Arabian Drilling posted Q1 2026 revenue of SAR821.6 million, a 0.3% quarterly drop and 9.8% YoY decline.
EBITDA rose 9.7% QoQ to SAR289 million, driven by reactivated rigs and higher utilization.
Adjusted net income turned positive at SAR7.1 million versus a SAR34 million loss in Q4 2025, beating consensus of SAR19 million.
Shares rose 0.8% in Riyadh after the earnings release.