Al-Babtain’s profit rises in Jan-Sep 2026 on higher sales

Saudi Arabia's Al-Babtain Power and Telecommunication reported a 41.5pct YoY increase in net profit for the first nine months of 2026, supported by higher sales and lower costs.

Net profit reached SAR 443.4 mln (USD 118.2 mln) in January-September, compared with SAR 313.3 mln (USD 83.5 mln) a year earlier. Revenue increased by 12pct YoY to SAR 2.35 bln (USD 625.7 mln).

The company said sales growth was driven by higher revenue in its towers and steel structures segment, as well as its poles, lighting and design business. Lower administrative, marketing and financing costs also supported profit growth.

In the third quarter, net profit increased by 16.7pct YoY to SAR 148.5 mln (USD 39.6 mln), while revenue edged up 1.5pct to SAR 788.5 mln (USD 210.3 mln).

However, quarterly revenue declined by 2.6pct from the previous quarter, which the company attributed to geopolitical factors and supply chain disruptions. Net profit also declined by 2pct QoQ.

Founded in 1955, Al-Babtain Power and Telecommunication Co. is a Saudi Arabian manufacturer active in outdoor lighting, transmission and distribution, telecommunications and renewable energy. The company operates high-voltage transmission and communication towers plants, steel structure facilities, a tower testing station and galvanizing plants in Saudi Arabia, as well as manufacturing facilities in Egypt. Its annual production capacity includes 170,000 tons of steel towers in Saudi Arabia, 50,000 tons in Egypt and more than 150,000 tons of poles.

1 USD / 3.75 SAR