Saudi Basic Industries Corp. — Earnings Release 2026

Apr 29, 2026

Saudi Basic Industries Corporation announces its Interim Financial Results For the Period Ending on 31-03-2026 (Three Months)

2010 · 29/04/2026 08:00:26 · Announcement #94747 · View on Saudi Exchange

Saudi Basic Industries Corporation announces its Interim Financial Results For the Period Ending on 31-03-2026 (Three Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	26.15	29.27	-10.659	27.95	-6.44
Gross Profit (Loss)	5.13	5.04	1.785	3.87	32.558
Operational Profit (Loss)	1.45	0.3	383.333	-0.88	-
Net Profit (Loss) Attributable to Shareholders of the Issuer	0.01	-1.21	-	-20.94	-
Total Comprehensive Income Attributable to Shareholders of the Issuer	-0.27	-0.25	8	-20.7	-98.695
All figures are in (Billions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	123.95	156.11	-20.6
Profit (Loss) per Share	0.004	-0.4
All figures are in (Billions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Billions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The company’s revenue decreased by 11% year-over-year to SAR 26.15 billion. The decrease is primarily attributed to the decrease in the sales volume and lower average selling prices.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	In Q1 2026 the company recorded a net income of SAR 13.2 million, compared to a net loss of SAR 1.21 billion in Q1 2025, which was primarily attributed to:

• Decrease in other operating expenses by SAR 1.05 billion due to non-recurring cost resulted from the strategic restructuring initiative launched in Q1 2025.

• Lower General & Administrative and Research & Development costs of SAR 384 million, benefiting from the continuous effort of cost control and restructuring initiatives.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The company’s revenue decreased by 6% quarter-over-quarter to SAR 26.15 billion. The decrease is primarily attributed to the decrease in the sales volume, partially offset by higher average selling prices.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The net income for Q1 2026 is SAR 13.2 million , compared to a net loss of SAR 20.94 billion for Q4 2025, which was primarily attributed to the following factors:

• Non- cash losses of 17.3 billion were recorded in previous quarter resulted from asset impairments and valuation adjustments of deferred tax assets triggered by the decision to divest the European Petrochemicals business and Engineering Thermoplastics business in the Americas and Europe (subject to announced conditions) as part of the company’s efforts on portfolio optimization program.

• Lower finance costs in this quarter by SAR 1.57 billion driven by fair valuation of derivative equity instruments recorded in Q4 2025.

• Higher gross profit of SAR 1.26 billion primarily due to Q4’25 impairment impact. In addition to improved margins in this quarter as a result of higher average selling prices partially offset by lower sales volume and higher feedstock prices.

• Higher results from associates and non-integral joint ventures in this quarter by SAR 1.17 billion mainly due to Q4 2025 impairment impacts, in addition to lower losses recorded for those investments.Statement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) Not ApplicableReclassification of Comparison Items Certain prior period figures have been re-classified to conform with the current period presentation.

Results of SABIC’s European Petrochemicals business and Engineering Thermoplastics business in the Americas and Europe are reported as discontinued operations and disclosed separately in the consolidated financial statements, in accordance with requirements under IFRS 5 “Non-current Assets Held for Sale and Discontinued Operations”.Additional Information SABIC would like to mention the followings:

• Following international best practices, SABIC has introduced adjusted financial metrics. These adjusted earnings metrics exclude special items not directly related to the regular course of business in a particular reporting period. The adjusted earnings indicators provide enhanced transparency and better comparability of the underlying operational business performance over time.

In Q1 2026, the Group reported an adjusted EBITDA of SAR 4.15 billion, an increase of 25%, compared to the adjusted EBITDA of SAR 3.31 billion in Q4 2025. This translates to an adjusted EBITDA margin of 15.9% in Q1 2026 compared to 11.9% in Q4 2025.

In Q1 2026, the company generated an adjusted income from operations (EBIT) of SAR 1.45 billion compared to SAR 0.45 billion in Q4 2025.

Moreover, the adjusted net income from continuing operations (SABIC Share) is SAR 0.82 billion for Q1 2026 compared to the adjusted net loss of SAR 1.40 billion in Q4 2025.

• Attached Q1 2026 earnings release and presentation.Attached Documents     

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