Financial Results : Saudi Kayan widens losses to SAR 1.6B in 9M 2025, SAR 336.3M in Q3

Saudi Kayan widens losses to SAR 1.6B in 9M 2025, SAR 336.3M in Q3

27/10/2025 Argaam Exclusive

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Saudi Kayan Petrochemical Co. slid into a deeper loss of SAR 1.60 billion in the first nine months of 2025, compared with SAR 1.11 billion a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 6,480.72 6,445.89 (0.5 %)
Gross Income (245.69) (589.12) (139.8 %)
Operating Income (611.14) (1117.75) (82.9 %)
Net Income (1118.11) (1608.39) (43.8 %)
Average Shares 1,500.00 1,500.00 -
Earnings Per Share before unusual items (Riyals) (0.87) (1.12) (28.6 %)
EPS (Riyal) (0.75) (1.07) (43.8 %)

The losses were attributed to lower revenues, due to a decline in average selling prices despite better sales volumes.

 

The company recorded SAR 106 million in insurance compensation related to the bisphenol plant incident during the current period of 2025, compared with SAR 177 million in the first nine months of 2024.

 

In Q3 2025, net losses widened by 13.5% to SAR 336.3 million, from SAR 296.1 million in Q3 2024 hurt by lower revenues.

 

Meanwhile, losses narrowed by 32.3% from SAR 496.3 million in Q2 2025 on a decline in the average production costs.

 

This was offset by lower revenues amid a slight decrease in average product selling prices and sales volumes.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 2,398.63 2,152.81 (10.2 %)
Gross Income 63.23 (88.08) (239.3 %)
Operating Income (126.49) (163.06) (28.9 %)
Net Income (296.16) (336.25) (13.5 %)
Average Shares 1,500.00 1,500.00 -
Earnings Per Share before unusual items (Riyal) (0.20) (0.29) (48.5 %)
EPS (Riyal) (0.20) (0.22) (13.5 %)

Shareholders’ equity, excluding minority interest, decreased to SAR 9.88 billion as of Sept. 30, 2025, from SAR 12.15 billion a year earlier.

 

Saudi Kayan’s accumulated losses reached SAR 5.83 billion, or 38.9% of total capital, by the end of the nine-month period.

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