Articles > Lumi Rental Co. Reports Decline in Sales and Net Profit for Q1 2026
Lumi Rental Co. Reports Decline in Sales and Net Profit for Q1 2026
By KlickAnalytics Data Insights | May 7, 2026 03:10AM ET
- Sales/Revenue declined by 11% year-over-year to SAR 366.1 million
- Net Profit fell by 24.6% year-over-year to SAR 40 million
- Total revenue decreased by 14.2% quarter-over-quarter to SAR 366.1 million
Lumi Rental Co. recently released its interim financial results for the period ending on March 31, 2026. The company reported a decline in both sales and net profit compared to the same quarter last year. Sales/Revenue dropped by 11% year-over-year to SAR 366.1 million, primarily due to lower used car sales. The net profit also saw a decrease of 24.6% year-over-year, amounting to SAR 40 million in Q1 2026.
Despite the challenging numbers, the company managed to increase its net profit by 5.3% quarter-over-quarter, reaching SAR 40 million in Q1 2026. This improvement was supported by a better gross profit margin and lower finance costs. Lumi Rental Co. attributed the decline in sales and revenue to a decrease in used car sales both year-over-year and quarter-over-quarter.
The total comprehensive income attributable to shareholders of the issuer was also impacted by these results, showing a 24.664% decline year-over-year. However, the company's total shareholders' equity saw a positive change of 14.419% year-over-year, reaching SAR 1,447,849. The external auditor's report concluded with an unmodified opinion, indicating the reliability of the financial information presented by Lumi Rental Co.
- Net Profit fell by 24.6% year-over-year to SAR 40 million
- Total revenue decreased by 14.2% quarter-over-quarter to SAR 366.1 million
Lumi Rental Co. recently released its interim financial results for the period ending on March 31, 2026. The company reported a decline in both sales and net profit compared to the same quarter last year. Sales/Revenue dropped by 11% year-over-year to SAR 366.1 million, primarily due to lower used car sales. The net profit also saw a decrease of 24.6% year-over-year, amounting to SAR 40 million in Q1 2026.
Despite the challenging numbers, the company managed to increase its net profit by 5.3% quarter-over-quarter, reaching SAR 40 million in Q1 2026. This improvement was supported by a better gross profit margin and lower finance costs. Lumi Rental Co. attributed the decline in sales and revenue to a decrease in used car sales both year-over-year and quarter-over-quarter.
The total comprehensive income attributable to shareholders of the issuer was also impacted by these results, showing a 24.664% decline year-over-year. However, the company's total shareholders' equity saw a positive change of 14.419% year-over-year, reaching SAR 1,447,849. The external auditor's report concluded with an unmodified opinion, indicating the reliability of the financial information presented by Lumi Rental Co.
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