SAL unveils higher profits in Q1-26, cash dividends

SAL
4263 0.30% 164.90 0.50

Riyadh - Mubasher: SAL Saudi Logistics Services Company recorded 2.29% year-on-year (YoY) higher net profits after tax valued at SAR 156.60 million in the first quarter (Q1) of 2026, versus SAR 153.09 million.

SAL generated revenues of SAR 445.78 million in the first three months (3M) of 2026, an annual rise of 16.07% from SAR 384.05 million, according to the interim financial results.

The earnings per share (EPS) went up to SAR 1.96 in Q1-26 from SAR 1.91 a year earlier.

The quarterly profits retreated by 22.34% from SAR 201.66 million in Q4-25, while the revenues shrank by 22.45% from SAR 509.20 million.

CEO of SAL, Omar bin Talal Hariri, commented: “SAL delivered a resilient performance in the first quarter, with solid revenue growth, higher revenue quality, and strong cash conversion, reflecting our disciplined execution.”

Hariri added: “The quarter demonstrated our operational excellence, maintaining a strong performance while mitigating the impacts from the regional disruptions to airspace and maritime routes in March. In response, we prioritized maintaining service continuity for our customers, protecting the quality of our revenue, and adapting our network to sustain cargo flows.”

He noted: “With continued focus on enhancing our service offerings, operational agility, and targeted investment in capacity, digital platforms, and SAL Zones, we are well-positioned to deliver more consistent performance and capture long-term growth opportunities.”

Cash Dividends

The board approved interim cash dividends to shareholders amounting to SAR 117.60 million for Q1-26.

The logistics group will pay SAR 1.47 per share, equivalent to 14.70% of the share nominal value, on 11 June.

In 2025, SAL logged net profits valued at SAR 697.89 million, up 5.51% YoY from SAR 661.43 million.

Source: Mubasher Source: {{details.article.source}}