Arabian Drilling Q1 2026 revenue SAR821.6 million, 0.3% down QoQ and 9.8% down YoY, matching expectations.
EBITDA rose 9.7% QoQ to SAR289.0 million, driven by reactivated rigs and higher utilization.
Adjusted net income turned positive at SAR7.1 million, improving from SAR34 million loss in Q4 2025, but below analyst estimate of SAR67 million.
Shares rose 0.8% in Riyadh following the earnings beat.