SABIC (2010) Q4 2025 earnings summary

Executive summary

• Revenue reached $31.07Bn (SAR 116.53Bn) in 2025, with 3% higher sales volumes despite a 4% decline in prices; revenue declined 1% year-over-year due to lower average selling prices.

• Adjusted EBITDA was $4.77Bn (SAR 17.88Bn), down 15% from 2024, with a margin of 15.3%.

• Adjusted net income was $552Mn (SAR 2.07Bn), while reported net income was a loss of $6.9Bn (SAR -25.78Bn) due to special items and portfolio restructuring.

• Announced $2.4Bn (SAR 9.0Bn) in dividends for 2025, reinforcing a strong commitment to shareholder returns.

• Major portfolio optimization actions included divestment agreements for European Petrochemicals and ETP businesses in the Americas and Europe.

Financial highlights

• Adjusted EBITDA fell 15% to $4.77Bn (SAR 17.88Bn); reported EBITDA was $4.38Bn.

• Free cash flow increased 17% to $1.92Bn (SAR 7.2Bn), driven by optimized working capital and reduced CAPEX.

• Net debt stood at -$0.96Bn, and net cash position increased to SAR 3.6Bn.

• EBITDA margin was 14.1%; adjusted EBITDA margin fell to 15.3% from 17.8% in 2024.

• Total cash generation, including portfolio optimization proceeds, reached SAR 13.99Bn.

Outlook and guidance

• 2026 global GDP growth projected at 2.9%.

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

• Capital investment planned at $3.5–4Bn for 2026.