Sahara International Petrochemical Company (2310) Q3 2025 earnings summary

Executive summary

• Faced a challenging market environment in Q3 2025, with profitability impacted by market headwinds, one-off adjustments, and significant asset impairments.

• Report covers three and nine months ended 30 September 2025, reviewed by PwC with no material misstatements found.

• Group operates in petrochemicals, industrial gases, and related sectors, with significant international and domestic subsidiaries.

• Continued focus on operational and financial discipline to navigate the prolonged down cycle in chemical markets.

Financial highlights

• Revenue for Q3 2025 was SAR 1.37 billion, down from SAR 1.63 billion in Q3 2024; nine-month revenue was SAR 5.24 billion, slightly down from SAR 5.32 billion year-over-year.

• Reported net loss of SAR 468.7 million for Q3 2025; YTD net loss at SAR 442.6 million.

• EBITDA for Q3 2025 was SAR 23.7 million (1.7% margin); YTD EBITDA SAR 715.8 million.

• Free cash flow remained positive at SAR 275.7 million despite losses.

• Earnings per share at (0.65) SAR for Q3 2025; YTD EPS at (0.61) SAR.

Outlook and guidance

• Global chemical markets are in a prolonged down cycle, with weak demand and global oversupply expected to persist.

• Management expects the decline in selling prices to be short-term, with improvement anticipated over the next twelve months.

• Trade policy uncertainty and rising energy costs are anticipated to continue pressuring margins and operating rates.

• Management will maintain focus on cost optimization and operational excellence.