Riyadh – Mubasher: Saudi Ground Services Company registered net profits worth SAR 60.45 million in the first quarter (Q1) of 2026, reflecting a 38.07% decrease from SAR 97.62 million in Q1-25.
The earnings per share (EPS) stood at SAR 0.32 in Q1-26 when compared to SAR 0.52 in Q1-25, according to the income statements.
Saudi Ground Services generated revenue worth SAR 672.49 million in January-March 2026, which signaled a rise of 0.14% from SAR 671.49 million in the same three-month period a year earlier.
The company attributed the revenue growth to an “increase in operational activities during the Umrah season at the beginning of the quarter, which was impacted by a decline towards the end of the quarter.”
Meanwhile, the net income posted in Q1-26 marked a quarterly plunge of 43.08% from SAR 106.20 million in Q4-25, while the revenue decreased by 1.95% from SAR 685.89 million.
In 2025, Saudi Ground Services logged net profits worth SAR 404.70 million and revenue of SAR 2.79 billion.
