Articles > Budget Saudi, the United International Transportation Company, has recently revealed its Interim Financial Results for the...
Budget Saudi, the United International Transportation Company, has recently revealed its Interim Financial Results for the...
By KlickAnalytics Data Insights | May 7, 2026 03:08AM ET
Budget Saudi, the United International Transportation Company, has recently revealed its Interim Financial Results for the Period Ending on 31-03-2026, giving investors an insight into its performance.
Key Points:
- Sales/Revenue for the current quarter amount to 552,350 thousand Saudi Arabia Riyals, with a slight increase from the similar quarter of the previous year.
- Net Profit (Loss) attributable to shareholders of the issuer stands at 34,452 thousand Saudi Arabia Riyals, reflecting a decrease from the same quarter of the last year.
- Total Shareholders Equity after deducting Minority Equity shows a growth of 7.066% compared to a similar period in the previous year.
The increase in revenue during the current quarter is attributed to improvements in long-term rental, logistics services, and vehicle sales segments. However, geopolitical tensions in the region continue to impact revenue growth.
The decrease in net profit for the current quarter is primarily due to higher depreciation expenses, lower utilization rates in short-term rentals, and an increase in total loss cases of vehicles and insurance costs.
The decrease in revenue from the previous quarter is mainly caused by a notable decrease in short-term rental utilization rates and reduced quantities and prices of used vehicle sales.
Despite facing challenges, Budget Saudi continues to show resilience in its operations with an unmodified conclusion in the external auditor's report.
Investors are advised to review the company's detailed financial report for more in-depth information on its performance over the past quarter.
Key Points:
- Sales/Revenue for the current quarter amount to 552,350 thousand Saudi Arabia Riyals, with a slight increase from the similar quarter of the previous year.
- Net Profit (Loss) attributable to shareholders of the issuer stands at 34,452 thousand Saudi Arabia Riyals, reflecting a decrease from the same quarter of the last year.
- Total Shareholders Equity after deducting Minority Equity shows a growth of 7.066% compared to a similar period in the previous year.
The increase in revenue during the current quarter is attributed to improvements in long-term rental, logistics services, and vehicle sales segments. However, geopolitical tensions in the region continue to impact revenue growth.
The decrease in net profit for the current quarter is primarily due to higher depreciation expenses, lower utilization rates in short-term rentals, and an increase in total loss cases of vehicles and insurance costs.
The decrease in revenue from the previous quarter is mainly caused by a notable decrease in short-term rental utilization rates and reduced quantities and prices of used vehicle sales.
Despite facing challenges, Budget Saudi continues to show resilience in its operations with an unmodified conclusion in the external auditor's report.
Investors are advised to review the company's detailed financial report for more in-depth information on its performance over the past quarter.
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