Financial Results : Luberef profit at SAR 745.5M in 9M 2025, SAR 278.8M in Q3

Luberef profit at SAR 745.5M in 9M 2025, SAR 278.8M in Q3

02/11/2025 Argaam Exclusive

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Saudi Aramco Base Oil Co. (Luberef) posted a net profit of SAR 745.5 million for the first nine months of 2025, a decline of 2% from SAR 763.8 million in the corresponding period of 2024.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 7,409.07 6,534.32 (11.8 %)
Gross Income 997.04 971.53 (2.6 %)
Operating Income 779.06 776.04 (0.4 %)
Net Income 763.82 745.53 (2.4 %)
Average Shares 168.75 168.75 -
Earnings Per Share before unusual items (Riyals) 4.43 4.42 (0.3 %)
EPS (Riyal) 4.53 4.42 (2.4 %)

The lower profit was attributed to a decline in revenues, due to subdued sales volumes of base oils, along with lower by-products prices and sales.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 2,495.47 2,157.25 (13.6 %)
Gross Income 296.30 363.70 22.7 %
Operating Income 216.73 292.56 35.0 %
Net Income 225.96 278.83 23.4 %
Average Shares 168.75 168.75 -
Earnings Per Share before unusual items (Riyal) 1.28 1.65 29.2 %
EPS (Riyal) 1.34 1.65 23.4 %

In Q3 2025, Luberef’s net earnings rose by 23.4% to SAR 278.8 million, from SAR 225.9 million in the prior-year period, thanks to an increase in base oil and by-products crack margins.

 

On the other hand, revenues declined amid lower sales volumes and base oil prices.

 

Compared to Q2 2025, net earnings saw an increase of 13.7% from SAR 245.2 million.

 

Total shareholders’ equity, with no minority interest, reached SAR 4.44 billion as of Sept. 30, 2025, up from SAR 4.14 billion a year earlier.

 

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