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2026-11-08T15:08:28.071Z

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NetWorkers profits slide

NetWorkers profits slide

Net Workers’ profit fell 39.82% year on year in the third quarter of 2026 to SAR 5.47 million, from SAR 9.09 million, due to non-recurring expenses related to its transfer to the Main Market, as well as higher expected credit loss provisions and zakat expenses. Profit declined 53.58% compared with the second quarter, while third-quarter revenue rose 0.14% to SAR 146.48 million. In the first nine months of 2026, profit fell 19.06% to SAR 24.03 million, and revenue declined 1.03% to SAR 438.94 million.

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