Logo ofBawan Co.
Bawan Co. said depreciation and amortization expenses related to the purchase price allocation (PPA) will continue at quarterly rates throughout 2026. 
These expenses are expected to decline significantly from 2027 onward, as the contract backlog reaches the end of its useful life under the PPA treatment.
Q1 2026 results included SAR 42 million in PPA-related depreciation and amortization expenses, most of which were linked to the contract backlog and accounted for 83% of total depreciation and amortization expenses.
The remaining balance stands at SAR 50 million and is expected to be fully amortized during 2026.
Expected Future Amortization) SAR mln(
Intangible Asset
Initially Recognized Value
2025 Amortization
Q1 2026 Amortization
Remaining Balance to Be Amortized
Remaining Useful Life
Contract backlog
180
( 95 )
( 35 )
50
Less than one year
Customer Relationships
210
( 18 )
( 5 )
187
9 years
Trade Name
34
( 3 )
( 0.8 )
30
9 years
Fixed Assets
36
(5 )
( 1 )
30
Mixed
Total
460
(121)
(42)
297
—
The company previously reported a net profit of SAR 51.9 million (SAR 0.87 per share) for Q1 2026. Excluding depreciation and amortization expenses related to PPA, net profit would have reached SAR 86 million.
Logo ofBawan Co.
Bawan Co. said depreciation and amortization expenses related to the purchase price allocation (PPA) will continue at quarterly rates throughout 2026.
These expenses are expected to decline significantly from 2027 onward, as the contract backlog reaches the end of its useful life under the PPA treatment.
Q1 2026 results included SAR 42 million in PPA-related depreciation and amortization expenses, most of which were linked to the contract backlog and accounted for 83% of total depreciation and amortization expenses.
The remaining balance stands at SAR 50 million and is expected to be fully amortized during 2026.
Expected Future Amortization) SAR mln(
Intangible Asset
Initially Recognized Value
2025 Amortization
Q1 2026 Amortization
Remaining Balance to Be Amortized
Remaining Useful Life
Contract backlog
180
( 95 )
( 35 )
50
Less than one year
Customer Relationships
210
( 18 )
( 5 )
187
9 years
Trade Name
34
( 3 )
( 0.8 )
30
9 years
Fixed Assets
36
(5 )
( 1 )
30
Mixed
Total
460
(121)
(42)
297
—
The company previously reported a net profit of SAR 51.9 million (SAR 0.87 per share) for Q1 2026. Excluding depreciation and amortization expenses related to PPA, net profit would have reached SAR 86 million.
