Net profit of Aldrees Petroleum and Transport Services Company increased by 28% at the end of the second quarter of 2026 to reach 123.9 million riyals, compared to a net profit of 96.7 million riyals in the same quarter of the previous year.

According to a company statement on Saudi Tadawul, the increase in net profit during the current quarter compared to the same quarter of the previous year is attributed to increased sales in the Naqel and Petroleum sectors, higher income from bank deposits and investment in sukuk, and increased other revenues, despite lower results from the joint venture and higher selling and marketing expenses, general and administrative expenses, finance costs, and zakat.

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The increase in net profit is also attributed to an increase in total comprehensive income during the current quarter compared to the same quarter of the previous year due to the remeasurement of defined employee benefit obligations. On a half-year basis ended June 30, 2026 (6 months), Aldrees' net profit increased by 8% to 222.3 million riyals, compared to 205.8 million riyals in the same period of the previous year.