Financial Results : Chemanol incurs SAR 467.7M loss in H1 2025, SAR 427.3M in Q2

Chemanol incurs SAR 467.7M loss in H1 2025, SAR 427.3M in Q2

11/08/2025 Argaam Exclusive

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Methanol Chemical Co. (Chemanol) widened net losses to SAR 467.7 million in the first half of 2025, from SAR 52.5 million in H1 2024.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 352.31 320.28 (9.1 %)
Gross Income 46.36 16.68 (64.0 %)
Operating Income (34.67) (84.44) (143.6 %)
Net Income (52.50) (467.73) (790.8 %)
Average Shares 67.45 67.45 -
Earnings Per Share before unusual items (Riyals) (0.78) (1.95) (150.0 %)
EPS (Riyal) (0.78) (6.93) (790.8 %)

The increased losses were attributed to a 9% year-on-year (YoY) decline in the first-half revenues, coupled with assets impairment for two subsidiaries.

 

Additionally, Chemanol recognized SAR 94.5 million in incremental provisions. The parent company also recorded a SAR 71.8 million operating loss in the six-month period.

 

In the second quarter, the company slid into a deeper loss of SAR 427.26 million, compared to SAR 28.28 million in Q2 2024.

 

Quarter-on-quarter, the three-month net loss also soared from SAR 40.47 million in Q1 2025.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 169.04 152.38 (9.9 %)
Gross Income 24.53 1.24 (94.9 %)
Operating Income (18.87) (56.54) (199.7 %)
Net Income (28.28) (427.26) (1,410.6 %)
Average Shares 67.45 67.45 -
Earnings Per Share before unusual items (Riyal) (0.42) (1.35) (220.9 %)
EPS (Riyal) (0.42) (6.33) (1,410.6 %)

Total shareholders’ equity, after minority interest, amounted to SAR 300.97 million as of June 30, 2025, compared to SAR 988.1 million a year earlier.

 

By the end of H1 2025, accumulated losses reached SAR 535.55 million, making up 79% of Chemanol’s capital.

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