MOBI Industry Net Profit Surges 70% in Nine Months
Riyadh, Saudi Arabia — MOBI Industry Co. posted a 70.26% jump in net profit for the nine months ending September 30, 2026, driven by aggressive marketing campaigns and a sharp recovery in associate investment income. Net profit attributable to shareholders reached 33.1 million SAR, up from 19.5 million SAR in the same period last year. […] The post MOBI Industry Net Profit Surges 70% in Nine…
Riyadh, Saudi Arabia — MOBI Industry Co. experienced a significant surge in net profit, with a 70.26% increase for the nine months ending September 30, 2026. This growth was fueled by successful marketing campaigns and a sharp recovery in associate investment income, resulting in net profit attributable to shareholders reaching 33.1 million SAR, up from 19.5 million SAR in the same period last year.
Revenue saw an 18.4% increase, reaching 217 million SAR, driven by strong demand for agricultural fertilizers and detergent sales. In Q3 alone, net profit jumped by 68.3% to 8.9 million SAR, while revenue grew by 16.8% year-on-year to 72.2 million SAR. However, the sequential quarter saw a 18% decline in net profit and a 2.4% growth in revenue compared to Q2 2026.
Rising import and shipping costs, exacerbated by regional geopolitical tensions, increased the cost-of-sales ratio by 4.65 percentage points, compressing gross profit by 10.9% compared to the previous quarter.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
