CATRION’s net profits drop in Q2-26 due to regional disruptions

The net profits of CATRION Catering Holding Company declined by 27.26% to SAR 47.56 million in the second quarter (Q2) of 2026 from SAR 65.39 million in the same period last year.

The company attributed the decline to regional disruptions that reduced the number of flights and aviation meals, alongside higher financing costs and increased credit loss provisions.

Quarterly revenue rose by 20.42% to SAR 688.13 million, versus SAR 571.45 million a year earlier.

This growth was driven by non-aviation services, including the Red Sea project, and the consolidation of Gulf Catering Company following its acquisition in March 2026. However, operating profit edged down -0.53% to SAR 77 million.

In the first half (H1) of 2026, the group’s net profits hit SAR 127.97 million, an annual drop of 8.70% compared to SAR 140.17 million.

Half-year revenue climbed by 16.48% to SAR 1.35 billion. Earnings per share (EPS) for the six-month period stood at SAR 1.56, down from SAR 1.71.

Total shareholders' equity, excluding non-controlling interests, was reported at SAR 1.61 billion as of 30 June 2026.

In Q1-26, CATRION posted 7.53% YoY higher net profits at SAR 80.41 million, compared to SAR 74.77 million.