# Saudi earnings Q2 2026 and regional profit surge

> Live situation record from CLSTR: https://clstr.news/situations/saudi-corporate-earnings-q2-2026
> Updated: 2026-08-04T15:57:33.000Z. Sources: 15. Developments: 2.

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

- Aselsan's revenue for the first half of 2026 was 88.5 billion Turkish lira, a 25 % increase in real terms. (corroborated by 11 sources)
- Aselsan signed new contracts worth $4.9 billion in the first half of 2026, a 72 % year‑on‑year increase. (corroborated by 11 sources)
- Aselsan's order backlog at the end of H1 2026 was $23.2 billion, up 45 % from the previous year. (corroborated by 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). (corroborated by 11 sources)
- The net‑debt‑to‑EBITDA ratio fell to 0.55 from 0.57 in H1 2026. (corroborated by 11 sources)
- Aselsan's R&D spending in H1 2026 rose 41 % to $804 million. (corroborated by 10 sources)
- Aselsan's capacity‑related investment in H1 2026 was $323 million, up 195 % from the prior year. (corroborated by 10 sources)
- CEO Ahmet Akyol said Aselsan expects its order backlog to reach $30 billion in the next year. (corroborated by 2 sources)

## Timeline

### 2026-08-04: 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%).

13 sources. https://clstr.news/cluster/aselsan-posts-71-profit-jump-aramco-reports-44-q2-earnings-rise

### 2026-07-28: 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.

2 sources. https://clstr.news/cluster/saudi-sadafco-posts-q2-profit-rise-sabic-narrows-loss

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Cite as: Saudi earnings Q2 2026 and regional profit surge. CLSTR, https://clstr.news/situations/saudi-corporate-earnings-q2-2026