Tadweer’s profits increased by 12% to 20.48 million riyals in the first quarter of 2026.
The net profit of the National Environmental Recycling Company in the first quarter of 2026 increased by 12% to 20.48 million riyals, compared to 18.27 million riyals in the same quarter of last year.
According to the company’s statement on the website "Saudi Arabia trading"The increase in net profit by about 12% during the current period compared to the same period of the previous year is due to: growth in sales by 84%.
The reasons included: a decrease in net profit margins as a result of the increase in shipping and insurance costs, in addition to an increase in financing expenses as the current geopolitical conditions led to a lengthening of the collection cycle.
The decrease in net profit by about 12% during the current quarter, compared to the previous quarter is due to: a decrease in net profit margins as a result of an increase in shipping and insurance costs, in addition to an increase in Financing expenses, as the current geopolitical conditions have led to a lengthening of the collection cycle.
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