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2026-11-10T13:12:55.352Z

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Q3 Farm Profits Fall 11%

Q3 Farm Profits Fall 11%

Saudi Marketing Company, “Farm Superstores,” reported a 24.76% year-on-year decline in net profit for the third quarter of 2026, to SAR 4.84 million from SAR 6.44 million. Net profit also fell 26.5% quarter on quarter. The company attributed the decline to a SAR 29.6 million drop in quarterly revenue and a SAR 1.7 million decrease in gross profit, alongside an increase in net non-operating costs and expenses to SAR 20.9 million. For the first nine months of the year, net profit declined 11% to SAR 17.84 million, as revenue fell by SAR 77 million and gross profit by SAR 13.9 million.

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