LONDON: British regulators finished searching the offices of Cambridge Analytica, the firm at the center of a Facebook data scandal, before dawn on Saturday and said they would examine the evidence before considering “next steps.”
After receiving a warrant from a judge, about 18 enforcement agents from the Information Commissioner’s Office entered the company’s London offices on Friday night.
“Our investigators left the premises at about 3 a.m.,” a spokesman for the data watchdog said Saturday.
“We will now need to assess and consider the evidence before deciding the next steps and coming to any conclusions.
“This is one part of a larger investigation by the ICO into the use of personal data and analytics by political campaigns, parties, social media companies and other commercial actors.”
Cambridge Analytica, which worked on US President Donald Trump’s election campaign, has been accused of illegally mining tens of millions of users’ Facebook data and using it to target potential voters.
The row has sparked a major crisis for Facebook, prompting investigations on both sides of the Atlantic and sending its share price plunging amid fears of additional regulation that could affect its business model.
CEO Mark Zuckerberg has issued a public apology, admitting there had been a “major breach of trust.”
Cambridge Analytica received data harvested in an app developed by an independent University of Cambridge academic, which was downloaded by around 270,000 people but scooped up information on up to 50 million people.
It denies the data was used in the Trump campaign, and Facebook says it was used without the company’s knowledge.
Questions are also being raised about Cambridge Analytica’s role in Britain’s vote to leave the EU in 2016. It denies working on the campaign, but a former employee said it conducted data research for a key player, Leave.EU.
UK watchdog reviews evidence after agents search Cambridge Analytica offices
UK watchdog reviews evidence after agents search Cambridge Analytica offices
SABIC Agri-Nutrients profit climbs 30% on higher fertilizer prices
RIYADH: SABIC Agri-Nutrients Co. posted a nearly 30 percent jump in annual profit after higher fertilizer prices and stronger associate income boosted earnings.
Net income rose to SR4.32 billion ($1.15 billion) in 2025, up 29.91 percent from a year earlier, according to a filing on Tadawul. Revenue increased 18.23 percent to SR13.07 billion.
The company attributed the rise in profit to higher sales, driven mainly by an increase in the average selling prices of most of its products. The profit growth was also supported by a higher share of results from an associate and a joint venture.
“The year of 2025 saw average selling prices increase by 16 percent while sales volumes increased by 2 percent compared to the previous year. This resulted in revenue increasing by 18 percent,” the company said in a statement.
The stronger performance lifted shareholders’ equity, after minority interest, to SR21.20 billion as of Dec. 31, 2025, compared with SR18.47 billion a year earlier.
The board declared a cash dividend of 35 percent, or SR3.5 per share.
In a separate statement, SABIC Agri-Nutrients said its board approved the merger of its wholly owned subsidiary, National Chemical Fertilizer Co., also known as Ibn Al-Baytar, into the parent company.
“This merger aims to strengthen SABIC Agri-Nutrients’ structure and achieve greater efficiency by accelerating company activities and reducing certain costs,” the company said.
It added: “There is no material financial impact resulting from this merger. Any material developments will be announced.”
