 billion, supported by expanded feedstock sourcing and higher sales volumes.
Key Financial Results
| Item | H1 2026 | H1 2025 | Change |
|---|---|---|---|
| Revenue | SAR 1,141.93M | SAR 496.16M | +130.2% |
| Net Profit | SAR 41.77M | SAR 26.64M | +56.8% |
| EPS | Not disclosed | Not disclosed | - |
Highlights from the Statement
- Sales volume grew 48% due to expanded feedstock sourcing across major Saudi cities.
- Export sales increased 173% through continued customer base expansion.
- Rising shipping and insurance costs due to geopolitical conditions tempered profit growth.
- On a quarterly basis, revenue rose 31.3% to SAR 648.29M, while net profit edged up only 3.9% to SAR 21.28M.
Guidance
The company did not provide any specific forward guidance.
Impact on the Stock
Investors are likely to view the results positively given the strong top-line growth, but the modest QoQ profit increase may raise concerns about margin sustainability.
What This Means for Investors
The results demonstrate the company's ability to drive revenue growth, but rising logistics costs remain a challenge. Monitoring cost trends and market expansion will be key.
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