SAL 9M 2026 profit jumps 17% to SAR 579.91M; Q3 at SAR 231.92M

03/11/2026 Argaam Exclusive

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SAL Saudi Logistics Services Co. reported a net profit of SAR 579.91 million in the first nine months of 2026, a 17% rise from SAR 496.23 million a year earlier.

 


Financials (Million Riyal)

Item 9m 2025 9m 2026 Change‬
Revenues 1,199.24 1,537.21 28.2 %
Gross Income 688.74 899.19 30.6 %
Operating Income 525.18 635.75 21.1 %
Net Income 496.23 579.91 16.9 %
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyals) 6.20 7.25 16.9 %
EPS (Riyal) 6.20 7.25 16.9 %

Revenue rose 28.2% to SAR 1.54 billion, compared with SAR 1.20 billion in the year-earlier period, driven by 28.4% year-on-year (YoY) growth in cargo ground handling revenue on higher shipment volumes and a more diversified revenue mix.

 

Logistics services revenue also increased 26.7% YoY, supported by a broader customer base and continued expansion of the services portfolio, enhancing the flexibility of customers’ supply chains.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q3 2025 Q3 2026 Change‬
Revenues 421.21 579.29 37.5 %
Gross Income 250.59 355.21 41.7 %
Operating Income 187.83 251.76 34.0 %
Net Income 180.89 231.92 28.2 %
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyal) 2.26 2.90 28.2 %
EPS (Riyal) 2.26 2.90 28.2 %

Q3 2025 profit rose 28.2% to SAR 231.92 million, compared to SAR 180.89 million in Q3 2025.

 

Sequentially, net earnings increased 21.2% from SAR 191.39 million in Q2 2026, driven by a 13.1% rise in revenue to SAR 579.3 million from SAR 512.1 million, supported by continued improvements to the services portfolio and growth in cargo ground handling and logistics services revenue.

 

Total shareholders’ equity, with no minority interest, reached SAR 1.79 billion by Sept. 30, 2026, compared to SAR 1.55 billion a year ago.

 

Attached document:

 

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Share Price

SAL Saudi Logistics Services Co.
147.90
(0.70) (0.47 %)

SAL Saudi Logistics Services Co. (SAL)

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Financial Ratios
Current
Market Cap (M Riyal) 11,832.00
Enterprise Value (EV) (M Riyal) 10,937.59
Shares Outstanding ((M)) 80.00
Recurring EPS ( Riyal) (TTM) 9.77
Book Value (BV) ( Riyal) 22.38
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 15.14
P/E (TTM) 15.14
Price/book 6.61
Dividend Yield (%) (Last Year) 4.42
Return on Average Assets (%) (TTM) 18.8
Return on Average Equity (%) (TTM) 46.7
EV/Revenues 5.34
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