Petro Rabigh incurs SAR 3.89B loss in 2025, SAR 606M in Q4

09/03/2026 Argaam Exclusive

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Rabigh Refining and Petrochemical Co. (Petro Rabigh) trimmed its net loss to SAR 3.89 billion in 2025, from SAR 4.54 billion a year ago.

Financials (M)

Item	2024	2025	Change‬
Revenues	38,662.14	35,008.49	(9.5 %)
Gross Income	(1671.96)	(1755.34)	(5.0 %)
Operating Income	(2672.81)	(2625.82)	1.8 %
Net Income	(4544.53)	(3898.70)	14.2 %
Average Shares	1,671.00	1,802.59	7.9 %
Earnings Per Share before unusual items (Riyals)	(2.72)	(2.19)	19.7 %
EPS (Riyal)	(2.72)	(2.16)	20.5 %

The narrower losses were mainly attributed to a slight increase in sales volumes of refined products.

This is besides incurring lower financing costs in 2025, after the founding shareholders waived renewable shareholder loans worth SAR 5.63 billion. In addition, the company made an early repayment of SAR 5.26 billion in financing and a bridge loan, using proceeds from the Class B ordinary share offering.

Lower interest rates and improved margins for refined products during the year also supported the reduction in the full-year net losses.

However, the 2025 revenue declined on yearly basis, mainly due to lower average selling prices of refined and petrochemical products, in addition to the pullback in both selling prices and volumes amid challenging market conditions.

Moreover, the Petro Rabigh complex underwent a full shutdown of all operating facilities and production units for 60 days to carry out scheduled turnaround.

In Q4 2025, the Saudi chemical producer tightened net losses to SAR 606 million, from SAR 780 million in the prior-year period.

Sequentially, the three-month losses also shrank from SAR 1.23 billion in Q3 2025.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2024	Q4 2025	Change‬
Revenues	11,192.54	10,652.54	(4.8 %)
Gross Income	(86.39)	57.57	166.6 %
Operating Income	(344.32)	(188.05)	45.4 %
Net Income	(779.28)	(606.38)	22.2 %
Average Shares	1,671.00	1,802.59	7.9 %
Earnings Per Share before unusual items (Riyal)	(0.47)	(0.34)	27.9 %
EPS (Riyal)	(0.47)	(0.34)	27.9 %

Item	Q3 2025	Q4 2025	Change‬
Revenues	9,195.00	10,652.54	15.9 %
Gross Income	(727.21)	57.57	107.9 %
Operating Income	(932.45)	(188.05)	79.8 %
Net Income	(1235.56)	(606.38)	50.9 %
Average Shares	1,802.59	1,802.59	-
Earnings Per Share before unusual items (Riyal)	(0.69)	(0.34)	50.9 %
EPS (Riyal)	(0.69)	(0.34)	50.9 %

Shareholders’ equity, no minority interest, reached SAR 13.03 billion as of Dec. 31, 2025, up from SAR 9.80 billion a year earlier.

By year-end, accumulated losses amounted to SAR 9.19 billion, making up 41.83% of capital.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2016	4,947.26	(35.3 %)	221.46	(61.6 %)	(9.53)	(104.2 %)
Q2 2016	6,335.74	(25.4 %)	400.82	(45.9 %)	115.95	(76.5 %)
Q3 2016	6,375.62	(4.5 %)	25.03	110.0 %	(201.43)	56.5 %
Q4 2016	7,487.51	177.8 %	460.12	159.6 %	217.56	121.4 %
2016	25,146.13	(1.4 %)	1,107.43	275.0 %	122.57	116.1 %
Q1 2017	6,702.23	35.5 %	65.14	(70.6 %)	(172.65)	(1,711.3 %)
Q2 2017	8,843.80	39.6 %	634.67	58.3 %	392.70	238.7 %
Q3 2017	9,141.32	43.4 %	1,101.80	4301.9 %	809.76	502.0 %
Q4 2017	9,523.67	27.2 %	894.42	94.4 %	623.16	186.4 %
2017	34,211.01	36.0 %	2,696.02	143.4 %	1,652.95	1248.6 %
Q1 2018	9,856.35	47.1 %	772.06	1085.3 %	377.56	318.7 %
Q2 2018	10,742.81	21.5 %	664.18	4.6 %	297.20	(24.3 %)
Q3 2018	12,041.25	31.7 %	607.50	(44.9 %)	343.71	(57.6 %)
Q4 2018	8,357.79	(12.2 %)	271.31	(69.7 %)	(91.05)	(114.6 %)
2018	40,998.19	19.8 %	2,315.04	(14.1 %)	927.42	(43.9 %)
Q1 2019	8,428.02	(14.5 %)	817.68	5.9 %	460.79	22.0 %
Q2 2019	9,031.62	(15.9 %)	290.65	(56.2 %)	(55.00)	(118.5 %)
Q3 2019	8,742.11	(27.4 %)	870.60	43.3 %	595.98	73.4 %
Q4 2019	7,860.24	(6.0 %)	(261.02)	(196.2 %)	(650.58)	(614.5 %)
2019	34,061.98	(16.9 %)	1,717.91	(25.8 %)	351.19	(62.1 %)
Q1 2020	4,061.63	(51.8 %)	(1385.50)	(269.4 %)	(1714.55)	(472.1 %)
Q2 2020	2,706.39	(70.0 %)	(453.08)	(255.9 %)	(788.61)	(1,333.8 %)
Q3 2020	7,051.72	(19.3 %)	133.19	(84.7 %)	(303.97)	(151.0 %)
Q4 2020	8,050.46	2.4 %	802.78	407.6 %	315.69	148.5 %
2020	21,870.20	(35.8 %)	(902.61)	(152.5 %)	(2491.45)	(809.4 %)
Q1 2021	10,135.53	149.5 %	1,286.33	192.8 %	912.88	153.2 %
Q2 2021	11,109.27	310.5 %	1,367.05	401.7 %	989.49	225.5 %
Q3 2021	11,276.98	59.9 %	935.43	602.3 %	467.94	253.9 %
Q4 2021	13,116.29	62.9 %	1,167.68	45.5 %	670.11	112.3 %
2021	45,638.07	108.7 %	4,756.49	627.0 %	3,040.43	222.0 %
Q1 2022	14,401.62	42.1 %	1,480.26	15.1 %	1,051.21	15.2 %
Q2 2022	18,100.01	62.9 %	2,020.58	47.8 %	1,526.98	54.3 %
Q3 2022	12,644.86	12.1 %	(771.96)	(182.5 %)	(1174.26)	(350.9 %)
Q4 2022	10,805.99	(17.6 %)	(1045.15)	(189.5 %)	(1492.86)	(322.8 %)
2022	55,952.48	22.6 %	1,683.73	(64.6 %)	(88.94)	(102.9 %)
Q1 2023	10,980.50	(23.8 %)	(127.61)	(108.6 %)	(534.63)	(150.9 %)
Q2 2023	10,681.80	(41.0 %)	(202.03)	(110.0 %)	(717.69)	(147.0 %)
Q3 2023	12,647.46	0.0 %	309.97	140.2 %	(254.46)	78.3 %
Q4 2023	10,294.23	(4.7 %)	(558.83)	46.5 %	(822.98)	44.9 %
2023	44,603.99	(20.3 %)	(578.50)	(134.4 %)	(2329.77)	(2,519.6 %)
Q1 2024	7,983.99	(27.3 %)	(505.02)	(295.8 %)	(867.66)	(62.3 %)
Q2 2024	10,010.92	(6.3 %)	(147.40)	27.0 %	(543.65)	24.2 %
Q3 2024	9,772.10	(22.7 %)	(635.74)	(305.1 %)	(917.17)	(260.4 %)
Q4 2024	11,192.54	8.7 %	(86.39)	84.5 %	(344.32)	58.2 %
2024	38,662.14	(13.3 %)	(1671.96)	(189.0 %)	(2672.81)	(14.7 %)
Q1 2025	11,492.91	43.9 %	218.62	143.3 %	(348.54)	59.8 %
Q2 2025	3,947.00	(60.6 %)	(1025.36)	(595.6 %)	(1156.77)	(112.8 %)
Q3 2025	9,195.00	(5.9 %)	(727.21)	(14.4 %)	(932.45)	(1.7 %)
Q4 2025	10,652.54	(4.8 %)	57.57	166.6 %	(188.05)	45.4 %
2025	35,008.49	(9.5 %)	(1755.34)	(5.0 %)	(2625.82)	1.8 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2016	25,146.13	(1.4 %)	1,107.43	275.0 %	122.57	116.1 %
2017	34,211.01	36.0 %	2,696.02	143.4 %	1,652.95	1248.6 %
2018	40,998.19	19.8 %	2,315.04	(14.1 %)	927.42	(43.9 %)
2019	34,061.98	(16.9 %)	1,717.91	(25.8 %)	351.19	(62.1 %)
2020	21,870.20	(35.8 %)	(902.61)	(152.5 %)	(2491.45)	(809.4 %)
2021	45,638.07	108.7 %	4,756.49	627.0 %	3,040.43	222.0 %
2022	55,952.48	22.6 %	1,683.73	(64.6 %)	(88.94)	(102.9 %)
2023	44,603.99	(20.3 %)	(578.50)	(134.4 %)	(2329.77)	(2,519.6 %)
2024	38,662.14	(13.3 %)	(1671.96)	(189.0 %)	(2672.81)	(14.7 %)
2025	35,008.49	(9.5 %)	(1755.34)	(5.0 %)	(2625.82)	1.8 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
Q1 2016	(36.64)	(117.8 %)	(0.03)	-	(36.64)	(0.03)
Q2 2016	101.00	(80.0 %)	0.08	-	101.00	0.08
Q3 2016	(210.55)	54.2 %	(0.17)	-	(210.55)	(0.17)
Q4 2016	180.98	117.9 %	0.14	-	180.98	0.14
2016	34.78	104.6 %	0.03	-	34.78	0.03
Q1 2017	(239.69)	(554.2 %)	(0.19)	-	(239.69)	(0.19)
Q2 2017	315.66	212.6 %	0.25	-	315.66	0.25
Q3 2017	706.47	435.5 %	0.56	-	706.47	0.56
Q4 2017	640.54	253.9 %	0.51	-	640.54	0.51
2017	1,422.98	3991.1 %	1.14	-	1,422.98	1.14
Q1 2018	296.15	223.6 %	0.24	-	296.15	0.24
Q2 2018	234.50	(25.7 %)	0.19	-	234.50	0.19
Q3 2018	243.44	(65.5 %)	0.19	-	243.44	0.19
Q4 2018	(105.53)	(116.5 %)	(0.08)	-	(105.53)	(0.08)
2018	668.56	(53.0 %)	0.53	-	668.56	0.53
Q1 2019	256.84	(13.3 %)	0.21	-	256.84	0.21
Q2 2019	(308.45)	(231.5 %)	(0.25)	-	(308.45)	(0.25)
Q3 2019	394.17	61.9 %	0.32	-	394.17	0.32
Q4 2019	(886.71)	(740.3 %)	(0.71)	-	(886.71)	(0.71)
2019	(544.15)	(181.4 %)	(0.44)	-	(544.15)	(0.44)
Q1 2020	(1796.83)	(799.6 %)	(1.44)	-	(1796.83)	(1.44)
Q2 2020	(1435.09)	(365.3 %)	(1.15)	-	(1435.09)	(1.15)
Q3 2020	(609.80)	(254.7 %)	(0.49)	-	(609.80)	(0.49)
Q4 2020	60.61	106.8 %	0.05	-	60.61	0.05
2020	(3781.13)	(594.9 %)	(3.02)	-	(3781.13)	(3.02)
Q1 2021	649.37	136.1 %	0.52	-	649.37	0.52
Q2 2021	716.94	150.0 %	0.57	-	716.94	0.57
Q3 2021	221.45	136.3 %	0.18	-	221.45	0.18
Q4 2021	448.90	640.6 %	0.36	-	448.90	0.36
2021	2,036.66	153.9 %	1.63	-	2,036.66	1.63
Q1 2022	724.76	11.6 %	0.58	-	724.76	0.58
Q2 2022	1,384.73	93.1 %	1.11	236.25	1,148.48	0.92
Q3 2022	(1413.45)	(738.3 %)	(0.85)	-	(1413.45)	(0.85)
Q4 2022	(1810.92)	(503.4 %)	(1.08)	-	(1810.92)	(1.08)
2022	(1114.88)	(154.7 %)	(0.67)	236.25	(1351.13)	(0.81)
Q1 2023	(964.11)	(233.0 %)	(0.58)	-	(964.11)	(0.58)
Q2 2023	(1196.05)	(186.4 %)	(0.72)	-	(1196.05)	(0.72)
Q3 2023	(1145.08)	19.0 %	(0.69)	(365.70)	(779.38)	(0.47)
Q4 2023	(1387.49)	23.4 %	(0.83)	-	(1387.49)	(0.83)
2023	(4692.73)	(320.9 %)	(2.81)	(365.70)	(4327.03)	(2.59)
Q1 2024	(1365.01)	(41.6 %)	(0.82)	-	(1365.01)	(0.82)
Q2 2024	(1099.80)	8.0 %	(0.66)	-	(1099.80)	(0.66)
Q3 2024	(1300.44)	(13.6 %)	(0.78)	-	(1300.44)	(0.78)
Q4 2024	(779.28)	43.8 %	(0.47)	-	(779.28)	(0.47)
2024	(4544.53)	3.2 %	(2.72)	-	(4544.53)	(2.72)
Q1 2025	(690.84)	49.4 %	(0.38)	-	(690.84)	(0.38)
Q2 2025	(1365.92)	(24.2 %)	(0.76)	40.10	(1406.02)	(0.78)
Q3 2025	(1235.56)	5.0 %	(0.69)	-	(1235.56)	(0.69)
Q4 2025	(606.38)	22.2 %	(0.34)	-	(606.38)	(0.34)
2025	(3898.70)	14.2 %	(2.16)	40.10	(3938.80)	(2.19)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
2016	34.78	104.6 %	0.03	-	34.78	0.03
2017	1,422.98	3991.1 %	1.14	-	1,422.98	1.14
2018	668.56	(53.0 %)	0.53	-	668.56	0.53
2019	(544.15)	(181.4 %)	(0.44)	-	(544.15)	(0.44)
2020	(3781.13)	(594.9 %)	(3.02)	-	(3781.13)	(3.02)
2021	2,036.66	153.9 %	1.63	-	2,036.66	1.63
2022	(1114.88)	(154.7 %)	(0.67)	236.25	(1351.13)	(0.81)
2023	(4692.73)	(320.9 %)	(2.81)	(365.70)	(4327.03)	(2.59)
2024	(4544.53)	3.2 %	(2.72)	-	(4544.53)	(2.72)
2025	(3898.70)	14.2 %	(2.16)	40.10	(3938.80)	(2.19)

Profitability

Period	Gross Margin	Adjusted EBITDA margin	Net Margin Before Unusual Items
Q1 2016	(0.27 %)	5.38 %	(4.39 %)
Q2 2016	(1.94 %)	4.26 %	(6.80 %)
Q3 2016	(0.61 %)	5.96 %	(5.67 %)
Q4 2016	4.40 %	10.11 %	0.14 %
2016	4.40 %	10.11 %	0.14 %
Q1 2017	3.54 %	8.81 %	(0.63 %)
Q2 2017	4.03 %	9.05 %	0.16 %
Q3 2017	7.03 %	11.47 %	2.99 %
Q4 2017	7.88 %	11.97 %	4.16 %
2017	7.88 %	11.97 %	4.16 %
Q1 2018	9.11 %	12.46 %	5.24 %
Q2 2018	8.74 %	11.61 %	4.78 %
Q3 2018	6.97 %	9.69 %	3.36 %
Q4 2018	5.65 %	8.20 %	1.63 %
2018	5.65 %	8.20 %	1.63 %
Q1 2019	5.97 %	8.57 %	1.59 %
Q2 2019	5.25 %	7.92 %	0.23 %
Q3 2019	6.51 %	9.27 %	0.69 %
Q4 2019	5.04 %	8.05 %	(1.60 %)
2019	5.04 %	8.05 %	(1.60 %)
Q1 2020	(1.63 %)	2.47 %	(8.75 %)
Q2 2020	(5.26 %)	1.02 %	(15.94 %)
Q3 2020	(9.07 %)	(1.80 %)	(21.81 %)
Q4 2020	(4.13 %)	3.21 %	(17.29 %)
2020	(4.13 %)	3.21 %	(17.29 %)
Q1 2021	6.33 %	12.28 %	(4.78 %)
Q2 2021	9.88 %	14.42 %	2.25 %
Q3 2021	10.82 %	14.65 %	4.06 %
Q4 2021	10.42 %	13.64 %	4.46 %
2021	10.42 %	13.64 %	4.46 %
Q1 2022	9.92 %	12.60 %	4.23 %
Q2 2022	9.85 %	11.86 %	4.47 %
Q3 2022	6.69 %	8.76 %	1.56 %
Q4 2022	3.01 %	5.27 %	(2.41 %)
2022	3.01 %	5.27 %	(2.41 %)
Q1 2023	0.14 %	2.66 %	(5.79 %)
Q2 2023	(4.76 %)	(1.75 %)	(11.94 %)
Q3 2023	(2.36 %)	0.41 %	(10.53 %)
Q4 2023	(1.30 %)	2.00 %	(9.70 %)
2023	(1.30 %)	2.00 %	(9.70 %)
Q1 2024	(2.30 %)	1.38 %	(11.36 %)
Q2 2024	(2.20 %)	1.78 %	(11.31 %)
Q3 2024	(4.85 %)	0.14 %	(13.54 %)
Q4 2024	(3.53 %)	1.33 %	(11.66 %)
2024	(4.32 %)	1.34 %	(11.75 %)
Q1 2025	(1.53 %)	2.40 %	(9.11 %)
Q2 2025	(4.20 %)	1.01 %	(11.47 %)
Q3 2025	(4.52 %)	0.98 %	(11.48 %)
Q4 2025	(4.18 %)	1.52 %	(11.16 %)
2025	(5.01 %)	1.53 %	(11.25 %)

Period	Gross Margin	Adjusted EBITDA margin	Net Margin Before Unusual Items
2016	4.40 %	10.11 %	0.14 %
2017	7.88 %	11.97 %	4.16 %
2018	5.65 %	8.20 %	1.63 %
2019	5.04 %	8.05 %	(1.60 %)
2020	(4.13 %)	3.21 %	(17.29 %)
2021	10.42 %	13.64 %	4.46 %
2022	3.01 %	5.27 %	(2.41 %)
2023	(1.30 %)	2.00 %	(9.70 %)
2024	(4.32 %)	1.34 %	(11.75 %)
2025	(5.01 %)	1.53 %	(11.25 %)

Period	Gross Margin	Adjusted EBITDA margin	Net Margin Before Unusual Items
Q1 2016	4.48 %	12.20 %	(0.74 %)
Q2 2016	6.33 %	11.18 %	1.59 %
Q3 2016	0.39 %	6.16 %	(3.30 %)
Q4 2016	6.15 %	11.19 %	2.42 %
Q1 2017	0.97 %	6.44 %	(3.58 %)
Q2 2017	7.18 %	11.30 %	3.57 %
Q3 2017	12.05 %	15.56 %	7.73 %
Q4 2017	9.39 %	13.03 %	6.73 %
Q1 2018	7.83 %	10.08 %	3.00 %
Q2 2018	6.18 %	8.40 %	2.18 %
Q3 2018	5.05 %	7.88 %	2.02 %
Q4 2018	3.25 %	6.16 %	(1.26 %)
Q1 2019	9.70 %	12.15 %	3.05 %
Q2 2019	3.22 %	5.63 %	(3.42 %)
Q3 2019	9.96 %	13.22 %	4.51 %
Q4 2019	(3.32 %)	0.69 %	(11.28 %)
Q1 2020	(34.11 %)	(24.25 %)	(44.24 %)
Q2 2020	(16.74 %)	0.46 %	(53.03 %)
Q3 2020	1.89 %	7.49 %	(8.65 %)
Q4 2020	9.97 %	14.25 %	0.75 %
Q1 2021	12.69 %	17.19 %	6.41 %
Q2 2021	12.31 %	16.43 %	6.45 %
Q3 2021	8.30 %	10.91 %	1.96 %
Q4 2021	8.90 %	10.89 %	3.42 %
Q1 2022	10.28 %	12.53 %	5.03 %
Q2 2022	11.16 %	12.63 %	6.35 %
Q3 2022	(6.10 %)	(3.28 %)	(11.18 %)
Q4 2022	(9.67 %)	(6.71 %)	(16.76 %)
Q1 2023	(1.16 %)	2.30 %	(8.78 %)
Q2 2023	(1.89 %)	0.93 %	(11.20 %)
Q3 2023	2.45 %	4.40 %	(6.16 %)
Q4 2023	(5.43 %)	(0.17 %)	(13.48 %)
Q1 2024	(6.33 %)	(0.81 %)	(17.10 %)
Q2 2024	(1.47 %)	2.54 %	(10.99 %)
Q3 2024	(6.51 %)	(1.20 %)	(13.31 %)
Q4 2024	(0.77 %)	3.99 %	(6.96 %)
Q1 2025	1.90 %	3.80 %	(6.01 %)
Q2 2025	(25.98 %)	(10.12 %)	(35.62 %)
Q3 2025	(7.91 %)	(1.47 %)	(13.44 %)
Q4 2025	0.54 %	5.94 %	(5.69 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
Q1 2016	1,250.63	(0.80)	(0.80)	6.57
Q2 2016	1,250.63	(1.12)	(1.12)	6.66
Q3 2016	1,250.63	(0.92)	(0.92)	6.48
Q4 2016	1,250.63	0.03	0.03	6.71
Q1 2017	1,250.63	(0.13)	(0.13)	6.43
Q2 2017	1,250.63	0.04	0.04	6.71
Q3 2017	1,250.63	0.77	0.77	7.34
Q4 2017	1,250.63	1.14	1.14	8.06
Q1 2018	1,250.63	1.57	1.57	8.36
Q2 2018	1,250.63	1.50	1.50	8.26
Q3 2018	1,250.63	1.13	1.13	8.51
Q4 2018	1,250.63	0.53	0.53	8.43
Q1 2019	1,250.63	0.50	0.50	8.68
Q2 2019	1,250.63	0.07	0.07	8.51
Q3 2019	1,250.63	0.19	0.19	8.88
Q4 2019	1,250.63	(0.44)	(0.44)	8.03
Q1 2020	1,250.63	(2.08)	(2.08)	6.59
Q2 2020	1,250.63	(2.98)	(2.98)	5.44
Q3 2020	1,250.63	(3.78)	(3.78)	4.96
Q4 2020	1,250.63	(3.02)	(3.02)	4.96
Q1 2021	1,250.63	(1.07)	(1.07)	5.48
Q2 2021	1,250.63	0.65	0.65	6.07
Q3 2021	1,250.63	1.32	1.32	6.24
Q4 2021	1,250.63	1.63	1.63	6.64
Q1 2022	1,250.63	1.69	1.69	7.25
Q2 2022	1,250.63	2.22	2.03	8.41
Q3 2022	1,671.00	0.69	0.54	10.13
Q4 2022	1,671.00	(0.67)	(0.81)	9.13
Q1 2023	1,671.00	(1.68)	(1.82)	8.55
Q2 2023	1,671.00	(3.22)	(3.22)	7.84
Q3 2023	1,671.00	(3.06)	(2.84)	7.15
Q4 2023	1,671.00	(2.81)	(2.59)	6.31
Q1 2024	1,671.00	(3.05)	(2.83)	5.50
Q2 2024	1,671.00	(2.99)	(2.77)	4.84
Q3 2024	1,671.00	(3.08)	(3.08)	6.33
Q4 2024	1,671.00	(2.72)	(2.72)	5.87
Q1 2025	1,802.59	(2.15)	(2.15)	6.58
Q2 2025	1,802.59	(2.29)	(2.32)	5.76
Q3 2025	1,802.59	(2.26)	(2.28)	5.02
Q4 2025	1,802.59	(2.16)	(2.19)	5.93

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2016	1,250.63	0.03	0.03	6.71
2017	1,250.63	1.14	1.14	8.06
2018	1,250.63	0.53	0.53	8.43
2019	1,250.63	(0.44)	(0.44)	8.03
2020	1,250.63	(3.02)	(3.02)	4.96
2021	1,250.63	1.63	1.63	6.64
2022	1,671.00	(0.67)	(0.81)	9.13
2023	1,671.00	(2.81)	(2.59)	6.31
2024	1,671.00	(2.72)	(2.72)	5.87
2025	1,802.59	(2.16)	(2.19)	5.93

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Recurring P/E	Price/book
Q1 2016	NEG	NEG	1.97
Q2 2016	NEG	NEG	2.14
Q3 2016	NEG	NEG	1.88
Q4 2016	More than 100	More than 100	2.16
Q1 2017	NEG	NEG	2.43
Q2 2017	More than 100	More than 100	2.10
Q3 2017	21.97	21.97	2.31
Q4 2017	17.79	17.79	2.51
Q1 2018	19.52	19.52	3.65
Q2 2018	23.25	23.25	4.23
Q3 2018	25.40	25.40	3.38
Q4 2018	43.94	43.94	2.79
Q1 2019	49.67	49.67	2.88
Q2 2019	More than 100	More than 100	3.01
Q3 2019	More than 100	More than 100	2.75
Q4 2019	NEG	NEG	3.32
Q1 2020	NEG	NEG	2.00
Q2 2020	NEG	NEG	3.04
Q3 2020	NEG	NEG	3.88
Q4 2020	NEG	NEG	3.43
Q1 2021	NEG	NEG	3.79
Q2 2021	44.28	44.28	4.77
Q3 2021	26.15	26.15	5.53
Q4 2021	15.65	15.65	3.84
Q1 2022	20.59	20.59	4.80
Q2 2022	13.49	14.74	3.56
Q3 2022	26.33	33.18	1.78
Q4 2022	NEG	NEG	1.54
Q1 2023	NEG	NEG	1.55
Q2 2023	NEG	NEG	1.93
Q3 2023	NEG	NEG	1.99
Q4 2023	NEG	NEG	2.15
Q1 2024	NEG	NEG	1.80
Q2 2024	NEG	NEG	1.82
Q3 2024	NEG	NEG	1.71
Q4 2024	NEG	NEG	1.85
Q1 2025	NEG	NEG	1.57
Q2 2025	NEG	NEG	1.65
Q3 2025	NEG	NEG	1.93
Q4 2025	NEG	NEG	1.15

Period	P/E	Recurring P/E	Price/book
2016	More than 100	More than 100	2.16
2017	17.79	17.79	2.51
2018	43.94	43.94	2.79
2019	NEG	NEG	3.32
2020	NEG	NEG	3.43
2021	15.65	15.65	3.84
2022	NEG	NEG	1.54
2023	NEG	NEG	2.15
2024	NEG	NEG	1.85
2025	NEG	NEG	1.15

Business Segments (Million)

Compared With The

Period	Refined products	Petrochemical products
Q1 2016	3,949.86	997.40
Q2 2016	4,609.96	1,725.79
Q3 2016	5,036.36	1,339.26
Q4 2016	5,827.73	1,659.77
Q1 2017	5,288.48	1,413.75
Q2 2017	6,781.72	2,062.09
Q3 2017	6,986.55	2,154.77
Q4 2017	7,180.40	2,343.26
Q1 2018	7,525.00	2,331.35
Q2 2018	8,067.19	2,675.62
Q3 2018	9,410.60	2,630.65
Q4 2018	6,444.51	1,913.28
Q1 2019	6,512.69	1,915.32
Q2 2019	7,046.58	1,985.04
Q3 2019	6,930.13	1,811.98
Q4 2019	5,387.40	2,472.84
Q1 2020	2,632.33	1,429.31
Q2 2020	1,726.85	979.54
Q3 2020	4,196.94	2,854.78
Q4 2020	4,657.58	3,392.88
Q1 2021	6,339.68	3,795.84
Q2 2021	6,401.95	4,707.33
Q3 2021	6,925.36	4,351.62
Q4 2021	8,258.98	4,857.30
Q1 2022	10,164.99	4,236.63
Q2 2022	13,303.70	4,796.32
Q3 2022	8,653.58	3,991.28
Q4 2022	8,453.80	2,352.19
Q1 2023	8,710.13	2,270.37
Q2 2023	7,141.51	3,540.30
Q3 2023	9,309.08	3,338.37
Q4 2023	7,092.87	3,201.37
Q1 2024	5,766.51	2,217.48
Q2 2024	7,281.05	2,729.87
Q3 2024	6,765.79	3,006.31
Q4 2024	8,031.03	3,161.51
Q1 2025	8,352.95	3,139.96
Q2 2025	3,059.68	991.63
Q3 2025	7,637.41	1,557.59
Q4 2025	8,022.61	2,629.93

Period	Refined products	Petrochemical products
2016	19,423.91	5,722.22
2017	26,237.14	7,973.87
2018	31,447.30	9,550.89
2019	25,876.80	8,185.18
2020	13,213.70	8,656.50
2021	27,925.98	17,712.09
2022	40,576.07	15,376.42
2023	32,253.59	12,350.41
2024	27,844.38	10,817.76
2025	27,072.64	7,935.85

Financial Ratios

	Current
Market Cap (M Riyal)	23,819.41
Enterprise Value (EV) (M Riyal)	39,976.21
Shares Outstanding ((M))	2,197.36
EPS ( Riyal) (TTM)	(2.16)
Book Value (BV) ( Riyal)	5.93
Par Value ( Riyal)	6.85
Recurring P/E	Neg
P/E (TTM)	NEG
Price/book	1.83
Return on Average Assets (%) (TTM)	(6.56 )
Return on Average Equity (%) (TTM)	(34.15 )
EV/adj EBITDA	74.77
EV/Revenues	1.13

Rabigh Refining and Petrochemical Co. (PETRO RABIGH)

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Petro Rabigh incurs SAR 3.89B loss in 2025, SAR 606M in Q4

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2025 Q4

Financial Ratios

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Rabigh Refining and Petrochemical Co. (PETRO RABIGH)

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Petro Rabigh incurs SAR 3.89B loss in 2025, SAR 606M in Q4

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2025

Revenue by Business Segment (Latest) 2025 Q4

Financial Ratios

Share Price

Rabigh Refining and Petrochemical Co. (PETRO RABIGH)

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Business Segments (Million)