Savola Group's recurring net profit rose 26% to SR500 million in the first nine months of 2026, as revenue increased 3.1% to SR20.1 billion. Reported net profit attributable to shareholders fell 22.2% to SR530 million, because the same period last year benefited from non-recurring gains. The group also set an interim cash dividend of SR210 million, or SR0.70 per share, for the first half of 2026.

Those one-off gains shaped the third-quarter comparison. Reported profit dropped 66.7% to SR128 million from SR386 million, as the third quarter of 2025 included SR257 million in non-recurring gains, mainly from the reversal of prior-year zakat accruals. On a recurring basis, quarterly profit was broadly stable at SR127 million, against SR129 million a year earlier.

Food processing drove the growth. The segment's revenue rose 6.6% to SR10.5 billion, with volume growth adding SR891 million, or 9.1%, which more than offset softer sugar prices globally and in Egypt. Its net profit climbed 66% to SR454 million.

Retail had a harder run. Revenue at Panda, the group's retail arm, was stable at SR8.5 billion, while recurring net income fell to SR28 million amid competitive pricing and the higher costs of expanding its store network. Online sales were the bright spot, growing about 2.5 times year on year. In comments reported by Argaam, Savola's CEO described retail as the group's weakest performer in the third quarter, pointing to intensifying competition and discount stores as pressures on retail margins.

"Our teams maintained continuity of supply and protected margins through disciplined pricing and cost management," said Sameh Hassan, CEO of Savola Group. He added that regional developments had made the group's raw-material supply chain harder to manage, significantly raised insurance premiums and left consumers more cautious.

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