SABIC Agri-Nutrients Company (2020) investor relations material

Executive summary

• Revenue for Q1 2026 was SAR 2.87 billion, down 6.5% year-over-year, while net income rose 25% to SAR 1.26 billion compared to Q1 2025.

• Gross profit increased to SAR 1.37 billion, with a higher gross margin due to lower cost of sales.

• Basic and diluted EPS rose to SAR 2.58 from SAR 2.07 year-over-year.

• The company received approval to build a new ammonia and urea plant, expanding urea capacity by 54%.

Financial highlights

• Operating income for Q1 2026 was SAR 1.17 billion, up 36% year-over-year.

• Cash and cash equivalents at period end were SAR 3.32 billion, up from SAR 1.77 billion a year earlier.

• Net cash from operating activities was SAR 688 million, down from SAR 737 million in Q1 2025.

• Dividends of SAR 1.67 billion were distributed to shareholders for H2 2025.

Outlook and guidance

• The company expects continued volatility due to Middle East geopolitical risks, with potential impacts from transport disruptions and feedstock supply instability.

• The new plant in Jubail is expected to significantly boost production capacity in coming years.