Yanbu National Petrochemical (2290) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2025 was SAR 2,905.99 million, down from SAR 3,047.23 million year-over-year.

• Net income for the six-month period was SAR 58.22 million, a significant decrease from SAR 324.31 million in the prior year.

• Profitability declined mainly due to increased feedstock prices and a one-time severance package expense.

Financial highlights

• Gross profit for the six months was SAR 339.17 million, down from SAR 560.72 million year-over-year.

• Earnings per share for the six months was SAR 0.10, compared to SAR 0.58 in the prior year.

• Total assets as of 30 June 2025 were SAR 13,656.33 million, down from SAR 14,124.18 million at year-end 2024.

• Cash and cash equivalents at period end were SAR 301.09 million, down from SAR 665.86 million at 30 June 2024.

Outlook and guidance

• The Board approved a cash dividend of SAR 562.5 million (SAR 1.00 per share) for H1 2025, to be distributed in September 2025.