Arabian Drilling posted Q1 2026 revenue of SAR821.6 million, a 0.3% quarterly decline and 9.8% YoY drop, matching expectations.
EBITDA rose 9.7% quarter‑on‑quarter to SAR289.0 million, driven by reactivated rigs and higher utilization.
Net income turned positive at SAR7.1 million, improving from a SAR34 million loss in Q4 2025, but below estimate of SAR67 million.
Shares rose 0.8% in Riyadh after earnings beat expectations.