Saudi Basic Industries Corp. (SABIC), a worldwide leader in chemicals, today declared its financial results for the second quarter of 2025, with an adjusted net income of SAR 0.5 billion as compared to an adjusted net loss of SAR 0.1 billion within the previous quarter, a rise of SAR 555 million as compared to the preceding quarter.
The chemical maker mentioned a net loss of approximately SAR 4.1 billion, in comparison with a loss of SAR 1.2 billion within the earlier duration.
The corporation’s sales within the second quarter was SAR 35.6 billion, compared to SAR 34.6 billion within the first quarter, a rise of 3%. Total sales volume in the second quarter was 11,779 thousand metric tons, compared to 11,477 thousand metric tons within the first quarter, a rise of 3% because of better sales volumes, counter by decrease average sales cost, collectively with recognizing licensing and engineering services revenue.
Commenting on the effects, Abdulrahman Al-Fageeh, SABIC CEO, said that as of the second quarter of 2025, SABIC has embraced adjusted financial metrics, which prevent non-operational and one-off incidents, to reflect the true operational overall performance and organic and sustainable development, whilst keeping complete compliance with disclosure necessities of the financial marketplace.
“The Board of Directors has accepted the distribution of SAR 4.5 billion in dividends for the first half of this year, which underscores SABIC’s commitment to increase shareholders’ value and ROA, and improve SABIC’s aggressive position and investor self belief, whilst keeping sufficient resources to gain financial stability and future strategic growth,” Al-Fageeh said.
He noted that SABIC will keep to often regular evaluation and optimize its portfolio as part of its transformation program. This involves the closure of its cracker in Teesside, UK, in addition to initiation of numerous strategic alternatives for its affiliate Gas, inclusive of a ability IPO. This comes consistent with SABIC’s priorities to enhance focus on its core business to gain sustainable development, strengthen its financial position.
“In line with SABIC’s growth targets, the one million metric ton capacity MTBE venture at our Petrokemya affiliate is progressing well, in step with planned cost and schedule. The Engineering, Procurement, and Construction (EPC) phase is more than 95% finish and pilot commissioning will occur for the duration of Q3 2025,” he introduced.
