Financial Results : Advanced posts SAR 225.1M profit in 9M 2025; Q3 at SAR 71.8M

Advanced posts SAR 225.1M profit in 9M 2025; Q3 at SAR 71.8M

16/10/2025 Argaam Exclusive

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Advanced Petrochemical Co. generated net profits of SAR 225.1 million for the first nine months of 2025, up from SAR 28.7 million in the prior-year period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 1,613.24 2,330.28 44.4 %
Gross Income 268.85 475.82 77.0 %
Operating Income 125.61 347.33 176.5 %
Net Income 28.71 225.13 684.2 %
Average Shares 260.00 260.00 -
Earnings Per Share before unusual items (Riyals) 0.11 0.87 684.2 %
EPS (Riyal) 0.11 0.87 684.2 %

The profit growth was driven by higher net revenues amid a 59% year-on-year (YoY) increase in sales volumes. This came on the back of the commencement of two polypropylene production lines at Advanced Polyolefins Co. in Q3 2025, following scheduled maintenance in Q1 2024.

 

In addition, the company reported lower feedstock costs, as propane and propylene prices declined by 10% and 3%, respectively.

 

Advanced recorded no losses from its investment in SK Advanced during Q3 2025, as the impairment provision for the investment was already recognized last year. The company’s share of losses from SK Advanced amounted to SAR 97 million in the same period of the previous year.

 

However, this positive performance was offset by a 10% decrease in netback prices.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 642.96 1,017.75 58.3 %
Gross Income 118.94 234.60 97.2 %
Operating Income 75.87 181.61 139.4 %
Net Income 45.52 71.81 57.8 %
Average Shares 260.00 260.00 -
Earnings Per Share before unusual items (Riyal) 0.18 0.28 57.8 %
EPS (Riyal) 0.18 0.28 57.8 %

In Q3 2025, Advanced’s net profit soared 58% to SAR 71.8 million, compared to SAR 45.52 million in the third quarter of 2024.

 

Sequentially, on the other hand, the company's three-month net earnings fell 12% from SAR 81.61 million in Q2 2025.

 

Shareholders' equity, excluding minority interest, contracted to SAR 3.13 billion as of Sept. 30, 2025, from SAR 3.21 billion a year ago.

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