Riyadh — Mubasher: The National Shipping Company of Saudi Arabia (Bahri) generated net profits of SAR 5.09 billion for the third quarter (Q3) of 2026, an annual leap of 890.66% from SAR 513.36 million.
The company attributed its performance to higher operational activity and a surge in global shipping rates across multiple business segments.
Quarterly revenue reached SAR 14.83 billion, up 503.75% from SAR 2.46 billion in the prior-year period. The oil transport division was the primary driver, with its revenue increasing by SAR 12 billion.
Other contributing sectors included integrated logistics and bulk cargo, which saw revenue gains of SAR 250 million and SAR 41 million, respectively.
In the first nine months (9M) of 2026, net profit soared by 586.67% to SAR 9.98 billion, compared to SAR 1.45 billion in 2025.
Total revenue for the nine months stood at SAR 26.10 billion, higher by 268.40% year-on-year (YoY) than SAR 7.08 billion. Earnings per share (EPS) improved to SAR 10.82 from SAR 1.58.
The company also noted a SAR 240 million increase in its share of profits from equity-accounted investees and a SAR 23 million reduction in finance costs during the quarter. Bahri’s total equity reached SAR 22.70 billion at the end of September 2026.
At the end of June 2026, the group’s net profit surged by 420.70% YoY to SAR 4.90 billion.
