Financial Results : Yansab profits decline 86% to SAR 13.7M in Q1 2025

Yansab profits decline 86% to SAR 13.7M in Q1 2025

24/04/2025 Argaam Exclusive

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Yanbu National Petrochemical Co.’s (Yansab) profits tumbled to SAR 13.7 million in Q1 2025, against SAR 99.5 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 1,390.51 1,512.06 8.7 %
Gross Income 228.63 153.90 (32.7 %)
Operating Income 105.21 20.62 (80.4 %)
Net Income 99.52 13.67 (86.3 %)
Average Shares 562.50 562.50 -
Earnings Per Share before unusual items (Riyal) 0.18 0.06 (64.4 %)
EPS (Riyal) 0.18 0.02 (86.3 %)

This came as average selling prices for all products declined during the quarter, compared to the year-ago period, in addition to increased prices of some feedstock.

 

Meanwhile, revenues soared on an annual basis in Q1 2025, due to higher sales volumes.

 

On a quarter-on-quarter (QoQ) basis, Yansab turned to profit-making against losses of SAR 35 million in Q4 2024, thanks to the elevated topline.

 

Total shareholders’ equity, no minority interest, dropped to SAR 11.25 billion by the end of the three-month period, compared to SAR 12.03 billion in the previous year.

 

Attached Documents:

 

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