{
  "id": 15586013,
  "title": "NADEC Profit Drops 73% on Soaring Feed, Shipping Costs",
  "url": "https://urgent.news/2026/10/19/nadec-profit-drops-73-on-soaring-feed-shipping-costs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T08:37:56.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/10/19/nadec-profit-drops-73-percent-feed-shipping-costs/"
  },
  "original_language": "en",
  "account": "Riyadh, Saudi Arabia - The National Agricultural Development Company (NADEC) announced a 73% decline in net profit for Q3 2026, dropping to 30.4 million SAR, compared to 110.67 million SAR in the same quarter last year. The company's revenue increased slightly by 0.69% year-on-year, reaching 2,704.03 million SAR.\n\nThe main contributors to the profit drop were soaring feed costs, increased shipping charges, and regional maritime disruptions. The cost of sales as a percentage of revenue rose by 7.90 percentage points, and operating profit fell by 69.71%. Management stated that while feed costs, shipping charges, and maritime surcharges are expected to ease gradually as the regional operating environment normalizes, profitability is currently below 2025 levels.",
  "summary": "Riyadh, Saudi Arabia — The National Agricultural Development Company (NADEC) reported a sharp drop in quarterly profit, with net income falling 72.53% year-on-year to 30.4 million SAR in Q3 2026. Surging animal feed costs, higher shipping charges, and regional maritime disruptions crushed margins even as revenue grew. The result marks a significant reversal from the […] The post NADEC Profit…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}