Riyadh - Mubasher: Al Majed for Oud Company generated 50.50% higher net profits at SAR 45.30 million in the third quarter (Q3) of 2026, compared to SAR 30.10 million in Q3-25.
The fragrance retailer attributed the growth to improved market performance, the expansion of its branch network, and rising sales from its online store and digital platforms.
Quarterly revenue rose by 26.20% to SAR 293.30 million from SAR 232.40 million. The company also noted that successful promotional campaigns and an optimized product mix contributed to the bottom-line improvement.
Operating profit for the quarter stood at SAR 49.30 million, a 41.26% increase over the SAR 34.90 million recorded in Q3-25.
In the first nine months (9M) of 2026, net profit reached SAR 182.20 million, representing a 3.94% increase from SAR 175.30 million in the previous year.
Total revenue for the first nine months grew by 11.43% to SAR 948.60 million. Earnings per share (EPS) increased to SAR 7.29 from SAR 7.01.
Total shareholders' equity was reported at SAR 663.60 million, up from SAR 541.90 million a year earlier.
In the first half (H1) of 2026, the net profit reached SAR 136.90 million, down 5.71% from SAR 145.20 million in H1-25.
