Riyadh - Mubasher: Marketing Home Group for Trading (MHG Trading) recorded 41.88% lower net profits after tax during the first half (H1) of 2026 at SAR 16.79 million when compared to SAR 28.88 million in H1-25.
Earnings per share (EPS) for the period fell to SAR 1.05 from SAR 1.81. The company attributed the downturn to an 8.32% decrease in revenues, which totaled SAR 176.80 million for H1-26.
Management cited regional geopolitical events and supply chain disruptions as primary factors impacting sales volumes.
Additionally, rising shipping and transportation costs contributed to the compression of profit margins.
For the second quarter (Q2) of 2026, net profit reached SAR 8.76 million, representing a 42.83% decrease from the SAR 15.32 million recorded in the corresponding quarter of the previous year.
Quarterly revenue amounted to SAR 90.96 million, down 13.48% year-on-year (YoY). Operating profit for the quarter also saw a sharp decline of 46.24%, falling to SAR 10.81 million.
Total shareholders' equity, excluding non-controlling interests, was reported at SAR 272.41 million as of 30 June 2026, a 20.40% decrease from SAR 342.23 million a year earlier.
Despite the annual decline, the company noted a slight sequential improvement, with Q2-26 net profit rising by 9.07% compared to the previous quarter.
