Riyadh – Mubasher: National Building and Marketing Company posted 82.47% year-on-year (YoY) higher net profits at SAR 13.27 million in the first half (H1) of 2026, compared to SAR 7.27 million.

The company attributed the profit growth to improved average selling price margins for steel in the local market and higher delivery rates for information technology projects.

Revenue for the six-month period that ended on 30 June 2026 rose by 4.37% to SAR 430.80 million, versus SAR 412.78 million in H1-25. This growth was supported by increased sales volumes in the steel manufacturing and trade sector alongside progress in the technology division.

Earnings per share (EPS) increased to SAR 1.08 in H1-26 from SAR 0.61 a year earlier.

Total shareholders' equity, excluding non-controlling interests, stood at SAR 364.96 million at the end of the period, reflecting a 4.29% increase from SAR 349.95 million a year earlier.

National Building noted that certain comparative figures were reclassified to align with the current period's presentation.

On 24 August, the company’s subsidiary Ajeej Steel Manufacturing obtained a Sharia-compliant banking facility agreement valued at SAR 75 million with First Abu Dhabi Bank (FAB).