8 Hrs
Source:
الاقتصادية
Almarai Q3 profit drops to 618m riyals
Almarai Saudi Company announced achieving net profits of 618 million SAR in the third quarter of 2026, a decline of 3% compared to the previous quarter, despite an 11.4% increase in revenues to 6.187 billion SAR, driven by growth in sales across all markets and product categories. The company attributed the decrease in profits to rising costs of feed shipment and transportation, which impacted profit margins, even as the revenue mix improved. The stock experienced a 4% decline during the quarter, dropping from 45.08 SAR to 43.30 SAR, due to profit pressures caused by higher costs. On the business sector level, dairy and juice profits showed improvement, while profits in the protein sector declined due to market conditions in the poultry industry and rising transportation costs. Ongoing cost challenges continue to impact the company's financial results.
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