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Al-Drees Q3 profit rises 22.3 percent
Al-Drees Petroleum Services and Transportation Company announced a 22.31% increase in its net profits for the third quarter of 2026, reaching 137.6 million riyals compared to 112.5 million riyals in the same period of the previous year. The growth was supported by an increase in sales in the Transport and Petroleum sectors by 16.43%, amounting to 7.98 billion riyals, along with higher revenues resulting from the expansion of station networks and an increase in the number of trucks. Despite rising costs and expenses, investment results and higher sector sales contributed to strengthening the company's financial performance, with operating profits and gross total income increasing. The company's profitability ratio remained stable at 19.79% over the first nine months of 2026, with net profits totaling 371.6 million riyals and sales growing by 17.18%. These results are attributed to the company's business expansion and the increase in operational assets.
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