Bahri posts 890% surge in Q3 profit to SAR 5.08 billion
Bahri reported a sharp rise in third-quarter 2026 profit, reaching SAR 5.08 billion, up 890% from SAR 513.3 million a year earlier.
Key Takeaways
AIBahri's profit soared to SAR 5.08 billion in the third quarter of 2026, compared to SAR 513.3 million in the same period last year, marking an 890.6% increase.
The company attributed the profit surge to higher revenues across all sectors, driven by increased operational activity and a rise in global shipping rates compared to the previous year. Notably, revenue from the oil transport sector rose by SAR 12 billion, the integrated logistics sector by SAR 250 million, and the dry bulk cargo sector by SAR 41 million.
Operating profit reached SAR 5.02 billion in the third quarter, up from SAR 599.9 million a year earlier, a 737.6% increase. Net profit for the current period stood at SAR 9.98 billion, compared to SAR 1.45 billion in the same period last year, an increase of 586.6%.