{
  "id": 17036061,
  "title": "Multi Business Group Swings to 11.4M SAR Nine-Month Profit",
  "url": "https://urgent.news/2026/10/29/multi-business-group-swings-to-11-4m-sar-nine-month-profit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T08:39:19.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/10/29/multi-business-group-swings-to-11-4m-sar-nine-month-profit/"
  },
  "original_language": "en",
  "account": "Riyadh, Saudi Arabia — Multi Business Group Co. reported an 11.4 million SAR net profit for the nine months to September 30, 2025, a staggering 687% increase compared to 1.4 million SAR in the same period last year. Stronger project margins and soaring building materials sales fueled the turnaround. Quarterly profit jumped to 5.6 million SAR in Q3 2025, reversing the 2.9 million SAR loss from the previous year. Revenue surged 71% year-over-year to 54.9 million SAR, with a nearly 10% rise in profit from Q2 2025. The contracting segment contributed 114.4 million SAR, up 9.57% year-over-year, accounting for nearly 92% of total revenue. Building materials sales surged 205% to 10.5 million SAR. Nine-month gross profit doubled to 18.5 million SAR, with a gross margin expanding to 14.84% from 7.29%. Operating profit rose to 12.7 million SAR, a 337% increase from previous nine months. Lower salaries and wages helped align costs with activity levels, while other income rose to 0.68 million SAR. Multi Business Group secured 146.7 million SAR in new contracts and had a 243.7 million SAR project backlog, representing 1.8 times its full-year 2025 revenue. The recovery is notable across all three quarters of 2025. With margins improving in both contracting and building materials, and a 243.7 million SAR backlog, the company provides meaningful revenue runway into 2026. Earnings per share reached 0.25 SAR for the nine months, up from 0.03 SAR previously. The external auditor issued an unmodified conclusion.",
  "summary": "Riyadh, Saudi Arabia — Multi Business Group Co. posted a net profit of 11.4 million SAR for the nine months ending September 30, 2025. That compares to a net profit of just 1.4 million SAR in the same period a year earlier — a 687% surge. Stronger project margins in contracting and a sharp rise […] The post Multi Business Group Swings to 11.4M SAR Nine-Month Profit appeared first on The Saudi…",
  "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."
}