Lujain’s Profit Rises 77% to 29 Million Riyals in Third Quarter of 2026
Key Facts
Lujain recorded net profit of 29.00 million riyals in the third quarter of 2026, up 77.0% year on year, according to Argaam data. The company had posted net profit of 16.39 million riyals in the third quarter of 2025. Revenue rose to 404.12 million riyals, compared with 335.42 million riyals a year earlier, an annual increase of 20.5%. Gross profit reached 47.32 million riyals, compared with 22.44 million riyals in the corresponding period, up 110.9%. These indicators show year-on-year increases in revenue, operating profit and net profit during the quarter.
Operating profit climbed to 26.21 million riyals in the third quarter, from 7.24 million riyals in the same quarter a year earlier, an increase of 262.0%, according to Argaam. The available data did not specify the reasons for the quarter’s growth, so the increase cannot be attributed to an operating factor or a change in market conditions. Sequentially, net profit fell 68.4% from the second quarter of 2026. Profit was 91.87 million riyals in the second quarter before coming in at 29.00 million riyals in the third quarter. The quarter’s performance was therefore higher than a year earlier, while net profit was below the previous quarter’s level.
Actual net profit was below the average analyst forecast published for the third quarter, which stood at 47.67 million riyals, as the company posted 29.00 million riyals. The gap compares the estimate issued before the announcement with the reported result, while the available data provides no breakdown of the reasons for the difference. For the first nine months of 2026, revenue reached 1,276.27 million riyals, compared with 886.23 million riyals in the same period of 2025. Net profit for the nine months was 133.05 million riyals, compared with 11.59 million riyals a year earlier. The figures for the nine-month period reflect growth in revenue and net profit compared with the first nine months of the previous year.
Earnings per share were 0.42 riyals in the third quarter of 2026, compared with 0.24 riyals in the corresponding period of 2025, according to Argaam. Lujain holds a 65% majority stake in National Petrochemical Industrial Co. (NATPET), according to Lujain’s investor relations page. NATPET operates a propylene and polypropylene production complex in Yanbu. Lujain shares closed at 25.82 riyals on October 29, 2026, according to EL7 data. The available trading data does not include the session’s price range; the figure is limited to that day’s closing price.