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United International Holding Company (TAS’HEEL) announces the estimated financial results for the period ending on 30 June 2026 (Six Months)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue204.98192.46.538205.26-0.136
Gross Profit (Loss)180.24168.37.094180.61-0.204
Operational Profit (Loss)55.1567.51-18.30871.52-22.888
Net Profit (Loss) Attributable to Shareholders of the Issuer48.2260.49-20.28464.39-25.112
Total Comprehensive Income Attributable to Shareholders of the Issuer48.2160.51-20.32764.38-25.116
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue410.24367.0611.763
Gross Profit (Loss)360.85321.8712.11
Operational Profit (Loss)126.67132.2-4.183
Net Profit (Loss) Attributable to Shareholders of the Issuer112.61118.3-4.809
Total Comprehensive Income Attributable to Shareholders of the Issuer112.59118.31-4.834
Total Shareholders Equity (after Deducting Minority Equity)1,509.531,230.9522.631
Profit (Loss) per Share1.561.64
All figures are in (Millions) Saudi Arabia, Riyals
Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year isTas’heel reported a 6.54% increase in revenues, reaching SAR 204.98 million compared to SAR 192.4 million in the same period last year. This performance was driven by the growth of the financing portfolio, which reached SAR 3.2 billion, with a growth of 13.6% compared to the same period last year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year isTas’heel’s net profit declined by 20.3% during the current quarter to SAR 48.22 million, compared to SAR 60.49 million in the corresponding quarter of the previous year. This was primarily attributable to slower growth in the financing portfolio as a result of prevailing market conditions, in addition to the Company’s continued initiatives to enhance its operational capabilities in support of its long-term growth strategy.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one isTAS’HEEL’s financing portfolio remained at the same level as the previous quarter. As a result, second-quarter revenues remained broadly stable on a quarter-on-quarter basis.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one isAs TAS’HEEL continues to execute its long-term growth strategy while enhancing its operational capabilities. In light of the prevailing market conditions, net profit for the current quarter was 25.1% lower than in the previous quarter.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year isTas’heel’s financing portfolio grew by 13.6% compared to the same period last year, leading to a 11.8% increase in revenues for the current period versus the same period of the previous year.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year isTas’heel reported a net profit of SAR 112.6 million during the first half of 2026, compared to SAR 118.3 million in the corresponding period of the previous year, representing a 4.8% decline. This decrease was primarily attributable to slower growth in the financing portfolio amid prevailing market conditions, in addition to the Company’s continued enhancement of its operational capabilities in support of its long-term growth strategy
Statement of the type of external auditor’s reportUnmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)These estimated financial results for the period ending June 30, 2026, have been prepared by the company’s management and have not been audited or reviewed by its external auditor.
Reclassification of Comparison ItemsNothing
Additional InformationThe Company’s EPS has been adjusted after the capital increase, which has been approved by the extraordinary general assembly which held on 10 May 2026