KDL Logistics shifts to net losses in H1-26 on regional tensions
· Egyptian market news
Khaled Dhafer and Brothers for Logistics Services Company (KDL Logistics) incurred a net loss of SAR 4.19 million in the first half (H1) of 2026, swinging from the SAR 2.41 million net profits recorded in H1-25.
The company attributed the downturn to regional and international geopolitical tensions that disrupted trade movements and global supply chains, according to a bourse disclosure.
Revenues decreased by 22.51% to SAR 26.90 million in H1-25 compared to SAR 34.72 million in the prior-year period.
KDL Logistics noted that these tensions led to a 28.6% decline in operational volumes, alongside sharp increases in freight costs and maritime insurance premiums.
Furthermore, the redirection of shipping routes caused significant delays in vessel and cargo arrivals.
Total shareholders' equity decreased by 10.56% to SAR 42.84 million in H1-26 from SAR 47.90 million a year earlier.
Loss per share for the period stood at SAR 1.20 when compared to earnings per share (EPS) of SAR 0.69 in H1-25.
To mitigate these challenges, KDL Logistics said it is focusing on operational efficiency, cost control measures, and diversifying its service markets to enhance financial resilience.