Saudi Networkers Services posts 19% profit decline in 9M-26

NETWORKERS
9543 8.02% 62.65 4.65 2P
7204.B 0.00% 0.00 0.00

Riyadh — Mubasher: Saudi Networkers Services Company reported a net profit of SAR 24.03 million for the first nine-month (9M) period of 2026, representing a 19.06% decrease from SAR 29.69 million in 9M-25.

Earnings per share (EPS) fell to SAR 3.2 in 9M-26 when compared to SAR 4.0 a year earlier, according to a bourse filing.

The company attributed the annual net income decline primarily to non-recurring expenses related to its transition to the Main Market, alongside an increase in expected credit loss provisions and higher Zakat charges.

Total revenue reached SAR 438.94 million in 9M-26, a slight decrease of 1.03% from SAR 443.52 million in the prior-year period.

For the third quarter (Q3) of 2026, the net profit dropped by 39.82% to SAR 5.47 million from SAR 9.09 million in Q3-25.

Quarterly revenue remained relatively stable at SAR 146.48 million in July-September 2026, up 0.14% from SAR 146.27 million in Q3-25.

Operating profit fell by 36.95% to SAR 6.26 million as of 30 September 2026, while the total shareholders' equity stood at SAR 110.54 million, a 2.55% increase compared to SAR 107.79 million at the end of the same period in 2025.

Source: Mubasher Source: {{details.article.source}}