Yanbu National Petrochemical Co. (Yansab) reported a net profit slump of 82% to SAR 58.2 million in the first half of 2025, from SAR 324 million a year earlier.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 3,047.00 | 2,906.00 | (4.6 %) |
Gross Income | 561.00 | 339.20 | (39.5 %) |
Operating Income | 308.00 | 55.60 | (81.9 %) |
Net Income | 324.00 | 58.20 | (82.0 %) |
Average Shares | 562.50 | 562.50 | - |
Earnings Per Share before unusual items (Riyals) | 0.53 | 0.14 | (73.3 %) |
EPS (Riyal) | 0.58 | 0.10 | (82.0 %) |
Yansab reported a drop in revenue due to lower product average selling prices.
In Q2 2025, net earnings tumbled 80% to SAR 44.5 million, from SAR 224.78 million in the prior-year period, hurt by lower sales volume and product average selling prices. In addition, the company reported a rise in some production input costs.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 1,656.70 | 1,393.90 | (15.9 %) |
Gross Income | 332.10 | 185.30 | (44.2 %) |
Operating Income | 207.00 | 47.60 | (77.0 %) |
Net Income | 224.78 | 44.50 | (80.2 %) |
Average Shares | 562.50 | 562.50 | - |
Earnings Per Share before unusual items (Riyal) | 0.36 | 0.08 | (77.8 %) |
EPS (Riyal) | 0.40 | 0.08 | (80.2 %) |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 1,512.10 | 1,393.90 | (7.8 %) |
Gross Income | 153.90 | 185.30 | 20.4 % |
Operating Income | 8.00 | 47.60 | 495.0 % |
Net Income | 13.67 | 44.50 | 225.6 % |
Average Shares | 562.50 | 562.50 | - |
Earnings Per Share before unusual items (Riyal) | 0.06 | 0.08 | 25.5 % |
EPS (Riyal) | 0.02 | 0.08 | 225.6 % |
On a sequential basis, net earnings more than tripled from SAR 13.67 million in Q1 2025, thanks to a decline in the cost of some production inputs despite lower revenue and sales volumes.
Shareholders’ equity, excluding minority interest, declined to SAR 11.29 billion as of June 30, 2025, from SAR 11.71 billion a year earlier.
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