Riyadh - Mubasher: Saudi Aramco Base Oil Company (Luberef) registered 16.45% year-on-year (YoY) higher net profits attributable to the shareholders at SAR 257.96 million in the first quarter (Q1) of 2026.
The quarterly profits were compared with SAR 221.50 million, according to the interim financial results.
Likewise, the revenues rose by 1.43% to SAR 2.15 billion in the first three months (3M) of 2026 from SAR 2.12 billion a year earlier.
The earnings per share (EPS) climbed to SAR 1.53 in Q1-26 from SAR 1.32 in Q1-25.
The profits registered in Q1-26 hiked by 134.97% from SAR 109.78 million in Q4-25, while the revenues surged by 37.56% from SAR 1.56 billion.
CEO of Luberef, Samer Abdulaziz Al Hokail, commented: “During Q1-26, Luberef delivered a strong and well-balanced performance, effectively navigating evolving market conditions with confidence, discipline, and strategic focus.”
He noted: “As part of Luberef’s market expansion strategy, the company successfully expanded its footprint into Qatar, Bahrain, and Kuwait, marking a key milestone and reinforcing our presence across the GCC region. This achievement highlights the strength of our commercial capabilities and our ability to unlock growth opportunities within our core markets.”
At the end of December 2025, the group’s net profits fell by 12.01% YoY to SAR 855.31 million from SAR 972.02 million.
