Riyadh – Mubasher: Ratio Specialty Company for Trading reported a net loss of SAR 1.49 million for the six-month period that ended on 30 June, reversing a net profit of SAR 6.56 million recorded during the same period last year.
The company attributed the downturn to rising operational costs, including salaries, rents, and materials, following the expansion of its owned branch network and a transition from a franchise model to direct operations.
In the first half (H1) of 2026, the revenues climbed by 7.71% to SAR 28.20 million, compared to SAR 26.18 million in the previous year, driven by the branch expansion initiated in late 2025.
However, the bottom line was further pressured by a SAR 1.83 million provision for expected credit losses.
Loss per share registered SAR 0.07, against earnings per share (EPS) of SAR 0.33 in the prior-year period.
Total shareholders' equity decreased by 3.24% to SAR 44.51 million from SAR 46 million.
Separately, the company disclosed a retrospective accounting adjustment regarding a 10% investment in an associate, moving from fair value measurement to the equity method to comply with international accounting standards.
Management stated it is currently focused on enhancing operational efficiency and cost management to leverage its expanded branch network.
