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Budget Saudi’s profit fell 10.61% year on year in the third quarter of 2026 to SAR 71.75 million, despite a 13.78% increase in revenue to SAR 716.78 million. The company attributed the decline in profit to weaker short-term rental operations amid regional conditions, slower renewals of long-term rental contracts, and customers opting for lower vehicle categories. Net profit was down 23.17% from the previous quarter, which included SAR 25 million in non-recurring income. The company said that excluding this income, third-quarter profit was more than SAR 3 million higher than in the previous quarter.
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