Riyadh — Mubasher: Leen Alkhair Trading Company announced that its accumulated losses have reached SAR 25.61 million as of 30 June 2026.
The accumulated losses represented 31% of its SAR 81.59 million capital.
The financial position, recorded in the preliminary financial statements for the six-month period ended on 30 June 2026, triggers regulatory procedures for Tadawul-listed companies with losses exceeding 20% of capital.
Leen Alkhair transitioned from a net profit of SAR 2.28 million in the previous year to a net loss of SAR 17.98 million for the 2026 period.
The company attributed the downturn to a 15.30% drop in sales, which outpaced a marginal 0.90% reduction in the cost of sales. This imbalance shifted a gross profit of SAR 12.49 million into a gross loss of SAR 6.95 million.
Operational pressures further impacted results, including SAR 6.28 million in general and administrative expenses and a SAR 3.06 million impairment provision for biological assets.
Expected credit losses rose to SAR 1.70 million, while financing costs increased to SAR 1.48M. These costs were partially offset by a reduction in selling and distribution expenses, which fell to SAR 2.01 million from SAR 3.42 million in the corresponding period last year.
