By: ICN Bureau
Last updated : August 04, 2025 8:18 am
The chemical maker reported a net loss of about SAR 4.1 billion, compared with a loss of SAR 1.2 billion in the prior period
Saudi Basic Industries Corp. (SABIC), a global leader in chemicals, today announced its financial results for the second quarter of 2025, with an adjusted net income of SAR 0.5 billion compared to an adjusted net loss of SAR 0.1 billion in the previous quarter, an increase of SAR 555 million compared to the previous quarter.
The chemical maker reported a net loss of about SAR 4.1 billion, compared with a loss of SAR 1.2 billion in the prior period.
The company's revenue in the second quarter was SAR 35.6 billion, compared to SAR 34.6 billion in the first quarter, an increase of 3%. Total sales volume in the second quarter was 11,779 thousand metric tons, compared to 11,477 thousand metric tons in the first quarter, an increase of 3% due to higher sales volumes, offset by lower average sales prices, together with recognizing licensing and engineering services revenue.
Commenting on the results, Abdulrahman Al-Fageeh, SABIC CEO, said that as of the second quarter of 2025, SABIC has adopted adjusted financial metrics, which exclude non-operational and one-off incidents, to reflect the true operational performance and organic and sustainable growth, while maintaining full compliance with disclosure requirements of the financial market.
"The Board of Directors has approved the distribution of SAR 4.5 billion in dividends for the first half of this year, which underscores SABIC's commitment to maximize shareholders’ value and ROA, and enhance SABIC's competitive position and investor confidence, while maintaining sufficient resources to achieve financial stability and future strategic growth," Al-Fageeh said.
He noted that SABIC will continue to regularly review and optimize its portfolio as part of its transformation program. This includes the closure of its cracker in Teesside, UK, as well as initiation of several strategic options for its affiliate Gas, including a potential IPO. This comes in line with SABIC's priorities to improve focus on its core business to achieve sustainable growth, strengthen its financial position.
"In line with SABIC’s growth ambitions, the one million metric ton capacity MTBE project at our Petrokemya affiliate is progressing well, according to planned cost and schedule. The Engineering, Procurement, and Construction (EPC) phase is more than 95% complete and pilot commissioning will occur during Q3 2025,” he added.