Bahri's Q3 net profit soared to $1.36 billion, marking an 85% increase over the previous quarter as surging tanker rates significantly bolstered the Saudi shipping firm's bottom line.
Bahri's Q3 net profit reached $1.36 billion, representing a tenfold year-over-year increase and an 85% sequential growth compared to Q2. This exceptional performance is primarily attributed to surging tanker rates within the global shipping environment, with the Bahri Oil business unit serving as the primary driver of this earnings momentum.
Bahri reported a net profit of $1.36 billion for the third quarter of 2025.
The Q3 profit represents an 85% increase compared to the second quarter results.
Saudi shipping giant Bahri reported a massive surge in third-quarter net profit, reaching $1.36 billion compared to $137 million in the same period last year. The company attributed the tenfold increase to elevated tanker rates, with the Bahri Oil business unit serving as the primary growth engine for the quarter.
The profit surge was primarily driven by surging tanker rates, which significantly benefited the company's Bahri Oil business unit.