Petro Rabigh loses SAR 691M in Q1 2025

12/05/2025 Argaam Exclusive

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Rabigh Refining and Petrochemical Co. (Petro Rabigh) narrowed Q1 2025 net losses by 49% to SAR 691 million, from SAR 1.36 billion in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 7,984.00 11,493.00 44.0 %
Gross Income (505.00) 219.00 143.4 %
Operating Income (830.00) (314.00) 62.2 %
Net Income (1365.00) (691.00) 49.4 %
Average Shares 1,671.00 1,671.00 -
Earnings Per Share before unusual items (Riyals) (0.82) (0.41) 49.4 %
EPS (Riyals) (0.82) (0.41) 49.4 %

The decline in losses was driven by better sales and improved margins on higher volumes of refined and petrochemical products amid relatively stable operations during the three-month period.

 

Additionally, the company recorded lower finance charges, due to the irrevocable and unconditional waiver of the revolving shareholder loan (announced separately on Aug. 29, 2024, and Jan. 28, 2025, on Tadawul), along with lower benchmark interest rates in the current quarter.

 

Meanwhile, losses decreased by 11.4% from SAR 780 million in Q4 2024, thanks to a marginal quarter-on-quarter (QoQ) increase in sales and higher prices of refined products and volumes.

 

Petro Rabigh also recorded improved profit margins from petrochemical products.

 

Total shareholders’ equity, no minority interest, reached SAR 10.9 billion as of March 31, 2025, up from SAR 9.18 billion a year earlier.

 

Accumulated losses stood at SAR 5.96 billion as of March 31, 2025, representing 35.72% of the company’s capital.

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Share Price

Rabigh Refining and Petrochemical Co.
6.97
0.12 1.75 %

Rabigh Refining and Petrochemical Co. (PETRO RABIGH)

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Financial Ratios
Current
Market Cap (M Riyal) 11,646.87
Enterprise Value (EV) (M) 32,599.45
Shares Outstanding ((M)) 1,671.00
EPS ( Riyal) (TTM) (2.32)
Book Value (BV) ( Riyal) 6.58
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.06
Return on Average Assets (%) (TTM) (6.36 )
Return on Average Equity (%) (TTM) (38.38 )
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