Saudi Energy (5110) Q3 2026 earnings summary

Executive summary

• Nine-month revenue reached SAR 87,243,968 thousand versus SAR 78,269,551 thousand in 2025; profit for the period was SAR 12,077,492 thousand versus SAR 11,584,132 thousand.

• Regulated asset base reached SAR 278.8bn, up 16.6% YoY; 22 GWh of battery storage was energized, achieving the 2026 target.

Financial highlights

• Q3 revenue was SAR 35,044,077 thousand versus SAR 31,047,180 thousand; gross profit was SAR 7,787,711 thousand versus SAR 7,458,174 thousand.

• Nine-month gross profit was SAR 18,886,416 thousand, operating profit SAR 16,882,352 thousand and EBITDA SAR 34.7bn; YoY increases were 6.8%, 4.7% and 6.6%, respectively.

• Nine-month EPS after Mudaraba profit was SAR 1.27, up 7.6% YoY; EPS before Mudaraba profit was SAR 2.90, up 4.3%.

• Total comprehensive income was SAR 13,442,869 thousand versus SAR 11,105,347 thousand, including SAR 1,365,377 thousand of other comprehensive income.

Outlook and guidance

• Electricity consumption and services tariff adjustment takes effect January 1, 2027; no material financial impact is expected under the required-revenue methodology.

• Priorities include disciplined investment, reliable service, network expansion and infrastructure modernization to support rising demand and a balanced energy mix.