Sahara International Petrochemical Company (2310) Q2 2026 earnings summary

Executive summary

• Report covers the three and six-month periods ended 30 June 2026, reviewed by PwC with no material misstatements identified.

• The Group faced significant operational challenges due to escalating Middle East geopolitical tensions, impacting logistics, plant utilization, and costs.

Financial highlights

• Revenue for H1 2026 was SAR 2,088 million, down from SAR 3,876 million year-over-year.

• Net loss for H1 2026 was SAR 807 million, compared to a net profit of SAR 26 million in H1 2025.

• Gross profit for H1 2026 was SAR 52 million, sharply lower than SAR 453 million in H1 2025.

• Basic and diluted loss per share for H1 2026 was SAR (1.11), versus earnings per share of SAR 0.04 in H1 2025.

• Cash and cash equivalents increased to SAR 2,471 million as of 30 June 2026, up from SAR 1,339 million at year-end 2025.

Outlook and guidance

• Management continues to monitor geopolitical risks and adapt operations, including alternate trade routes and cost optimization.

• No interim dividend was declared for H1 2026, compared to SAR 362.6 million distributed in H1 2025.