Kingdom Holding Company reported a net profit attributable to shareholders of SAR 268.9M for Q1 of FY26, down 37.7% from SAR 431.6M on the same period of FY25.
The financial results, announced today for the three-month period ending 31 March 2026, also revealed an operating profit of SAR 293.8M: a decline of 28.9% compared to SAR 695.3M during the first quarter of the previous year.
Earnings per share for the current period stood at SAR 0.07: a reduction from SAR 0.12 in the first quarter of 2025.
The company attributed the decline in net profit to several factors, including decreased dividend income, higher hotel and operating expenses, and a reduction in the share of results from equity-accounted investments.
There were positive developments such as increased hotel and other operating income, reduced net financial expenses and lower withholding tax and income tax expenses.
The group experienced growth in net other income, along with reductions in general, administrative, and marketing expenses, and a decrease in zakat expense.
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