BinDawood Holding 9M 2026 net profit down 3% to SAR 155.5M; Q3 at SAR 35.76M

BinDawood Holding Co. reported a 3% decline in net profit to SAR 155.47 million for the first nine months of 2026, compared with SAR 161.02 million a year earlier.

The company attributed the performance to the full-period consolidation of its pharmacy segment, acquired in February 2025, and Toy Triangle, acquired in Q4 2025, alongside expansion in its supermarket and pharmacy segments.

Other factors included increased operating capacity at the Mega Dark Store central distribution warehouse, the launch of a new micro-fulfillment facility in Makkah, and the consolidation of Vaza Food Co.s results for four months and Wonder Bakery's results for two months.

The company also consolidated the operations of a dairy manufacturing facility acquired from JUUST & JUBN OÜ for one month, while incurring one-off acquisition-related costs.

Finance costs increased by SAR 19.5 million due to new lease liabilities, while acquisition-related finance costs rose by SAR 4.8 million in connection with the pharmacy business, Vaza Food, Wonder Bakery, and the acquired dairy manufacturing assets.

Finance income also declined by SAR 2.6 million due to the use of cash reserves to fund acquisitions.

These factors were partly offset by a 10.5% increase in revenue to SAR 5.17 billion, a 10.9% rise in gross profit, and a 21.3% increase in operating profit.

In the third quarter of 2026, net profit fell 15% to SAR 35.76 million from SAR 42.07 million in the same period a year earlier.

On a quarterly basis, net profit declined 27.9% from SAR 49.58 million in Q2 2026.

Total shareholders' equity, after excluding minority interest, stood at SAR 1.63 billion as of Sept. 30, 2026, compared with SAR 1.46 billion a year earlier.

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