Almarai Company reports US$1.7B revenue in Q3 2026

SAUDI ARABIA – Almarai Company has reported revenue of US$1.65 billion, in Q3 2026 with broad-based sales growth across markets, product categories and channels, supported by poultry expansion and the contribution from the water business acquisition.

Net profit in Q3 2026 was US$164.8 million, driven by an improved revenue mix, but largely offset by higher dairy feed shipping costs and higher distribution costs from elevated energy expenses.

For the first nine months of 2026, net profit was broadly stable at US$531 million (SAR 1.99 billion) compared to the same period in 2025.

The company continued to benefit from sustained demand across key markets and the ramp-up of recent capacity investments. Its market leadership, cost-control initiatives and operational improvements helped support performance amid continued external cost pressures.

Fawaz Al Jasser, CEO of Almarai Company, said: “Almarai delivered broad-based revenue growth in the third quarter of 2026, supported by the strength of our brands, continued demand across our core categories and disciplined execution across the business. The investments we have made in recent years are increasingly contributing to growth and strengthening our ability to serve consumers across our markets.” 

Category performance

The dairy and juice category benefited from sustained demand and an improved revenue mix. Continued innovation and portfolio development supported the Company’s response to evolving consumer preferences.

The bakery category delivered improved performance, supported by a stronger sales mix, product innovation and disciplined cost management. The business also continued to pursue targeted product development and selective growth opportunities.

The protein category recorded a lower net profit contribution compared with Q3 2025, reflecting poultry market supply conditions, higher distribution costs driven by elevated energy expenses and ramp-up costs.

During the quarter, Almarai continued to strengthen its operational and financial capabilities. This progress was recognized through awards for digital transformation at the “LEAP 2026” conference as well as Islamic Issuer of the Year 2026 and Best Sukuk in Food & Beverage at The Asset Triple A Islamic Finance Awards 2026.

Outlook

The company is confident in the underlying strength of its business, supported by trusted brands, leading market positions and an integrated manufacturing and distribution network.

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