Financial Results : SABIC posts SAR 4.8B loss in 9M 2025, earns SAR 440M in Q3

SABIC posts SAR 4.8B loss in 9M 2025, earns SAR 440M in Q3

02/11/2025 Argaam Exclusive

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Saudi Basic Industries Corp. (SABIC) incurred a net loss of SAR 4.8 billion in the first nine months of 2025, against a net profit of SAR 3.4 billion in the prior-year period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 105,284.57 104,490.00 (0.8 %)
Gross Income 20,055.87 15,330.00 (23.6 %)
Operating Income 5,790.00 (990.00) (117.1 %)
Net Income 3,433.37 (4840.00) (241.0 %)
Average Shares 3,000.00 3,000.00 -
Earnings Per Share before unusual items (Riyals) 1.20 0.24 (79.7 %)
EPS (Riyal) 1.14 (1.61) (241.0 %)

The company said the losses were mainly attributed to a 1% decline year-on-year (YoY) in revenue to SAR 104.49 billion, primarily driven by lower average selling prices of products.

 

SABIC reported provisions and asset impairments of SAR 3.78 billion in Q2 2025, related to the closure of the Teesside cracker unit in the UK, in line with the company’s ongoing business portfolio review.

 

One-off restructuring costs were recorded at SAR 1.07 billion in Q1 2025 as part of the company’s strategic transformation program.

 

SABIC also recorded a drop of SAR 925 million in earnings from non-integrated joint ventures and associates, mainly due to asset impairments on certain financial holdings in Europe during Q2 2025.

 

In addition, the company posted a SAR 1.41 billion increase in Zakat and tax expenses, largely reflecting non-cash gains recorded in the same period last year, which affected Zakat and tax settlements.

 

On the other hand, general and administrative, as well as research and development costs decreased by SAR 426 million.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 36,880.15 34,330.00 (6.9 %)
Gross Income 6,999.70 6,110.00 (12.7 %)
Operating Income 2,480.00 1,660.00 (33.1 %)
Net Income 1,003.62 440.00 (56.2 %)
Average Shares 3,000.00 3,000.00 -
Earnings Per Share before unusual items (Riyal) 0.33 0.15 (55.7 %)
EPS (Riyal) 0.33 0.15 (56.2 %)

In Q3 2025, the giant petrochemical producer reported a 56.2% decline in net profit to SAR 440 million, from SAR 1 billion in Q3 2024.

 

The company recorded provisions and asset impairments of SAR 3.78 billion in the previous quarter, related to the closure of the Teesside cracker unit in the UK.

 

Selling, general, administrative, and R&D expenses declined by SAR 198 million.

 

Moreover, earnings from non-integrated joint ventures and associates rose by SAR 853 million, mainly due to improved profitability in these investments and lower impairments of certain financial assets in Europe during Q2 2025.

 

However, revenue decreased by 3% quarter-on-quarter to SAR 34.33 billion.

 

SABIC recorded an increase in Zakat and tax expenses of SAR 304 million.

 

SABIC turned profitable from a net loss of SAR 4.06 billion in Q2 2025.

 

Shareholders’ equity, after minority interest, reached SAR 149.41 billion as of Sept. 30, 2025, down from SAR 165.01 billion a year earlier.

Attached documents:

 

 

 

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