SABIC Reports SAR0.5 Billion Adjusted Net Income in Q2 2025

Riyadh, August 3 (Saudi Arabia Breaking News) – Saudi Basic Industries Corporation (SABIC) reported an adjusted net income of SAR0.5 billion for the second quarter of 2025, compared to an adjusted net loss of SAR0.1 billion in the first quarter, reflecting a quarter-on-quarter increase of SAR555 million, the company announced on Sunday.

SABIC’s revenue rose to SAR35.6 billion in Q2, up from SAR34.6 billion in Q1, marking a 3% increase. Total sales volume also grew by 3%, reaching 11,779 thousand metric tons, compared to 11,477 thousand metric tons in the previous quarter. The rise was attributed to higher sales volumes and the recognition of licensing and engineering services revenue, partially offset by lower average sales prices.

SABIC CEO Abdulrahman Al-Fageeh said the company has begun reporting adjusted financial metrics starting from Q2 2025 to better reflect operational performance and sustainable growth, while ensuring compliance with financial market disclosure standards.

At a press conference in Riyadh, Al-Fageeh highlighted the company’s Environmental, Health, Safety, and Security (EHSS) performance, noting a Health, Safety, and Environment (HSE) rate of 0.07, the company’s lowest in a decade and below the global industry average.

The company’s Board of Directors approved SAR4.5 billion in dividends for the first half of 2025. Al-Fageeh stated that this reflects SABIC’s commitment to maximizing shareholder value, improving return on assets (ROA), and reinforcing financial stability and investor confidence.

As part of its ongoing transformation program, SABIC will continue to review and optimize its portfolio, including the closure of its cracker facility in Teesside, UK, and exploring strategic options for its affiliate Gas, including a potential initial public offering (IPO).

Al-Fageeh also confirmed progress on major growth projects, including the one million metric ton MTBE project at Petrokemya, now more than 95% complete in its Engineering, Procurement, and Construction (EPC) phase, with pilot commissioning scheduled for Q3 2025.

He further noted continued development of the Fujian Petrochemical Complex in China, describing it as a flagship project driving SABIC’s strategic expansion in Asia.