SIIG witnesses 1,300% leap in Q1-26 net profit
SIIG
2250 1.31% 13.95 0.18
Riyadh – Mubasher: Saudi Industrial Investment Group (SIIG) recorded net profits worth SAR 252 million during the first quarter (Q1) of 2026.
SIIG’s income statements showed a jump of 1,300% in net income during January-March 2026 when compared to SAR 18 million in Q1-25.
The earnings per share (EPS) soared to SAR 0.38 in Q1-26 from SAR 0.02 in Q1-25.
On a quarterly basis, SIIG turned profitable in Q1-26 against net losses of SAR 150 million in Q4-25.
The company stated that the items of revenue and gross profits do not appear in the income statement since SIIG “follows the equity method when accounting for its investments in the joint venture companies.”
In 2025, the listed entity SIIG shifted to net losses of SAR 104 million from net income amounting to SAR 201 million in 2024.
Source: Mubasher Source: {{details.article.source}}