Riyadh — Mubasher: Al Rashid Industrial Company reported a net profit of SAR 21.78 million in the first half (H1) of 2026, marking a 1.44% increase from the SAR 21.47 million recorded during the same period in 2025, according to a bourse filing.

The company attributed the performance to a significant rise in revenues and a 9.18% growth in total operating profit.

Total sales reached SAR 97.38 million in H1-26, up 16.31% from SAR 83.72 million in the previous year.

Al Rashid Industrial stated that this growth was fueled by the expansion of production lines, which increased sales volumes, alongside higher demand and the development of new products that allowed entry into new markets.

Both domestic and international market growth contributed to meeting consumer demand.

Earnings per share (EPS) for the six-month period rose to SAR 1.81, compared to SAR 1.79 in the corresponding period of 2025.

Total shareholders' equity, excluding non-controlling interests, stood at SAR 193.04 million as of 30 June 2026, an increase of 19.68% from SAR 161.29 million a year earlier.

The external auditor issued an unmodified opinion on the financial statements.