Goldman Sachs logo
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

Document Preview

Page 1 of 5
Page 1 of BinDawood Holding 1Q26 Earnings First Take
Subscribe for full access

Access the Full Report

Get unlimited access to institutional research reports with a 14-day free trial.

Authors

Harsh MehtaAmit MamtaniVaishnavi Gupta

Securities

4161Abdullah Al Othaim Markets Co.

Themes

Earnings OutperformanceStrategic M&A Integration

Regions

Middle EastSaudi Arabia