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2026-11-09T08:19:29.746Z

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Horizons Q3 profit up 75%

Horizons Q3 profit up 75%

Afaq Food Company’s net profit attributable to shareholders rose 74.8% in the third quarter of 2026 to SAR 3.23 million, compared with SAR 1.85 million in the same period a year earlier. It also increased 92% quarter on quarter. The company attributed the profit growth to higher revenue and gross profit, while a lower gross profit margin and higher operating expenses tempered the increase. Revenue climbed 73.92% year on year to SAR 29.12 million.

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