Riyadh – Mubasher: Sustained Infrastructure Holding Company (SISCO Holding) posted a 271.176% surge in net profit for the third quarter (Q3) of 2026.
The net income reached SAR 63.10 million in Q3-26 compared to SAR 17 million in Q3-25.
The profit growth was primarily driven by a SAR 223 million increase in consolidated gross profit, supported by robust performance in the ports and logistics sectors.
Quarterly revenue rose by 94.77% to SAR 767.20 million in Q3-26 from SAR 393.90 million in Q3-25.
The company attributed the gains to higher cargo handling volumes at the Red Sea Gateway Terminal (RSGT) and the Multi-Purpose Terminals (MPT), alongside the gradual expansion of RSGTI operations.
Operating profit for the quarter climbed by 166.989% to SAR 275.80 million.
For the first nine months (9M) of 2026, SISCO Holding posted a net profit that reached SAR 148.50 million, a 140.68% increase year-on-year.
Total revenue for the nine-month period stood at SAR 1.93 billion, while earnings per share (EPS) improved to SAR 1.83 from SAR 0.76 in 9M-25.
The results were achieved despite a SAR 50.40 million rise in operating expenses, which included a SAR 24 million impairment on an operational asset at RSGT and a SAR 21.80 million impairment at a Logipoint project site.
Meanwhile, finance costs also increased by SAR 11.10 million during the quarter.
