Prime Highlights :
- Savola’s second-quarter revenue rose 8.6% to SAR6.3 billion, while net profit increased nearly 10%.
- The company reduced net debt and expanded its Saudi food portfolio through a strategic acquisition.
Key Facts :
- Savola Group is a Saudi-based food and retail company operating across the Middle East and North Africa.
- Panda is Savola’s retail business, with growth supported by store expansion and a rapidly growing e-commerce platform.
Background :
The Savola Group said it recorded increased revenue and profit in the second quarter of 2026, driven by strong results in its food processing and retail operations. The company said continued demand, cost control and supply-chain efficiency helped improve earnings despite higher freight, insurance and energy-related logistics costs.
Second-quarter revenue increased 8.6% year-on-year to SAR6.3 billion ($1.68 billion), while net profit attributable to shareholders rose nearly 10% to SAR117 million. Regularly, excluding one-off items, net profit grew almost 67% to SAR129 million.
For the first half of the year, revenue rose 3.9% to SAR13.6 billion ($3.62 billion). Net profit attributable to shareholders increased 36% to SAR401 million, while recurring profit climbed 40% to SAR372 million.
The group’s growth was driven by the food processing division, whose first-half revenue increased 7.5% to SAR6.9 billion. Higher sales volumes offset lower average selling prices caused by softer global commodity prices, particularly in sugar. Panda, Savola’s retail business, recorded nearly 1% revenue growth to SAR5.9 billion, while EBITDA increased about 4.5%, supported by operating efficiencies and rapid expansion of its e-commerce business.
Chief Executive Officer Sameh Hassan said the company remained focused on ensuring a reliable supply of essential food products while expanding its retail network and strengthening digital and e-commerce operations. He added that ongoing efficiency measures helped improve earnings while supporting investments in manufacturing and supply-chain resilience.
Savola also strengthened its financial position, reducing net debt to SAR851 million by the end of June. During the period, the group completed its exit from Sudan and later acquired Al Mehbaj Al Shamiya for Trading to expand its nuts, spices and pulses business in Saudi Arabia.
