Raoom turns to losses in 9M-26; quarterly revenues increase

RAOOM
4144 9.95% 80.70 7.30

Riyadh — Mubasher: Raoom Trading Company reported a net loss of SAR 10.84 million in the first nine months (9M) of 2026, compared to a net profit of SAR 6.96 million in 9M-25.

The company attributed the downturn primarily to a sharp increase in losses from the revaluation of financial assets at fair value, which reached SAR 20.23 million compared to SAR 2.24 million.

Operating profit in 9M-26 grew by 3.70% to SAR 12.77 million. Total shareholders' equity decreased by 17.92% to SAR 126.44 million. However, finance costs for the nine-month period climbed to SAR 2.93 million from SAR 1.49 million due to increased banking facilities.

Loss per share hit SAR 0.87 in the January-September 2026 period.

For the third quarter (Q3) of 2026, the company recorded a net loss of SAR 4.52 million, reversing a net profit of SAR 4.67M in the corresponding quarter of 2025.

Quarterly revenues rose slightly by 1.65% to SAR 27 million, supported by higher sales volumes following the acquisition of a branch in Jeddah.

The company noted that the financial impact of its recent acquisition of an industrial glass factory in Hail is expected to materialize in Q4-26. 

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