SABIC (2010) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue was $9.16 billion (SAR 34.33 billion), down 3–3.5% sequentially and 6.9–7% year-over-year, with modest global economic growth of 2.6% and improved business conditions in China and the Eurozone.

• Adjusted net income for Q3 was $0.19 billion (SAR 0.70 billion), up 44.7–45% sequentially but down 39.4% year-over-year; adjusted net income for the nine months was $0.30 billion (SAR 1.11 billion).

• Transformation initiatives delivered $300 million in value year-to-date, with digital transformation advanced via the STAR program and SAP S/4HANA go-live.

• Over 90 new products were introduced, and the low-carbon portfolio expanded with certified products and the first sale of low-carbon methanol.

• Local content spending in Saudi Arabia rose to 56.4%, a 17% year-on-year increase.

Financial highlights

• Adjusted EBITDA for Q3 2025 was $1.31–1.33 billion (SAR 4.99 billion), down 4–4.5% sequentially, with a margin of 14.5%.

• Free cash flow for Q3 was $1.16 billion (SAR 4.34 billion), up 401% sequentially; nine-month free cash flow was $1.03 billion (SAR 3.86 billion), up 80.6% year-over-year.

• Cash flow from operations for the first nine months reached $2.7 billion, up 8% year-over-year.

• CapEx spending reduced by $256 million year-to-date.

• Net cash position as of September 30, 2025, was $0.16 billion (SAR 0.61 billion).

Outlook and guidance

• 2025 capital investment is projected at $3.0–3.5 billion.

• Demand for end product sectors is expected to remain stable next quarter; future momentum depends on monetary policy, geopolitical stability, and global recovery.

• Guidance is based on slow economic growth, with global GDP expected to grow 2.7%.

• Focus remains on operational excellence, transformation, and selective growth.