United Securities cuts target for Almarai stock to SAR 49.50

Published on 10/22/2026 at 09:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue rose 11.00 percent to SAR 6.19 billion on October 4, 2026. Almarai stock posted SAR 617.8 million in net profit.

Target cut and earnings growth

United Securities lowered its Almarai target to SAR 49.50 on October 12, 2026.
Third-quarter revenue increased 11.00 percent to SAR 6.19 billion on October 4, 2026.
Investing.com lists January 17, 2027 as Almarai's next earnings date.

Almarai, SA000A0ETHT1, Illustration mit AI erstellt.

Almarai (ISIN SA000A0ETHT1) saw United Securities cut its price target to SAR 49.50 on October 12, 2026, according to MarketScreener. The move followed third-quarter revenue of SAR 6.19 billion, up 11.00 percent year over year, while net profit reached SAR 617.8 million.

Revenue grows faster than profit

Almarai reported the third-quarter results on October 4, 2026. Revenue rose from SAR 5.55 billion in the third quarter of 2025 to SAR 6.19 billion in the third quarter of 2026, while net profit increased from SAR 613.2 million to SAR 617.8 million.

The figures show a clear conversion issue: revenue growth was 11.00 percent, but net profit growth was 1.00 percent. Higher feed shipping, distribution and energy costs absorbed much of the benefit from stronger sales.

Three dates explain the shift

Almarai reported SAR 6.19 billion in third-quarter revenue on October 4, 2026, according to Almarai. On October 8, 2026, the company presented a 2026 to 2031 growth strategy backed by more than USD 4 billion of planned investment, also reported by Almarai. United Securities then cut its target to SAR 49.50 on October 12, 2026, according to MarketScreener.

What does the target cut mean for margins?

The answer is visible in the earnings mix. Operating profit rose 3.00 percent to SAR 779 million in the third quarter of 2026, while net profit rose only 1.00 percent to SAR 617.8 million. Management linked the pressure to feed, energy, logistics and protein ramp-up costs, according to the Yahoo Finance transcript dated October 6, 2026.

Next reporting date

Investing.com lists January 17, 2027 as the next earnings date. Until then, the central question is whether investment-led sales growth can translate into faster profit growth.

Market value and investor context

Almarai's market capitalization stood at SAR 40.6 billion as of October 22, 2026. The Saudi-listed food company operates across dairy, juice, bakery, poultry and other food categories, with the third-quarter figures showing strong demand but a heavier cost burden.