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2 clusters · 15 sources · 7 days · First seen 8 days ago · Last updated 1 day ago

Categories: BUSINESS

Saudi earnings Q2 2026 and regional profit surge

Entities: Saudi Arabian Oil Company · Presidency of Defence Industries (SSB) · Saudi Basic Industries Corp (SABIC) · Turkish Armed Forces · Ahmet Akyol

Overview

In late July 2026 Saudi firms Sadafco and SABIC posted modest profit gains and loss reductions, while Aramco reported a 44 % jump in Q2 net profit. The same period saw Turkey’s defence electronics company Aselsan record a 71 % profit increase and a 25 % real‑term revenue rise to 88.5 billion lira, with its order backlog expanding 45 % year‑on‑year to $23.2 billion.

Further details released on 4 August 2026 show Aselsan signing $4.9 billion of new contracts, a 31 % rise in EBITDA to 23.2 billion lira and an improved margin of 26.3 %. R&D spending jumped 41 % to $804 million and capacity‑related investment surged 195 % to $323 million, while the net‑debt‑to‑EBITDA ratio fell to 0.55. The CEO expects the backlog to reach $30 billion within a year, reflecting strong demand for air‑defence, radar, electronic‑warfare and AI‑enabled systems.

These developments confirm a shift from modest gains to pronounced earnings growth across Saudi and neighboring industrial firms, driven by higher commodity prices, robust demand, expanded contracts and disciplined financial management.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 11 SOURCES] Aselsan's revenue for the first half of 2026 was 88.5 billion Turkish lira, a 25 % increase in real terms. (9c0455ec-9665-483f-9e28-ffeb4c8c6dce,46e4e43c-eb32-4810-afc7-6d44238c8e00,785566b2-931e-4482-af00-3089a408bf7a,b67704a3-)
[● 11 SOURCES] Aselsan signed new contracts worth $4.9 billion in the first half of 2026, a 72 % year‑on‑year increase.
[● 11 SOURCES] Aselsan's order backlog at the end of H1 2026 was $23.2 billion, up 45 % from the previous year.
[● 11 SOURCES] Aselsan's EBITDA for H1 2026 was 23.2 billion Turkish lira, a 31 % increase, with a margin of 26.3 % (up 120 basis points).
[● 11 SOURCES] The net‑debt‑to‑EBITDA ratio fell to 0.55 from 0.57 in H1 2026.
[● 10 SOURCES] Aselsan's R&D spending in H1 2026 rose 41 % to $804 million.
[● 10 SOURCES] Aselsan's capacity‑related investment in H1 2026 was $323 million, up 195 % from the prior year.
[● 2 SOURCES] CEO Ahmet Akyol said Aselsan expects its order backlog to reach $30 billion in the next year.

Timeline

1 day ago

[BUSINESS] 13 sources
Aselsan posts 25% revenue rise and $4.9 bn new contracts in H1 2026
Aselsan’s H1 2026 revenue hit 88.5 bn TL (+25%), new contracts $4.9 bn (+72%), backlog $23.2 bn (+45%), EBITDA 23.2 bn TL (+31%) and R&D $804 m (+41%).
8 days ago

[BUSINESS] 2 sources
Saudi Sadafco posts Q2 profit rise; SABIC narrows loss
Sadafco posted Q2 2026 revenue of 750 M SAR and profit up 7.6%, while SABIC cut its net loss 79.6% to 833 M SAR despite a 17.9% revenue drop.

Sources

aksam.com.tr · aksiyon.com.tr · aydinlik.com.tr · benguturk.com · doviz.com · dunya.com · ekz.ch · koganpage.com · merhabahaber.com · mersinhaber.com · quwa.org · rowadalaamal.com · sanayigazetesi.com.tr · shafaq-e.sa · southernschoolsbookaward.co.uk

This summary has been updated 2 times: see revision history