Muscat: Public joint-stock companies listed on the Muscat Stock Exchange (MSX) recorded a net profit of RO 866.98 million during the second quarter of 2026, an increase of 12 percent compared to the same period in 2025, while 87 percent of the companies that disclosed their financial results generated profits during the same period.
According to Oman News Agency, the results showed profit growth across three main sectors, with the industrial sector recording the highest growth rate at 51 percent, followed by the financial sector at 13 percent, and investment and real estate funds at 11 percent, while the services sector declined by 4 percent.
The financial sector maintained its position as the largest sector in terms of profit volume, recording RO 392 million compared to RO 346 million during the second quarter of 2025, representing an increase of RO 46 million.
The services sector recorded profits of RO 297 million compared to RO 309 million in the same period last year, while profits of the industrial sector rose to RO 172 million compared to RO 114 million, marking the largest increase in profit value among the sectors.
Profits of investment and real estate funds reached approximately RO 6 million compared to RO 5 million during the corresponding period last year.
At the company level, OQ Exploration and Production Company topped the list of most profitable companies with a net profit of RO 196.87 million, followed by Bank Muscat with RO 137.49 million, then Oman India Fertilizer Company (OMIFCO) with RO 80.22 million, while Sohar International Bank ranked fourth with profits of RO 53 million, and OQ Basic Industries came fifth with profits of RO 43.30 million.
The results showed the continued contribution of the financial and services sectors to the largest share of total profits, coinciding with the industrial sector recording the highest growth rate among the sectors, reflecting the diversity of profitability sources among listed companies and performance variation according to the nature of economic activities.
The second-quarter results reflect listed companies' continued achievement of high profitability levels, supported by the performance of key sectors and the expanding base of profitable companies, as the proportion of companies achieving profits reached 87 percent of total disclosing companies, marking one of the highest profitability rates recorded in recent periods.