Financial Results : Advanced posts SAR 225M profit in 9M 2025; Q3 at SAR 72M

Advanced posts SAR 225M profit in 9M 2025; Q3 at SAR 72M

16/10/2025 Argaam Exclusive

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Advanced Petrochemical Co. generated net profits of SAR 225 million for the first nine months of 2025, up from SAR 29 million in the prior-year period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 1,613.00 2,330.00 44.5 %
Gross Income 269.00 476.00 77.0 %
Operating Income 126.00 347.00 175.4 %
Net Income 29.00 225.00 675.9 %
Average Shares 260.00 260.00 -
Earnings Per Share before unusual items (Riyals) 0.11 0.87 675.9 %
EPS (Riyal) 0.11 0.87 675.9 %

The profit growth was driven by a 59% year-on-year (YoY) increase in sales volumes due to the commencement of two polypropylene production lines at Advanced Polyolefins Co. in Q3 2025, following the scheduled maintenance activity in Q1 2024.

 

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

 

Advanced did not record any 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.

 

Net revenues increased despite a 10% decrease in netback prices.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 643.00 1,018.00 58.3 %
Gross Income 119.00 235.00 97.5 %
Operating Income 76.00 182.00 139.5 %
Net Income 46.00 72.00 56.5 %
Average Shares 260.00 260.00 -
Earnings Per Share before unusual items (Riyal) 0.18 0.28 56.5 %
EPS (Riyal) 0.18 0.28 56.5 %

In Q3 2025, Advanced’s net profit soared 57% to SAR 72 million, compared to SAR 46 million in the third quarter of 2024.

 

Sequentially, the company's Q3 2025 net earnings fell 12.2% from SAR 82 million in Q2 2025.

 

Shareholders' equity, excluding minority interest, fell to SAR 3.14 billion as of Sept. 30, 2025, from SAR 3.21 billion a year ago.

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