Riyadh — Mubasher: Al Muneef Company for Trade, Industry, Agriculture and Contracting reported a 97.01% decrease in net profit for the six-month period ended on 30 June 2026.
Earnings fell to SAR 356,886 in the first half (H1) of 2026 from SAR 11.94 million in H1-25, according to a bourse disclosure.
The company attributed the decline to ongoing geopolitical tensions in the Middle East, which led a major supplier to adjust procurement quotas for its authorized distributors.
Total revenue for the period reached SAR 104.63 million, representing a 16.263% decline from the SAR 124.95 million recorded in H1-25.
Al Muneef noted that regional instability has caused fluctuations in logistics costs and operational expenses, alongside varying demand across markets.
Earnings per share (EPS) dropped to SAR 0.006 in H1-26, compared to SAR 0.21 in the prior-year period.
Total shareholders' equity stood at SAR 122.33 million in January-June 2026, marking a slight increase of 0.29% from SAR 121.97 million in H1-25.
Additionally, the company recorded a loss of SAR 933,171 from changes in the fair value of investment properties, representing 2.40% of capital.
Despite the challenging environment, the company stated it maintains a financial position and liquidity levels sufficient to support continued operations.
