Financial Results : Saudi Kayan loses SAR 1.27B in H1 2025, SAR 496.4M in Q2

Saudi Kayan loses SAR 1.27B in H1 2025, SAR 496.4M in Q2

28/07/2025 Argaam Exclusive

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Saudi Kayan Petrochemical Co. incurred a net loss of SAR 1.27 billion in the first half of 2025, compared with SAR 822 million a year earlier.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 4,082.08 4,293.08 5.2 %
Gross Income (308.92) (501.04) (62.2 %)
Operating Income (484.64) (954.70) (97.0 %)
Net Income (821.95) (1272.14) (54.8 %)
Average Shares 1,500.00 1,500.00 -
Earnings Per Share before unusual items (Riyals) (0.67) (0.83) (22.7 %)
EPS (Riyal) (0.55) (0.85) (54.8 %)

The higher losses were attributed to an increase in production input costs, along with a decline in average product selling prices. On the other hand, the company reported higher sales volumes.

 

It is worth noting that the H1 2024 financial statements included the collection of a partial insurance amount of SAR 177 million, in addition to the non-recurring cost of refinancing Islamic Murabaha loans and restructuring as part of the transformation program disclosed in Q1 2025.

 

In Q2 2025, Saudi Kayan slid into a deeper loss of SAR 496.4 million, from SAR 250 million in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 2,106.24 2,231.29 5.9 %
Gross Income (34.10) (112.39) (229.6 %)
Operating Income (91.28) (305.84) (235.1 %)
Net Income (250.09) (496.35) (98.5 %)
Average Shares 1,500.00 1,500.00 -
Earnings Per Share before unusual items (Riyal) (0.26) (0.33) (26.8 %)
EPS (Riyal) (0.17) (0.33) (98.5 %)

On a quarterly basis, net losses narrowed by 36% from SAR 775.8 million in Q1 2025.

 

Total shareholders’ equity, no minority interest, stood at SAR 10.23 billion as of June 30, 2025, down from SAR 12.51 billion a year earlier.

 

Accumulated losses amounted to SAR 5.49 billion at the end of the six-month period, representing 36.7% of the company's capital.

 

Attached Documents

 

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