# Al-Babtain Chairman Says Most Backlog Projects Will Hit Revenue Within 12-15 Months

> Al-Babtain expects most backlog projects to feed revenue within 12-15 months, after Q3 2026 net profit rose 16.7% to SAR 148.5 million on revenue of SAR 788.5 million.

- Published: 2026-11-10T17:52:00+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-10/al-babtain-backlog-revenue-q3-profit
- Source: [Argaam](https://www.argaam.com/en/article/articledetail/id/1952349)

## Key takeaways

- Al-Babtain Chairman Ibrahim Al-Babtain said most backlog projects will be reflected in revenue over the next 12 to 15 months.
- Q3 2026 net profit attributable to shareholders rose 16.7% to SAR 148.5 million, while revenue grew 1.5% to SAR 788.5 million.
- The board approved a Q3 2026 dividend of SAR 0.50 per share, bringing the year-to-date payout to SAR 1.50 per share.

Al-Babtain Power and Telecommunication Co. expects most of its contracted backlog to feed into revenue over the next 12 to 15 months, Chairman Ibrahim Al-Babtain said, after third-quarter 2026 net profit attributable to shareholders rose 16.7% to SAR 148.5 million. Al-Babtain gave the backlog timeline in an interview with [Argaam](https://www.argaam.com/en/article/articledetail/id/1952349).

## Al-Babtain's Backlog and Third-Quarter Results

[Al-Babtain](https://akta.pro/company-profiles/00223k6/al-babtain) is a Saudi-listed industrial manufacturer and turnkey supplier of steel structures for power transmission, telecommunications, outdoor lighting and renewable energy infrastructure, serving utilities, governments and developers from facilities in Saudi Arabia, Egypt and France.

Revenue in the quarter increased 1.5% to SAR 788.5 million, which the chairman said was on par with the average of the first two quarters. He attributed the profit gain to better operational efficiency, a gross profit margin of 25.2%, lower general, administrative and selling expenses, and softer financing costs.

For the first nine months of 2026, revenue grew 12% to SAR 2.34 billion and net profit rose 41.5% to SAR 443.4 million, Al-Babtain said. The nine-month gross profit margin improved from 23.6% to 25.3%.

Contracts signed in November 2024 and February 2025 for the design, manufacturing and supply of electricity transmission towers totaled SAR 1.79 billion, and most of that work is complete, with the remainder being finalized as planned, he said. Al-Babtain said the company continues to bid for tenders and win new contracts to replace completed projects.

On the final quarter, the chairman said: "We view the final quarter with cautious optimism, despite our strong performance in the first nine months of 2026, the size of its contracted backlog, and strong demand for its products." He said fourth-quarter results could be slightly affected by the timing of project execution and delivery, geopolitical developments, and pressure on supply chains and material, shipping and insurance costs.

## Al-Babtain's Solar and Manufacturing Record

According to akta.pro [company records](https://akta.pro/company-data), Al-Babtain diversified into renewable energy in 2017, adding photovoltaic solar, concentrated solar power and wind energy structures to its power and telecom portfolio. The company signed a SAR 260.66 million agreement in March 2019 with Spain's Europea de Construcciones Metalicas S.A. to supply CSP steel structures for the Mohammed bin Rashid Al Maktoum Solar Park Phase IV in Dubai, and secured a SAR 61.15 million six-month contract to supply solar power steel structures to Jordan's Baynouna solar project.

The same records put tower factory production capacity at 300,000 tons a year in Saudi Arabia and 60,000 tons a year in Egypt.

## Al-Babtain's Dividend and 2027 Targets

The board approved a distribution of SAR 0.50 per share for the third quarter of 2026, bringing the year-to-date dividend to SAR 1.50 per share. Al-Babtain said the company sees promising prospects in 2027 and is targeting projects in towers and metal structures, poles and lighting, design, supply and installation, solar energy, and overseas markets, with new solar projects expected to launch in 2027.

## Companies in this story

- [Al-Babtain company profile](https://akta.pro/company-profiles/00223k6/al-babtain) · website: http://www.al-babtain.com.sa

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