National Environmental Recycling Company (Tadweeer) said its third-quarter net profit rose 186.5 percent to SR31.5 million ($8.4 million), from SR11 million a year earlier, as sales roughly tripled.
Revenue for the three months to September 30 rose 202 percent to SR780.9 million ($208.2 million), from SR258.5 million a year earlier, the company said in a statement on the Saudi Exchange on Wednesday, Al Arabiya Business reported.
Export sales rose about 212 percent from a year earlier and domestic sales about 174 percent. Volumes sold increased about 73 percent.
Operating profit for the quarter rose to SR43 million from SR14 million.
Compared with the second quarter, net profit rose 48.1 percent from SR21.3 million.
For the first nine months of 2026, net profit rose 94.7 percent to SR73.3 million ($19.5 million), from SR37.6 million in the same period of 2025. Revenue increased 154.8 percent to SR1.92 billion ($512.7 million).
The company attributed the nine-month sales growth to higher production capacity, a rise of about 56 percent in volumes sold, and revenue from recycling services.
It said geopolitical developments and market volatility in 2026 limited profit growth, as shipping and insurance costs rose.
Earnings per share for the nine months were SR0.322, compared with SR0.168 a year earlier.
 said third-quarter 2026 net profit rose 186.5% to SR31.5 million as revenue climbed 202% on higher export and domestic sales.){kind=link}