National Industrialization Company (2060) Q2 2026 earnings summary

Executive summary

• Interim results for the six months ended 30 June 2026 show a significant net loss, driven by impairments, operational challenges, and losses from associates and joint ventures.

• Discontinued operations contributed positively, but not enough to offset losses from continuing operations.

• The company is in the process of divesting a major subsidiary, with regulatory approval received post-period end.

Financial highlights

• Revenue from continuing operations for H1 2026 was SR 874.96 million, down from SR 1,229.89 million year-over-year.

• Net loss for H1 2026 was SR 1,351.86 million, compared to a profit of SR 1,723.56 million in H1 2025.

• Gross loss for H1 2026 was SR 72.31 million, versus a gross profit of SR 114.33 million in H1 2025.

• Basic and diluted loss per share for H1 2026 was SR 1.34, compared to earnings per share of SR 1.24 in H1 2025.

• Gain on debt restructuring in H1 2025 was SR 2,028.98 million; no similar gain in H1 2026.

Outlook and guidance

• Management expects current liquidity constraints to be temporary and is negotiating refinancing of SR 2 billion in borrowings, aiming to extend repayment by 7 years.

• Geopolitical disruptions have increased raw material and logistics costs, with uncertain future impact.