Naqi Water 9M 2026 profit surges 51% to SAR 17.99M; Q3 at SAR 2.9M

Naqi Water Co.’s net profit rose 51% to SAR 17.99 million for the first nine months of 2026, compared to SAR 11.9 million in the same period a year earlier.

This came as revenue soared 21% YoY in 9M 2026, driven by the successful implementation of the company’s strategy to boost retail sales, with the segment's revenue rising 32% YoY. Higher production capacity in the table eggs business also contributed to the nine-month revenue growth.

The company also cited improved operating profitability, reflecting better operational performance, supported by the successful retail sales strategy in the water segment and increased production capacity in the table eggs segment, despite the pressuring geopolitical conditions.

Naqi Water reported gains from fair value revaluations and dividend distributions from its investment portfolio, compared with revaluation losses recorded in the same period last year, in addition to gains from the disposal of property, plant, and equipment (PP&E).

In Q3 2026, however, the company’s earnings declined 16.9% to SAR 2.9 million from SAR 3.5 million a year earlier, mainly on a sharp rise in the cost of production inputs, resulting from the geopolitical conditions affecting the region.

Sequentially, the company’s profit fell 67.2% from SAR 8.87 million in Q2 2026.

Shareholders’ equity, no minority interest, amounted to SAR 277.36 million by the end of 9M 2026, compared to SAR 285.54 million in the prior-year period.

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