Alujain Corp., the Saudi petrochemical producer, said net profit for the first nine months of 2026 rose to SR133.05 million, from SR11.59 million a year earlier.
Nine-month revenue rose 44% to SR1.28 billion, from SR886.2 million, on higher sales volumes and selling prices, according to preliminary results posted on the Saudi Exchange on Sunday.
Third-quarter net profit rose 77% to SR29 million, from SR16.4 million. Quarterly revenue grew 20% to SR404.1 million, as average selling prices rose 11.2% despite lower volumes sold.
Compared with the second quarter, net profit fell 68% from SR91.9 million. Revenue dropped 25% from SR541.9 million as production and sales volumes declined and average selling prices fell 27%.
Alujain said it had invested about SR1.43 billion in its new NATPET-2 project by the end of the third quarter, with a large part of initial construction completed.
The company said challenges remain in completing the project’s financing, and that it is addressing them in light of current conditions, Mubasher reported.
Earnings per share for the nine months were SR1.92, compared with SR0.17 a year earlier.
