Riyadh - Mubasher: BinDawood Holding Company registered net profits totaling SAR 17.12 million in the first quarter (Q1) of 2026, up 4.47% from SAR 67.12 million in Q1-25, according to the interim financial results.
Net sales climbed by 8.18% to SAR 1.81 billion as of 31 March 2026 from SAR 1.67 billion a year earlier.
The earnings per share (EPS) amounted to SAR 0.06 in the first three months (3M) of 2026.
Quarter-on-quarter (QoQ), the net profits retreated by 35.60% from SAR 108.91 million in Q4-25, while the revenues surged by 8.47% from SAR 1.66 billion.
CEO Ahmad A.R. BinDawood, commented: "We are successfully balancing our deep-rooted heritage with the agility required to lead in a modern, tech-driven retail landscape. The financial health of the group remains a key highlight.”
“By focusing on high-margin segments and operational efficiency, we successfully translated 8.20% revenue growth into an 18.80% increase in operating profit,” the CEO added.
He noted: “This margin expansion, supported by an uplift in our grocery segment, reflects disciplined execution and the effective use of AI-driven tools to optimize costs, enhance efficiency, and mitigate inflationary pressures.”
In 2025, the company’s net profits amounted to SAR 269.93 million, compared to SAR 272.15 million in 2024.
