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الاقتصادية - CNN
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الاقتصادية

2026-11-09T11:11:00.000Z

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الاقتصادية - CNN

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ADES Q3 profit falls 56%

ADES Q3 profit falls 56%

Net profit attributable to shareholders of Saudi Arabia’s ADES Holding fell 55.8% in the third quarter of 2026 to SAR 94.9 million, compared with SAR 214.6 million a year earlier, despite a 34.8% increase in revenue to SAR 2.23 billion. The company attributed the decline in profitability to the temporary suspension of some regional operations and higher depreciation, interest and insurance expenses, while acquisitions and the expansion of drilling operations supported revenue growth.

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