Riyadh — Mubasher: Al Kuzama Trading Company reported a net profit of SAR 5.29 million in the first half (H1) of 2026, marking a 51.97% decline from the SAR 11 million recorded in H1-25.
Earnings per share (EPS) fell to SAR 1.34 in H1-26 from SAR 3.07 in the prior-year period, according to a bourse filing.
The company attributed the profit decline to a contraction in gross profit margins, which fell from 20.7% to 14.2%.
Al Kuzama cited geopolitical conditions impacting food costs, alongside higher selling, marketing, and administrative expenses. These costs were further impacted by the first-time consolidation of Erth Hospitality.
Revenues increased by 5.21% to SAR 158.07 million in H1-26 from SAR 150.24 million in H1-25, driven by growth in restaurant operations across existing subsidiaries.
Total equity reached SAR 137.60 million as of 30 June 2026, reflecting a 3.99% increase year-on-year (YoY).
During the January-June 2026 period, Al Kuzama invested SAR 74.35 million in new food and beverage associates, bringing its total investment in associates to SAR 107.70 million.
Additionally, the firm realized a profit of SAR 4.77 million from the SAR 8 million sale of its 50% stakes in Ryadah Al Tamayuz Limited and Ryadah Al Tamayuz Advanced.
