Saudi Aramco reports first-half growth, the group behind Saudi Aramco stock

Published on 10/01/2026 at 13:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Saudi Aramco stock was SAR 25.22, below its SAR 27.96 high. First-half 2026 revenue reached SAR 883.9 billion, up 12.7 percent.

Saudi Aramco, SA14TG012N13, Illustration mit AI erstellt.

Saudi Aramco (SA14TG012N13) reported first-half 2026 revenue of SAR 883.9 billion, up 12.7 percent year over year, in its August 4, 2026 results update. The company behind Saudi Aramco stock also lifted adjusted EBIT by 20.5 percent to SAR 443.2 billion, while its adjusted EBIT margin improved to 44.8 percent from 44.0 percent, according to Aramco.

Pricing power lifts first-half profit

MarketScreener reported on September 17, 2026 that higher refined and chemical product prices supported the revenue increase, even as lower sales volumes partly offset the benefit. Net profit reached SAR 244.6 billion in the first half of 2026, up 34.0 percent from SAR 182.6 billion in the first half of 2025.

Cash generation was less powerful than the earnings result. Operating cash flow fell to SAR 210.6 billion from SAR 222.2 billion, while free cash flow declined to SAR 115.9 billion from SAR 129.0 billion in the comparable period, according to MarketScreener. That split gives investors a sharper reading of the half-year figures: pricing improved profit, but working-capital demands reduced cash conversion.

Stock remains below yearly high

Saudi Aramco stock was trading at SAR 25.22 on the Saudi Arabian Stock Exchange on October 1, 2026 at 2:19 p.m. AST. The price stood 9.80 percent below the 52-week high of SAR 27.96 and above the 52-week low of SAR 23.29. Market capitalization was SAR 6.1 trillion on the same date.

The next scheduled reporting milestone is the third-quarter 2026 earnings release on November 3, 2026, according to MarketScreener. That report will show whether stronger pricing can continue to offset softer volumes and weaker cash flow.

Cash conversion sets the next test

For investors, the contrast between a 34.0 percent increase in first-half net profit and the 10.2 percent decline in free cash flow is the central operating signal. Saudi Aramco's earnings power benefited from pricing, while the cash figures point to a separate test for capital discipline and working-capital management.

Saudi Aramco stock was trading at SAR 25.22 on October 1, 2026, against a 52-week range of SAR 23.29 to SAR 27.96. The latest half-year figures combine stronger revenue and margins with a weaker cash conversion profile.