SABIC CEO expects sales volumes to edge up in Q4 2025

SABIC CEO Abdulrahman Al-Fageeh

Saudi Basic Industries Corp. (SABIC) expects Q4 2025 sales volumes to remain at similar levels as Q3, with a marginal increase, CEO Abdulrahman Al-Fageeh said at the Q3 2025 results press conference.

Demand for end-products and applications in the petrochemicals sector—particularly plastics—is also likely to remain unchanged with the possibility of a slight growth, the CEO added.

SABIC has sufficient feedstock and raw materials to cover its manufacturing operations inside and outside Saudi Arabia, with most prices linked to global markets, he noted.

The petrochemicals market remains structurally upbeat and resilient, sometimes outperforming the gross domestic product (GDP) growth. The current market dynamics are primarily the result of the global overcapacity built up over the past decade, especially in the United States and Europe.

SABIC has begun to see the impact of its internal transformation program during the second and third quarters, while the business portfolio review program remains ongoing with respect to core assets, said Salah Al-Hareky, Executive Vice President for Corporate Finance.

Al-Hareky attributed the decline in Q3 2025 net profit primarily to provisions, in addition to the drop in average product prices compared with the previous year. This was partly offset by cost reductions and improved operational efficiency.

According to data compiled by Argaam, SABIC incurred loss of SAR 4.8 billion during the first nine months of 2025, versus a profit of SAR 3.4 billion in the same period of 2024. The company, however, reported a profit of SAR 440 million for the third quarter of 2025.