Riyadh - Mubasher: Saudi Basic Industries Corporation (SABIC) shifted to net losses worth SAR 5.28 billion during the first half (H1) of 2025, versus a net profit of SAR 2.43 billion as of 30 June 2024.
Revenues hit SAR 70.16 billion in H1-25, up 2.57% year-on-year (YoY) from SAR 68.40 billion, according to the financial results.
Loss per share reached SAR 1.76 in the first six months (6M) of 2025, versus earnings per share (EPS) of SAR 0.81 in H1-24.
Financials for Q2
In the second quarter (Q2) of 2025, the group turned to net losses valued at SAR 4.07 billion, compared to earnings of SAR 2.18 billion in Q2-24.
The sales edged down by 0.41% YoY to SAR 35.57 billion in April-June 2025 from SAR 35.72 billion.
Quarterly, the Q2-25 net losses enlarged by 236.36%from SAR 1.20 billion in Q1-25, while the revenues increased by 2.83% from SAR 34.59 billion.
Abdulrahman Al Fageeh, CEO of SABIC, commented: “The global GDP growth rate reached 2.5% in Q2 2025. As a result of excess production capacity, operating rates remain below the historical global average, leading to margin pressure due to oversupply. The manufacturing Purchasing Managers’ Index (PMI) remains below 50 for the quarter.”
“Amid these challenging conditions, SABIC continued to show resilience. Our adjusted EBITDA reached SAR 5.22 billion [$1.39 billion], reflecting stability despite ongoing uncertainties. We remain focused on operational excellence and safety, maintaining a best-in-class Total Recordable Incident Rate (TRIR) of 0.07,” he added.
Dividends
The board members decided to distribute interim cash dividends worth SAR 4.50 billion for H1-25.
Hence, the group will pay out SAR 1.50 per share for 3 billion eligible shares on 9 September.
