Saudi Aramco Base Oil Co. (Luberef) reported a 12% decline in net profit to SAR 855.3 million in 2025, compared to SAR 972 million in the prior year.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 10,035.85 | 8,103.36 | (19.3 %) |
| Gross Income | 1,335.63 | 1,178.77 | (11.7 %) |
| Operating Income | 1,000.65 | 890.43 | (11.0 %) |
| Net Income | 972.03 | 855.32 | (12.0 %) |
| Average Shares | 168.75 | 168.75 | - |
| Earnings Per Share before unusual items (Riyals) | 5.65 | 5.07 | (10.3 %) |
| EPS (Riyal) | 5.76 | 5.07 | (12.0 %) |
Revenues declined in the three-month period due to lower sales volumes of base oils and by-products following the scheduled shutdown of the Yanbu facility, despite higher base oil cracking margins.
| Item | Q4 2024 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 2,626.79 | 1,569.04 | (40.3 %) |
| Gross Income | 338.58 | 207.24 | (38.8 %) |
| Operating Income | 221.59 | 114.40 | (48.4 %) |
| Net Income | 208.21 | 109.78 | (47.3 %) |
| Average Shares | 168.75 | 168.75 | - |
| Earnings Per Share before unusual items (Riyal) | 1.22 | 0.65 | (46.7 %) |
| EPS (Riyal) | 1.23 | 0.65 | (47.3 %) |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 2,157.25 | 1,569.04 | (27.3 %) |
| Gross Income | 363.70 | 207.24 | (43.0 %) |
| Operating Income | 292.56 | 114.40 | (60.9 %) |
| Net Income | 278.83 | 109.78 | (60.6 %) |
| Average Shares | 168.75 | 168.75 | - |
| Earnings Per Share before unusual items (Riyal) | 1.65 | 0.65 | (60.6 %) |
| EPS (Riyal) | 1.65 | 0.65 | (60.6 %) |
The fourth-quarter net profit dropped 47.3% to SAR 109.78 million from SAR 208.21 million in Q4 2024.
Luberef’s earnings fell 60.6% quarter-on-quarter (QoQ) from SAR 278.83 million in Q3 2025
Total shareholders’ equity, with no minority interest, increased to SAR 4.58 billion as of Dec. 31, 2025, from SAR 4.39 billion in the year-earlier period
Attached document:
| Company | Estimated | Actual | Change |
|---|---|---|---|
| LUBEREF | 118.50 | 109.78 | |
| SAB | 2,102.20 | 2,046.53 | |
| SIIG | (2.50) | (149.87) | |
| ALBILAD | 773.04 | 816.75 | |
| ALMAJED OUD | 23.10 | 42.26 | |
| RIBL | 2,600.50 | 2,640.92 | |
| NADEC | 103.00 | 63.99 | |
| ANB | 1,253.00 | 1,146.00 | |
| SAIB | 613.50 | 897.30 | |
| JARIR | 279.33 | 309.80 |
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