Saudi Aramco recorded a 9 percent year-on-year increase in adjusted net income, reaching SR117 billion in the third quarter of 2026, compared with SR107.2 billion in the corresponding period last year.
The company’s cash flow from operating activities rose to SR145.2 billion from SR135.4 billion in the third quarter of 2025. Free cash flow also increased, reaching SR105.8 billion compared with SR88.4 billion a year earlier.
Aramco’s gearing ratio declined to 5.5 percent as of September 30, 2026, down from 6.2 percent at the end of June.
The company’s Board of Directors announced a base dividend of SR82.1 billion for the third quarter, marking a 3.5 percent annual increase. Payments are scheduled to be made in the fourth quarter.
Aramco reported a 234 percent year-on-year increase in adjusted earnings before interest, income taxes and zakat in its downstream segment, supported by improved refining margins.
In its upstream business, the company commenced production at the Zuluf crude oil increment project. Meanwhile, major developments, including the second phase of the Jafurah project, the Fadhili Gas Plant expansion and the Dammam field development, remained on schedule.
The East-West Pipeline continued to provide flexibility in the company’s export operations. Aramco is also exploring additional overseas storage capacity and alternative export routes to strengthen its global supply network.
Aramco announced the acquisition of a 49 percent stake in HUMAIN through asset transfers and cash contributions valued at approximately SR9.9 billion, expanding its involvement in the artificial intelligence sector.
The company also signed a shareholders’ agreement to establish a joint venture focused on mineral exploration and hard-rock mining. The initiative will draw on Aramco’s upstream expertise as it expands into related business sectors.
Commenting on the financial results, Aramco President and CEO Amin H. Nasser praised the commitment of the company’s workforce, operational performance and supply chain resilience, saying these factors had helped maintain reliable supplies to customers despite regional developments.
Nasser reaffirmed the company’s commitment to advancing priority projects and adopting advanced technologies to improve operational performance, explore new opportunities and meet rising global energy demand while delivering value to shareholders and customers.
