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ADES Q3 Profit Down 55.8%

ADES Q3 Profit Down 55.8%

ADES Holding’s net profit fell 55.79% year on year to SAR 94.87 million in the third quarter of 2026, despite a 34.77% increase in revenue to SAR 2.23 billion. The company attributed the decline in profit to the temporary suspension of some operations, higher depreciation and interest expenses, and non-recurring insurance costs. In the first nine months of the year, net profit declined 23.02% to SAR 459.84 million, while revenue rose 44.02% to SAR 6.77 billion.

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