Riyadh – Mubasher: Sadr Logistics Company turned profitable at SAR 6.76 million in the first nine months (9M) of 2026, reversing a net loss of SAR 4.83 million in 9M-25.
The revenue for the period climbed by18.99% to SAR 119.72 million in 9M-26 from SAR 100.62 million a year earlier.
The financial turnaround was primarily supported by an 87% surge in logistics sector revenues, which reached SAR 44.57 million.
This growth was largely attributed to the Sadr Park project, which generated SAR 18.70 million in rental income compared to SAR 2.08 million in the prior-year period.
Wood sector revenues also climbed 33% to SAR 32.92 million. These gains offset a 14% decline in steel sector sales, which fell to SAR 41.38 million.
For the third quarter (Q3) of 2026, net profit reached SAR 1.32 million, a decrease of 43.61% compared to SAR 2.34 million in Q3-25.
Quarterly revenue grew by 12.74% to SAR 39.32 million.
The company noted that while wood and logistics revenues performed well, the quarterly bottom line was impacted by a 27% increase in cost of revenues and higher financing costs, which rose from SAR 0.63 million to SAR 1.42 million.
Total shareholders' equity stood at SAR 171.36 million as of 30 September 2026.
Sadr Logistics registered net profits totaling SAR 5.43 million at the end of June 2026, against losses of SAR 7.18 million a year earlier.
