Sweet profits fall 59% in early 2026

Al Jouf Healthy Water Factory "Halwa" announced a 59.07% decline in its net profit during the first half of 2026, reaching approximately 823,290 SAR compared to 2.01 million SAR in the same period of the previous year. The company attributed the decline in profits to increased revenue and financing costs, despite a slight growth in revenue of 0.18%, which rose to about 36.78 million SAR, with sales volume remaining steady and demand for its products increasing. Additionally, shareholders’ equity grew by 3.89%, reaching 95.48 million SAR by the end of June 2026. Meanwhile, earnings per share decreased to 0.009 SAR from 0.021 SAR a year earlier.

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