Sahara International Petrochemical Company (2310) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 was SAR 6.81 billion, down from SAR 7.06 billion in 2024, mainly due to lower sales prices and higher feedstock costs.

• Net loss attributable to equity holders was SAR 860.5 million, compared to a profit of SAR 426.1 million in 2024.

• The year saw significant impairment losses on property, plant, equipment, and investments in equity-accounted investees.

• Dividends of SAR 725.1 million were distributed to shareholders in 2025.

Financial highlights

• Gross profit dropped to SAR 256.7 million from SAR 1.44 billion year-over-year.

• Operating loss was SAR 528.3 million, compared to an operating profit of SAR 682.9 million in 2024.

• Basic and diluted loss per share were SAR (1.19) and SAR (1.17), respectively, versus earnings per share of SAR 0.59 and SAR 0.58 in 2024.

• Cash and cash equivalents increased to SAR 1.34 billion from SAR 958 million.

• Total assets decreased to SAR 20.32 billion from SAR 21.08 billion.

Outlook and guidance

• Management expects the decline in sales prices to be short-term, with improvement anticipated in the next twelve months.

• No adjustments were made for post-year-end geopolitical events, but management notes ongoing uncertainty in the region.