StocksMedium•9 November 2026•
1 min read
SMASCO Net Profit Rises 16% to SAR 128.8 Million in First Nine Months of 2026
Key Facts
1SMASCO reported a net profit of SAR 128.8 million for the first nine months of 2026, a 16% increase year-on-year.
2Q3 2026 net earnings fell 12% year-on-year to SAR 35.61 million.
3The company attributed the nine-month profit growth to an 11.4% increase in revenue driven by improved performance across main segments.
SMASCO reported a net profit of SAR 128.8 million for the first nine months of 2026, marking a 16% increase year-on-year. Argaam reported that net earnings for the third quarter of 2026 fell 12% to SAR 35.61 million.
The company attributed the nine-month profit growth to an 11.4% increase in revenue driven by improved performance across its main segments. This mixed performance highlights a recent quarterly slowdown despite the overall cumulative growth recorded throughout the year.