Advanced Petrochemical Co. reported a net profit of SAR 226 million in 2025, versus a net loss of SAR 259 million a year earlier.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 2,193.00 | 3,502.00 | 59.7 % |
| Gross Income | 288.00 | 670.00 | 132.6 % |
| Operating Income | 101.00 | 475.00 | 370.3 % |
| Net Income | (259.18) | 226.00 | 187.2 % |
| Average Shares | 260.00 | 260.00 | - |
| Earnings Per Share before unusual items (Riyals) | (0.18) | 0.87 | 579.9 % |
| EPS (Riyal) | (1.00) | 0.87 | 187.2 % |
The positive performance was driven by a 79% increase in the sales volume due to the commencement of operations of Advanced Polyolefins Industry Co. in Q3 2025 and the periodic scheduled maintenance during 2024.
Additionally, no share of losses on investment in SK Advanced was recognized during 2025 from a share in losses of SAR 133 million and recording a provision for impairment of SAR 212 million during 2024.
The results were also driven by a decrease in propane and purchased propylene prices by 17% and 4%, respectively.
On the other hand, the company reported a decrease in netback prices by 11%.
| Item | Q4 2024 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 579.39 | 1,171.72 | 102.2 % |
| Gross Income | 19.33 | 194.18 | 904.6 % |
| Operating Income | (24.15) | 127.67 | 628.6 % |
| Net Income | (287.89) | 0.87 | 100.3 % |
| Average Shares | 260.00 | 260.00 | - |
| Earnings Per Share before unusual items (Riyal) | (0.29) | 0.00 | 101.2 % |
| EPS (Riyal) | (1.11) | 0.00 | 100.3 % |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 1,017.75 | 1,171.72 | 15.1 % |
| Gross Income | 234.60 | 194.18 | (17.2 %) |
| Operating Income | 181.61 | 127.67 | (29.7 %) |
| Net Income | 71.81 | 0.87 | (98.8 %) |
| Average Shares | 260.00 | 260.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.28 | 0.00 | (98.8 %) |
| EPS (Riyal) | 0.28 | 0.00 | (98.8 %) |
In Q4 2025, Advanced turned to a profit of SAR 873,000 against a loss of SAR 287.89 million in Q4 2024.
On a sequential basis, Advanced’s bottom line fell dramatically from SAR 71.81 million in Q3 2025.
Total shareholders’ equity, after minority interest, stood at SAR 3.09 billion by Dec. 31, 2025, compared to SAR 2.87 billion a year earlier.
| Company | Estimated | Actual | Change |
|---|---|---|---|
| ADVANCED | 32.10 | 0.87 | |
| SADAFCO | 96.30 | 49.08 | |
| SAL | 184.42 | 201.67 | |
| ZAIN KSA | 164.53 | 231.06 | |
| YANSAB | 39.37 | (53.31) | |
| AMERICANA | 187.10 | 314.00 | |
| LUBEREF | 118.50 | 109.78 | |
| SAB | 2,102.20 | 2,046.53 | |
| SIIG | (2.50) | (149.87) | |
| ALBILAD | 773.04 | 816.75 |
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