Bahri: Nine-Months 2026 Results With Net Profit Of SAR 9.98 Billion

The National Shipping Company of Saudi Arabia (Bahri), the Kingdom’s leading shipping and logistics company, announced its financial results for the third quarter and first nine months of 2026, reporting net profit of SAR 5.09 billion for Q3 2026, up 891% year-on-year, while net profit for the first nine months reached SAR 9.98 billion, an increase of 587% compared with the same period last year.

Bahri recorded Q3 revenues of SAR 14.83 billion, up 504% year-on-year, while revenues for the first nine months of 2026 reached SAR 26.10 billion, representing growth of 268%. The strong performance was primarily driven by Bahri Oil, which benefited from significantly higher realised VLCC freight rates and increased charter-in activity amid continued regional shipping disruption and strong customer demand. Bahri Chemicals & Products, Integrated Logistics and Dry Bulk also delivered year-on-year revenue growth during the quarter.

The results reflect Bahri’s continued ability to adapt to rapidly evolving trade flows and market conditions while maintaining commercial activity through an exceptionally challenging operating environment. During the third quarter, the Company continued to deploy additional chartered capacity where required to meet customer demand, while its diversified businesses responded to changing cargo flows across the region.

Bahri also continued to advance its long-term growth and fleet diversification strategy. During Q3 2026, the Company entered the LPG and ammonia shipping segment through the acquisition of three second-hand medium gas carriers. The first vessel was delivered in September, with the remaining two expected in Q4 2026 and Q1 2027, respectively.

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