Saudi utility giant Acwa’s Q3 net profit jumps 71% to $169m

Saudi utility giant Acwa reported a 71.1% year-on-year increase in Q3 net profit, reaching SR635.1 million ($169.4 million), driven by higher contributions from equity-accounted investees and strong gross profit. Revenue rose 32.7% to SR2.2 billion, with operating profit up 88.2%. For the first nine months of 2026, net profit edged up 0.6% to SR1.29 billion.