Sahara International Petrochemical Company (2310) Q1 2026 earnings summary

Executive summary

• Report covers the three-month period ended 31 March 2026, reviewed by PwC with no material misstatements found.

• Group operates in petrochemicals, industrial gases, metal equipment, utilities, and marketing, with significant subsidiaries and joint ventures.

Financial highlights

• Revenue for Q1 2026 was SAR 1,227.1 million, down from SAR 1,969.8 million in Q1 2025.

• Net loss attributable to equity holders was SAR 215.3 million, compared to a profit of SAR 195.3 million in Q1 2025.

• Gross profit dropped to SAR 78.0 million from SAR 159.5 million year-over-year.

• Basic and diluted loss per share were SAR (0.30) and SAR (0.29), versus earnings per share of SAR 0.27 in Q1 2025.

• Cash and cash equivalents increased to SAR 2,350.7 million from SAR 1,338.7 million at year-end 2025.

Outlook and guidance

• Management is actively monitoring geopolitical tensions in the Middle East, which may impact operations, logistics, and market conditions.

• No subsequent events after 31 March 2026 that would impact the financial statements.