Yanbu National Petrochemical Co.’s (Yansab) profits tumbled to SAR 13.7 million in Q1 2025, against SAR 99.5 million a year earlier.
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 %) |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 1,485.60 | 1,512.06 | 1.8 % |
Gross Income | 102.63 | 153.90 | 50.0 % |
Operating Income | (54.18) | 20.62 | 138.0 % |
Net Income | (34.55) | 13.67 | 139.6 % |
Average Shares | 562.50 | 562.50 | - |
Earnings Per Share before unusual items (Riyal) | (0.05) | 0.06 | 220.4 % |
EPS (Riyal) | (0.06) | 0.02 | 139.6 % |
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:
Be the first to comment
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments Analysis: