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Tadweer profits rise 186.5% in Q3 2026
AlDawer Environmental Company announced its financial results for the third quarter of 2026, recording a significant increase in profits of 186.5% year-over-year, with net earnings reaching 31.52 million SAR compared to 11 million SAR in the same period last year. Sales and revenues also surged by 202%, reaching 780.87 million SAR, supported by increased sales volume and revenues from recycling services, in addition to growth in export sales and local sales by 212% and 174%, respectively. The company also experienced improvements in operating profits and gross profit, with increases of approximately 198% and 177% respectively. Profit growth continued during the first nine months of 2026, rising by 94.72%, with sales reaching 1.923 billion SAR. This growth is attributed to enhanced production capacity and increased sales volume, despite market challenges such as rising shipping and insurance costs.
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