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2026-11-05T14:22:10.854Z

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BATIC Q3 profit drops 99%

BATIC Q3 profit drops 99%

Net profit attributable to shareholders of BATIC Investment and Logistics Services Co. fell 99.1% in the third quarter of 2026 to SAR 89.7 thousand, compared with SAR 10.1 million in the same period last year. Over the first nine months, net profit declined 31.3% to SAR 17.2 million, while sales fell 4.2% to SAR 387.7 million. The company attributed the decline mainly to non-recurring gains of SAR 20.8 million from contract cancellations in the year-earlier period. Real estate revenue fell 53%, while land transport revenue rose 15%; administrative expenses declined 12% and financing costs fell 51%.

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