Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) achieved net profits worth SAR 5.34 million in the first quarter (Q1) of 2026.
The company shifted to net earnings in January-March 2026 from net losses of SAR 24.31 million in Q1-25, according to the income statements.
The earnings per share (EPS) stood at SAR 0.04 in Q1-26, against a loss per share worth SAR 0.19 in Q1-25.
SAPTCO generated revenue totaling SAR 396.33 million in Q1-26, signaling a 16.11% growth from SAR 341.33 million in Q1-25.
On a quarterly basis, the net profits of the company in Q1-26 reflected an 88.16% plunge from SAR 45.16 million in Q4-25.
In addition, the revenue registered in January-March 2026 was lower by 35.83% than SAR 617.63 million in October-December 2025.
As of 31 March 2026, the accumulated losses reached SAR 267.78 million, accounting for 21.42% of the SAR 1.25 billion capital.
The amount, meanwhile, shrank compared to the SAR 273.13 million reported as of 31 December 2025, which represented 21.85% of the capital.
In 2025, the Saudi-listed entity SAPTCO recorded net profits worth SAR 113.27 million and revenue of SAR 1.82 billion.
