ADVANCED PETROCHEMICAL COMPANY ANNOUNCES ITS ESTIMATED FINANCIAL RESULTS FOR THE PERIOD ENDED ON 31 MARCH 2026 (THREE MONTHS)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,079 | 614 | 75.732 | 1,172 | -7.935 |
| Gross Profit (Loss) | 177 | 107 | 65.42 | 194 | -8.762 |
| Operational Profit (Loss) | 123 | 73 | 68.493 | 128 | -3.906 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 30 | 72 | -58.333 | 1 | 2,900 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 131 | 42 | 211.904 | -50 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 2,993 | 2,915 | 2.675 |
| Profit (Loss) per Share | 0.116 | 0.277 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) 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 reasons of the increase in the net revenues are mainly due to the following: Increase in the sales volume by 94% due to commencement of operations of Advanced Polyolefins Industry Company in Q3 2025. The revenues increased despite the decrease in netback prices by 10%. |
| 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 reasons of the decrease in the net profit are mainly due to the following: Recording of the depreciation, fixed costs and financial charges in the income statement after the commencement of commercial operations of Advanced Polyolefins Industry Company in Q3 2025. The net profit decreased despite the increase in the revenue by 76% and the decrease in propane prices by 14% and the recognition of a gain on disposal of investment in an associate following the execution of the share swap transaction with SK Gas Petrochemical Pte. Ltd. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reasons of the decrease in the net revenues are mainly due to the following: Decrease in the sales volume by 14%. The revenues decreased despite the increase in netback prices by 7%. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reasons of the increase in the net profit are mainly due to the following: Decrease in the financing cost by 11% and SG&A by 19%. The recognition of a gain on disposal of investment in an associate following the execution of the share swap transaction with SK Gas Petrochemical Pte. Ltd. The net profit increased despite the decrease in the revenue by 8% and the increase in propane and propylene prices by 11% & 13% respectively. |
| 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) | These estimated financial results for the period ended on March 31, 2026, have been prepared by the company's management and have not been audited or reviewed by its external auditor. |
| Reclassification of Comparison Items | None |
| Additional Information | The Company has recognized gain on disposal of investment in associate in the current quarter in addition to recycling of foreign currency translation reserve from OCI to income statement as per the prevailing accounting standards. |
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