StocksMedium•8 November 2026•
1 min read
Lazurde Jewelry Swings to Q3 Profit of SAR 1.8 Million in 2026 Turnaround
Key Facts
1Lazurde Company for Jewelry reported a net profit of SAR 0.2 million for the first nine months of 2026, reversing a prior-year loss.
2The company recorded a net profit of SAR 1.8 million in Q3 2026, compared to a net loss of SAR 4.30 million in Q3 2025.
Lazurde Company for Jewelry reported a net profit of SAR 1.8 million for the third quarter of 2026, reversing a net loss of SAR 4.30 million in the same period of 2025. Argaam reported that the company also achieved a net profit of SAR 0.2 million for the first nine months of 2026, compared to a loss in the previous year.
The financial turnaround follows the company's recovery from a net loss of SAR 16.8 million recorded in the first nine months of 2025. Performance also improved on a sequential basis, as the company moved from a SAR 5.18 million loss in the second quarter of 2026 to its current profitable position in the third quarter.