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| Bahri البحري OneBahri ✪fo▸in⭑ www.bahri.sa • • • BAHRI REPORTS SECOND QUARTER 2026 RESULTS WITH NET PROFIT OF # 2.75 BILLION Q2 2026 revenue of # 6.31 billion ( + 156 % YoY ) and net profit of % 2.75 billion ( + 574 % YoY ) , driven primarily by Bahri Oil , which benefited from significantly higher freight rates , increased trading days and expanded charter - in activity to meet customer demand . Net operating cash flow of 2.53 billion ( + 280 % YoY ) in Q2 2026 , while net debt - to - EBITDA improved to 0.72x at quarter - end . Acquired 5 chemical tankers and divested 1 VLCC to further expand and modernize the Bahri fleet . Additionally , signed a newbuild contract for 2 RoCon vessels for delivery in 2030 . Maintained zero fatality and zero oil spill record , with crew and vessel safety and well - being as Bahri's main priority amidst continuing geopolitical tensions . Riyadh , Kingdom of Saudi Arabia - 29 July 2026 : The National Shipping Company of Saudi Arabia ( " Bahri ” or the " Company " , 4030 on the Saudi Exchange ) , the Kingdom's leading shipping and logistics provider , announced its financial results for the second quarter and first half of 2026 , reporting net profit of # 2.75 billion and 4.90 billion , respectively . Eng . Ahmed Ali Al Subaey , Chief Executive Officer of Bahri , commented : " Bahri delivered an exceptionally strong second quarter , capping an outstanding first half of 2026 while navigating through an unprecedented volatile operating environment in the Arabian Gulf . Our people maintained disciplined execution , supported by flexible fleet deployment , strong customer relationships and the scale of our global network . These results reflect our ability to adapt quickly to changing market conditions while maintaining the reliable flow of essential trade across the Kingdom and global markets . Throughout this period , our foremost priority remained the safety of our people and the protection of our vessels . Our whole fleet remained commercially deployed during the quarter , enabling Bahri to provide continuity of service to our customers . We also made significant progress in advancing our fleet expansion and modernization program . During the quarter , we acquired five chemical tankers and divested an older VLCC , bringing our owned fleet to a record 107 vessels . We also signed a newbuild contract for two additional RoCon vessels , supporting our long- term growth ambitions . Looking ahead , we remain focused on disciplined execution of our strategy , while continuing to play our part in supporting the resilience of supply chains in the Kingdom and globally amid ongoing disruptions , and in delivering sustainable long- term value for our shareholders . "