SABIC Agri-Nutrients Company (2020) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached SAR 3,073.9 million, up from SAR 2,517.5 million year-over-year.

• Net income attributable to shareholders was SAR 984.6 million, compared to SAR 840.9 million in Q1 2024.

• Performance benefited from higher net profit prices, partially offset by increased feedstock costs from Aramco, adding SAR 56.9 million to COGS.

• A one-time end-of-service benefit of SAR 74.7 million was recognized as part of a workforce efficiency initiative.

• No material subsequent events after March 31, 2025.

Financial highlights

• Gross profit for Q1 2025 was SAR 1,007.2 million, up from SAR 988.3 million year-over-year.

• Operating income reached SAR 856.5 million, compared to SAR 729.9 million in Q1 2024.

• Basic and diluted EPS stood at SAR 2.07, up from SAR 1.77 in Q1 2024.

• Total assets as of March 31, 2025 were SAR 25,518.6 million, up from SAR 24,936.7 million at year-end 2024.

• Cash and equivalents at period end were SAR 1,770.3 million.

Outlook and guidance

• Management notes that Q1 results may not be indicative of full-year performance.

• All remaining performance obligations as of March 31, 2025 are expected to be satisfied in the next period.