Riyadh Cables Group’s net profit attributable to shareholders rose 15.5% to SR325.1 million ($86.7 million) in the third quarter of 2026, preliminary results posted on the Saudi stock exchange on Thursday showed.
Profit was SR281.5 million a year earlier. It also rose 6% from SR306.8 million in the second quarter, Asharq Al-Awsat reported.
Third-quarter revenue rose 18.2% to SR3.23 billion ($860.9 million) from SR2.73 billion.
The company attributed the revenue growth to higher raw material prices and a more diversified mix of products sold. It attributed the profit increase to the product mix.
Nine months
Net profit for the first nine months rose 11.9% to SR913.9 million ($243.7 million), from SR816.9 million a year earlier.
Nine-month revenue grew 12.5% to SR8.93 billion ($2.38 billion) from SR7.94 billion.
The company said higher raw material prices and larger sales volumes drove the nine-month revenue increase.
Earnings per share for the nine months rose to SR6.09 from SR5.46.
Gross profit for the period rose 4.7% to SR1.38 billion.
