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2026-11-04T16:15:51.945Z

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Luberef profit rises 92%

Luberef profit rises 92%

Saudi Luberef’s net profit surged 92.3% in the third quarter of 2026 to SAR 536.2 million, compared with SAR 278.8 million in the same period last year. The company attributed the increase to improved margins on base oils and by-products, as well as operational efficiency and a swift response to logistical challenges, despite lower sales volumes and geopolitical disruptions. In the first nine months of the year, profit rose 105% to SAR 1.53 billion.

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