Bahri Sets New Company Record with SAR 2.75 Billion Q2 Profit

Saudi State Oil Shipper Posts Record Profit on Higher Freight Rates

The National Shipping Company of Saudi Arabia (Bahri) has set a new company record with SAR 2.75 billion ($731.9 million) in net profit for the second quarter (Q2), up 574 percent year-on-year on higher activity and freight rates.

First-half (H1) net income soared 421 percent against the first six months of 2025 to SAR 4.9 billion, while Q2 revenue rose 156 percent year-on-year to SAR 6.31 billion. H1 revenue increased 144 percent to SAR 11.27 billion.

Chief executive Engr Ahmed Ali Alsubaey said the company's strong performance was 'primarily driven by Bahri Oil, which benefited from higher freight rates and increased vessel chartering activity to meet growing customer demand', according to a statement.