Riyadh — Mubasher: Saudi Parts Center Company announced its interim financial results for the first half (H1) of 2026, reporting a net loss of SAR 3.91 million which was 37.68% lower than SAR 6.27 million in H1-25.
The loss per share subsequently improved to SAR 1.3 in H1-26 from SAR 2.09 in H1-25, according to the income statements.
The company’s revenues fell by 5.14% to SAR 41.40 million in H1-26 from SAR 43.65 million in H1-25.
Saudi Parts Center attributed the SAR 2.2 million revenue decline to lower performance within the agricultural and truck sectors.
Despite the lower top-line results, the reduction in net loss was driven by a 2.60% improvement in gross profit margins and a SAR 2.10 million decrease in general, administrative, and selling expenses.
Total shareholders' equity stood at SAR 28.17 million at the end of H1-26, down 31.51% from SAR 41.13 million in the previous year.
Saudi Parts Center further disclosed accumulated losses of SAR 1.07 million, representing 3.57% of its capital.
The independent auditor’s report was issued with an unmodified opinion.
