Saudi Basic Industries Corp. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 35.57 | 35.72 | -0.419 | 34.59 | 2.833 |
| Gross Profit (Loss) | 4.42 | 7.19 | -38.525 | 4.81 | -8.108 |
| Operational Profit (Loss) | -1.88 | 2.1 | - | -0.77 | 144.155 |
| Net profit (Loss) | -4.07 | 2.18 | - | -1.21 | 236.363 |
| Total Comprehensive Income | -2.23 | 2.05 | - | -0.25 | 792 |
| All figures are in (Billions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 70.16 | 68.4 | 2.573 |
| Gross Profit (Loss) | 9.22 | 13.06 | -29.402 |
| Operational Profit (Loss) | -2.66 | 3.31 | - |
| Net profit (Loss) | -5.28 | 2.43 | - |
| Total Comprehensive Income | -2.48 | 1.58 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 153.88 | 163.91 | -6.119 |
| Profit (Loss) per Share | -1.76 | 0.81 | |
| All figures are in (Billions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Billions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The company’s revenue remained at similar levels year-over-year amounting to SAR 35.57 billion supported by higher sales volumes, offset by lower average selling prices. In addition to licensing and engineering revenue of SAR 863 million. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The net loss for this quarter reached SAR 4.07 billion as compared to net income of SAR 2.18 billion in the same quarter last year, this is mainly attributed to:
• Impairment charges and provisions, amounting to SAR 3.78 billion, related to cracker closure in Teesside, UK. This action is in line with the company portfolio review to reduce cost and improve profitability.
• Lower results from associates and non-integral joint ventures by SAR 1.02 billion mainly driven by impairment charges in certain financial assets in Europe.
• Increase of SAR 517 million in finance cost driven by fair valuation assessment of derivative equity instruments.
• Zakat expense of SAR 284 million in Q2 2025 compared to positive non-cash benefits of SAR 545 million in Q2 2024. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | In Q2 2025, the company’s revenue increased by 3% quarter-over-quarter amounting to SAR 35.57 billion. The increase is primarily attributed to higher sales volumes, offset by lower average selling prices. in addition to licensing and engineering revenue of SAR 863 million. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The net loss for this quarter reached SAR 4.07 billion as compared to net loss of SAR 1.21 billion in the previous quarter, this is mainly attributed to:
• Impairment charges and provisions, amounting to SAR 3.78 billion, related to cracker closure in Teesside, UK. This action is in line with the company portfolio review to reduce cost and improve profitability.
• Lower results from associates and non-integral joint ventures by SAR 838 million mainly driven by impairment charges in certain financial assets in Europe.
• Increase of SAR 455 million in finance cost mainly driven by fair valuation of derivative equity instruments. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | In first half of 2025, the company’s revenue increased by 3% year-over-year, amounting to SAR 70.16 billion. The increase is primarily attributed to higher sales volumes, offset by lower average selling prices. in addition to licensing and engineering revenue of SAR 863 million. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The net loss for the period reached SAR 5.28 billion compared to net income of SAR 2.43 billion for the same period of the last year, this is mainly attributed to:
• Impact from impairment charges and provisions, amounting to SAR 3.78 billion, related to cracker closure in Teesside plant in UK in Q2 2025. This action is in line with the company portfolio review to reduce cost and improve profitability.
• Impact from strategic restructuring initiative in Q1 2025, amounting to SAR 1.07 billion.
• Lower results from associates and non-integral joint ventures by SAR 1.07 billion mainly driven by impairment charges in certain financial assets in Europe.
• Zakat expense of SAR 694 million in 2025 compared to positive non-cash benefits of SAR 214 million in 2024. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Not Applicable |
| Reclassification of Comparison Items | Certain prior period figures have been re-classified to conform with the current period presentation. |
| Additional Information | SABIC would like to mention the followings:
• Following best practices and to provide a clearer view of its underlying operational performance, SABIC has introduced adjusted financial metrics starting from Q2 2025. These adjusted metrics exclude one-off special items not directly related to the regular course of business in a particular reporting period to provide a more transparent and better comparable reflection of the SABIC business over time.
in Q2 2025, the Group reported an Adjusted EBITDA of SAR 5.22 billion, an increase of 40%, compared to the Adjusted EBITDA of SAR 3.74 billion in Q1 2025. This translates to an Adjusted EBITDA margin of 15% in Q2 2025 and 11% in Q1 2025.
In addition, the adjusted income from operations (EBIT) is SAR 1.94 billion for Q2 2025 compared to SAR 0.49 billion in Q1 2025.
In addition, the adjusted net income is SAR 0.48 billion for Q2 2025 compared to the adjusted net losses of SAR 0.07 billion in Q1 2025.
• The Group has restated its opening balances of “investments in associates and joint ventures” and “equity attributable to equity holders of the Parent” as of January 1, 2024, which resulted in a reduction of both by SAR 475 million. The restatement reflected the restated 2024 financial statements of Power and Water Utilities Company for Jubail and Yanbu (“Marafiq”), an associate of SABIC with a shareholding of 17.5%.
This restatement was recognized by the Group in the consolidated interim statement of financial position and statement of changes in equity and did not impact the consolidated statement of income for the reporting periods in 2024 and 2025. • Attached Q2 2025 earnings release and presentation. |
| Attached Documents |  |
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