Saudi Aramco Reports Strong 2025 Earnings With Net Income of $104.7 Billion

Riyadh, March 10, 2026 (Saudi Arabia Breaking News) — Saudi Aramco reported strong financial results for 2025, with net income reaching 392.5 billion riyals ($104.7 billion), according to results announced Tuesday.

The company said net income for the fourth quarter stood at 94.0 billion riyals, while cash flow from operating activities reached 510.8 billion riyals for the full year and 153.2 billion riyals in the fourth quarter.

Free cash flow totaled 320.4 billion riyals in 2025, including 103.0 billion riyals in the fourth quarter. The company said its gearing ratio stood at 3.8% as of December 31, 2025, compared with 4.5% at the end of 2024.

Aramco reported capital investment of 195.9 billion riyals in 2025, in line with its guidance range and down 3.8 billion riyals year-on-year. The company said capital expenditure for 2026 is expected to range between 187.5 billion and 206.3 billion riyals.

Total shareholder distributions reached 320.4 billion riyals in 2025, while the board announced base dividends for the fourth quarter of 82.08 billion riyals, representing a 3.5% year-on-year increase, with payment scheduled for the first quarter of 2026. The company also announced a share buyback program of up to 11.3 billion riyals over 18 months.

Aramco said it continues to advance plans to increase sales gas production capacity by around 80% by 2030, compared with 2021 levels, with production starting at the Jafurah field and operational work beginning at the Tanajib gas plant. The company also reported progress in crude oil capacity expansion projects at the Marjan field and Berri field, aimed at strengthening flexibility and responding to changing market conditions.

The company said plans to acquire a significant minority stake in Humain are moving forward, aimed at capturing new value in the field of artificial intelligence. Aramco added that technology solutions, including AI and digital tools, generated 19.9 billion riyals in value in 2025, bringing total value created from technology initiatives to 42.4 billion riyals since 2023.

Aramco also said its IKTVA localization program achieved 70% local procurement in 2025, with a target of reaching 75% by 2030 to strengthen supply chain resilience.

Chief Executive Officer Amin H. Nasser said the company delivered strong growth and cash flows in 2025 despite price volatility in global markets.

Nasser said disciplined capital management, low-cost operations and reliable production supported the company’s strong financial performance, enabling a 3.5% increase in base dividends and reinforcing the focus on sustainable and growing returns for shareholders.

He added that Aramco continues to leverage advanced technologies, including artificial intelligence, to enhance efficiency and generate additional value across its operations while maintaining a strong safety record.

The company said expansion of its gas network remains on schedule to meet growing domestic demand and supply high-value liquids, adding that the momentum of its projects positions Aramco for continued growth in operating cash flow and strengthens its position as a global energy leader.