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Tadweer Reports 186.5% Q3 Profit Increase
Tadweer Environmental Company for Society announced its financial results for the third quarter of 2026, recording a significant increase in profits of 186.5% year-over-year. Net profit reached 31.52 million riyals compared to 11 million riyals in the same period last year. Additionally, sales and revenues grew by 202%, reaching 780.87 million riyals, supported by growth in export sales, local sales, and revenues from recycling services. The company's profits for the first nine months of 2026 amounted to approximately 73.29 million riyals, an increase of 94.72% compared to the same period in 2025, with sales and revenues exceeding 1.9 billion riyals, despite challenges such as rising shipping and insurance costs. These positive results are primarily attributed to increased production capacity and higher sales volume, while geopolitical developments impacted profit margins.
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