{"id":107918,"date":"2026-04-26T00:00:00","date_gmt":"2026-04-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=107918"},"modified":"2026-04-26T03:10:43","modified_gmt":"2026-04-26T03:10:43","slug":"earnings-season-reaches-its-peak","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/04\/26\/earnings-season-reaches-its-peak\/","title":{"rendered":"Earnings season reaches its peak"},"content":{"rendered":"

1Q 2026 corporate earnings showed a mixed performance<\/strong>, with banks and telecoms posting gains supported by volume growth and expanding customer bases and investment and agricultural firms reporting bottom-line declines amid higher costs and tough comparisons. Some industrial players, like Sabic Agri-Nutrients, managed to offset weaker volumes with higher global prices.<\/p>\n

Kingdom Holding<\/p>\n

Kingdom Holding<\/strong>\u2019s bottom line retreated 38% y-o-y to SAR 269 mn in 1Q <\/strong>2026<\/strong>, which it attributed to last year\u2019s one-off dividend gains, the company said in its latest earnings release (pdf)<\/a>. While overall revenue slipped 23% y-o-y to SAR 573 mn, the firm\u2019s hotels and other operating revenues rose 11%.<\/p>\n

Saudi Awwal Bank<\/p>\n

Saudi Awwal Bank<\/strong>\u2019s net income <\/strong>edged down<\/a><\/strong> 2.3% y-o-y to SAR 2.1 bn<\/strong>, weighed by higher operating expenses and increased provisions for expected credit losses amid elevated uncertainty. Meanwhile, financing income rose 3.3% y-o-y to SAR 4.4 bn and investment income saw a modest 0.5% uptick to SAR 1.1 bn.<\/p>\n

Alinma Bank<\/p>\n

Alinma Bank<\/strong> reported<\/a><\/strong> an 11.3% y-o-y rise in net income to SAR 1.7 bn in 1Q <\/strong>2026<\/strong>, underpinned by a 7% jump in total operating income, according to a disclosure to Tadawul<\/a>. Financing income ticked up 6.9% y-o-y to SAR 3.8 bn, while investment income jumped 10.1% to SAR 624.5 mn on higher financing and investment volumes.<\/p>\n

Dividends:<\/strong> The bank\u2019s board decided on<\/a> a dividend distribution totaling SAR 747.5 mn for the quarter, equivalent to SAR 0.25 per share, with distribution set for 20 May.<\/p>\n

Mobily<\/p>\n

Etihad Etisalat Co. (Mobily) <\/strong>logged<\/a><\/strong>a bottom line of SAR 880 mn last quarter<\/strong>, up 14.7% y-o-y. Revenue increased 5.5% y-o-y to SAR 5 bn, thanks to broad-based growth across revenue streams and a larger subscriber base.<\/p>\n

Sabic Agri-Nutrients<\/p>\n

Sabic Agri-Nutrients posted a 25% y-o-y jump in net income to SAR 1.2 bn <\/strong>despite a 7% y-o-y dip in revenue to SAR 2.9 bn<\/strong>, it said in its latest earnings release (pdf)<\/a>. Although sales volumes fell, the company\u2019s bottom line was bolstered by rising global fertilizer prices stemming from market tightness \u2014 driven by supply disruptions \u2014 along with heavy stockpiling in Africa and India.<\/p>\n

Nadec<\/p>\n

The National Agricultural Development Company (Nadec) saw its <\/strong>net income<\/a><\/strong>drop<\/a><\/strong> 9.4% y-o-y to SAR 93.7 mn in 1Q 2026<\/strong>, hit by lower sales, higher cost of sales, and SAR 5.9 mn in joint venture losses. Revenue slid 9.3% y-o-y to SAR 917.9 mn over the same period, as a dip in agriculture, dairy, and beverage sales outweighed a 29.9% rise in protein sales.<\/p>\n

Jamjoom Pharma<\/p>\n

Jamjoom Pharma<\/strong> posted a 7% y-o-y increase in net income to SAR 168.2 mn for 1Q 2026<\/strong>, it said in an earnings release (pdf)<\/a>. CEO Tarek Hosni credited the performance to \u201ceffective cost discipline, enhanced operating leverage, and a clear focus on value-accretive growth.\u201d The firm\u2019s top line grew 5% y-o-y to SAR 481.4 mn, driven by steady demand for key brands and broader geographic diversification.<\/p>\n","protected":false},"excerpt":{"rendered":"

The banking sector continues to deliver positive results<\/p>\n","protected":false},"author":1,"featured_media":107919,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[72,285,10,4974,2703,2717,705,872,76],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-alinma-bank","tag-earnings-watch","tag-enterpriseam-ksa","tag-jamjoom-pharmaceuticals","tag-kingdom-holding","tag-mobily","tag-nadec","tag-sabic-agri-nutrients","tag-saudi-awwal-bank","wpautop","entry"],"acf":{"mongo_id":"53cb2f15-8574-4da9-acf8-c38eb8df8f42","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/949.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Earnings season reaches its peak","related_issue":[107905],"teaser":"The banking sector continues to deliver positive results","photo_link":"","related_sponsor":"","voice_url":"","en_translation_ref_id":"","section_story_id":""},"yoast_head":"\nEarnings season reaches its peak - 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