Riyadh Cables delivers 12% higher net profits in 9M-26

RIYADH CABLES
4142 -1.83% 96.80 -1.80 2P
7204.B 0.00% 0.00 0.00

Riyadh — Mubasher: Riyadh Cables Group Company logged a net profit of SAR 913.92 million in the nine-month period that ended on 30 September 2026, marking an 11.87% increase from SAR 816.96 million in 9M-25, according to the income statements.

The company attributed the net income growth in 9M-26 to a diversified product mix and an increase in quantities sold.

Total revenue for the nine-month period rose by 12.48% to SAR 8.93 billion, compared to SAR 7.94 billion in 9M-25, supported by higher raw material prices.

The company's earnings per share (EPS) for the nine-month period improved to SAR 6.09, up from SAR 5.46 in 9M-25.

Total shareholders' equity, excluding non-controlling interests, was reported at SAR 3.48 billion, a 19.52% increase from SAR 2.91 billion as of 30 September 2025.

Riyadh Cables noted that the independent auditor's report was issued with an unmodified opinion.

For the third quarter (Q3) of 2026, the company generated net profits worth SAR 325.13 million, which reflected an increase of 15.50% from SAR 281.49 million in the corresponding quarter of the previous year.

Quarterly revenue climbed 18.19% to SAR 3.23 billion in Q3-26 from SAR 2.73 billion in Q3-25.

Operating profit for the July-September 2026 quarter stood at SAR 401.77 million, a 20.59% increase year-on-year (YoY).

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