What was Saudi Advanced Industries' net profit in Q1 2026?

Net profit reached SAR 7.43 million, up 41.5% year-on-year.

What drove the profit increase for Saudi Advanced Industries?

Lower general and administrative expenses and reduced Zakat expenses, despite higher financing costs.

What was the EPS for Saudi Advanced Industries in Q1 2026?

EPS was SAR 0.13, up from SAR 0.09 in the prior year period.

Did Saudi Advanced Industries achieve revenue growth?

Revenue was nearly flat at SAR 15.21 million, with a marginal 0.065% increase.

What is the stock ticker for Saudi Advanced Industries?

The ticker is 2120 on the Saudi Exchange.

Saudi Advanced Industries Q1 2026 Net Profit Jumps 41.5%

Saudi Advanced Industries Co. (2120) posted a 41.5% YoY increase in net profit to SAR 7.43M for Q1 2026, while revenue remained nearly flat at SAR 15.21M. Earnings per share improved to SAR 0.13.

Saudi Advanced Industries Co. (2120) announced its interim financial results for the three months ended March 31, 2026, reporting a net profit of SAR 7.43 million, up 41.5% from SAR 5.25 million in the same period last year. Revenue remained nearly flat at SAR 15.21 million, a marginal 0.065% increase.

Key Financial Results

Item	Current Quarter (SAR M)	Prior Year Quarter (SAR M)	Change %
Revenue	15.21	15.20	+0.065%
Net Profit	7.43	5.25	+41.5%
EPS (SAR)	0.13	0.09	+44.4%

Highlights from the Statement

The company attributed the net profit increase to a slight revenue rise, lower general and administrative expenses, and reduced Zakat expenses, partially offset by higher financing costs. Earnings per share improved to SAR 0.13 from SAR 0.09.

Quarter-on-quarter, revenue surged from SAR -42.09 million to SAR 15.21 million, driven by higher unrealized gains from financial assets at fair value through profit or loss.

Guidance

No forward guidance was provided.

Stock Impact

No immediate stock reaction was reported. The positive results may support the stock in upcoming sessions.

What This Means for Investors

The results show improved profitability despite flat revenue, indicating effective cost management. However, investors should monitor the sustainability of unrealized gains and the 17.56% YoY decline in total shareholders' equity.