[REVISION HISTORY]

Saudi earnings Q2 2026 and regional profit surge

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2026-08-05 06:42 UTC → 2026-08-05 21:14 UTC · added ~~removed~~

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 ~~earlier report also noted a 71 % profit increase for~~ same period saw Turkey’s defence electronics company ~~Aselsan, hinting at a broader regional profitability trend. On 4 August 2026~~ Aselsan ~~released its first‑half‑2026 results, showing~~ record a 71 % profit increase and a 25 % real‑term revenue rise to 88.5 billion ~~Turkish~~ 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 71 31 % ~~profit increase~~ rise in EBITDA to ~~14.44~~ 23.2 billion ~~lira,~~ lira and ~~a record order backlog~~ an improved margin of ~~$23.2 billion, up 45 % year‑on‑year. The company cited expanded contracts, higher~~ 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 ~~capacity investments.~~ demand for air‑defence, radar, electronic‑warfare and AI‑enabled systems. These developments confirm ~~that Saudi and neighboring industrial firms are moving~~ a shift from modest gains to pronounced earnings ~~growth,~~ growth across Saudi and neighboring industrial firms, driven by higher commodity prices, ~~improved product mixes,~~ robust ~~demand~~ demand, expanded contracts and ~~effective cost‑management across key sectors.~~ disciplined financial management.

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