Saudi Energy Nine-Month Profit Rises 4.3%
Riyadh, Saudi Arabia — Saudi Energy posted a net profit of 12,077 million SAR for the nine months ended 30 September 2026, up 4.3% from 11,584 million SAR in the same period a year earlier. Revenue climbed 11.5% to 87,244 million SAR, driven by grid expansion, rising project management fees, and a growing customer base. […] The post Saudi Energy Nine-Month Profit Rises 4.3% appeared first on The…
Riyadh, Saudi Arabia — Saudi Energy reported a nine-month net profit of 12,077 million SAR, representing a 4.3% increase from the previous year's 11,584 million SAR. Revenue rose 11.5% to 87,244 million SAR, fueled by grid expansion, higher project fees, and an expanding customer base. After accounting for 6,780 million SAR in Mudaraba instrument costs, net profit attributable to shareholders stood at 5,297 million SAR, up from 4,911 million SAR a year earlier.
Earnings per share increased by 7.6% to 1.27 SAR. In the third quarter alone, Saudi Energy generated 35,044 million SAR in revenue, up 12.9% year-on-year and 13.5% from the prior quarter. Quarterly net profit attributable to shareholders reached 5,354 million SAR, a slight 0.4% increase year-on-year but a significant 9.5% jump from Q2.
Overall comprehensive income attributable to shareholders grew by 21.1% year-on-year to 6,372 million SAR for the quarter. Nine-month gross profit totaled 18,886 million SAR, up 6.8% year-on-year, while operating profit rose 4.7% to 16,882 million SAR. Total shareholders' equity ended the period at 263,715 million SAR, slightly higher than the 260,893 million SAR recorded a year prior.
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.
