SABIC (2010) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue was $9.16 billion, down 3% sequentially and 7% year-over-year, with modest global economic growth of 2.6% and improved business conditions.

• Adjusted EBITDA was $1.33 billion, with a margin of 14.5%, and adjusted net income rose 45% quarter-on-quarter but fell 39% year-over-year.

• Transformation initiatives delivered $300 million in value year-to-date, advancing digital operations and the STAR program on SAP S/4HANA.

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

• Major projects advanced, including the MTBE project in Saudi Arabia (mechanical completion and early operation) and 87% completion of the Fujian complex in China.

Financial highlights

• Q3 2025 revenue was $9.16 billion, down 3% sequentially and 7% year-over-year.

• Adjusted EBITDA was $1.33 billion, down 4.5% sequentially and 10.3% year-over-year, with a margin of 14.5%.

• Adjusted net income for Q3 was $0.19 billion, up 44.7% sequentially but down 39.4% year-over-year.

• Free cash flow surged to $1.16 billion in Q3, with a nine-month total of $1.03 billion, up 80.6% year-over-year.

• Net cash position remained strong at $0.16 billion as of September 30, 2025.

Outlook and guidance

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

• Focus remains on operational excellence, transformation, selective growth, and long-term value creation.

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