Goldman Sachs
May 11, 2026
BinDawood Holding 1Q26 Earnings First Take
Single Stock ReportEquitiesConsumer Staples
BinDawood Holding's 1Q26 results beat consensus on both top and bottom lines, with SR1.8bn in revenue (+8.2% yoy) and SR70mn in net income (+4.5% yoy).
Key Takeaways
- 1.BinDawood reported 1Q26 revenue of SR1.8bn, which was approximately 3% above consensus forecasts.
- 2.Net income of SR70mn surpassed consensus expectations by roughly 9%, despite a slight 10bp contraction in net margins.
- 3.Operational efficiency and revenue growth across key sectors (Grocery, Pharma, Distribution, Tech) drove a 55bp improvement in operating margins.
Table of Contents
- BinDawood Holding (4161.SE): 1Q26 First Take: Revenue and margins ahead of Consensus
- Disclosure Appendix
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Price target and rating history chart(s)
- Regulatory disclosures
- Ratings, coverage universe and related definitions
- Global product; distributing entities
- General disclosures
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Authors
Harsh MehtaAmit MamtaniVaishnavi Gupta
Securities
4161Abdullah Al Othaim Markets Co.
Themes
Earnings OutperformanceStrategic M&A Integration
Regions
Middle EastSaudi Arabia
