Saudi Basic Industries Corp. swung to a net loss of SR25.78 billion ($6.87 billion) in 2025, as divestment-related charges and weaker petrochemical prices, which turnaround on earnings, although the firm created SR116.53 billion in revenue.
Tadawul filing reported that the loss is in comparison to the net profit of SR1.54 billion last year, and its revenue decreased 1.03 percent compared to 2024.
In a statement, the company explained that the minor drop in revenue was due to decreasing average selling prices of major products, which is partly balanced by improved sales volumes.
The operational profit of the company was SR4.37 billion in 2025, with earnings before interest, tax, depreciation, and amortization amounting to SR17.88 billion.
In a statement, Abdulrahman Al-Fageeh, CEO of SABIC, said, “2025 reflected a moderately improving macroeconomic landscape. Yet, production overcapacity persisted in the petrochemical industry, continuing to squeeze margins and depress utilization rates.”
He stated, “Amid these conditions, SABIC remained focused on meeting its 2025 priorities.”
Al-Fageeh, who will retire as the CEO of SABIC at the end of March, reported that the company recorded a total recordable incident rate of 0.07 percent, the lowest in the history of the company.
He added, “This represents a 22 percent year-over-year improvement in performance across the combined areas of environment, health, safety, and security.”
SABIC stated that the losses from discontinued operations surged by SR20.8 billion compared to the previous year.
This was mainly associated with reporting non-cash loss of SR15.2 billion that was based on the fair value evaluation of the intended departure of petrochemical properties in Europe and thermoplastic engineering companies in the Americas and Europe.
In another Tadawul filing, SABIC announced that the interim cash dividends are allocated by its board and amounted to SR4.5 billion to distribute in the second half of 2025, or SR1.5 per share. The dividend will be distributed on March 31 to the shareholders registered on March 8.
The second-half dividend is based on a SR4.5 billion dividend paid during the prior six months of 2025, resulting in a total of SR9 billion distributed to the company shareholders in the year.
Al-Fageeh said, “We remain committed to delivering value to our shareholders, announcing the distribution of SR9 billion in dividends for the full year of 2025.”
The CEO disclosed that the construction of the SABIC Fujian petrochemical complex was on schedule, with it having reached 95.3 percent completion.
He also indicated that the innovation program of SABIC offered customer-driven solutions with 148 new products being introduced each year in 2025.
He added, “All these achievements helped to strengthen SABIC’s brand value, which surpassed $5 billion for the first time. Having grown 5.4 percent over the year, the SABIC brand is now valued at $5.19 billion.”
SABIC also declared a new CEO, Faisal Mohammed Al-Faqeer, who will succeed Abdulrahman Saleh Al-Fageeh as the new CEO of the company starting April 1, 2026.
The company said in a Tadawul statement, “SABIC Board of Directors extends its sincere thanks and appreciation to Abdulrahman Saleh Al-Fageeh, who has been an instrumental figure in guiding the company through a crucial period of strategic optimization designed to ensure its long-term success and reinforce its role at the forefront of the global petrochemical industry.”
Al-Faqeer is well experienced in the petrochemicals and refining industry. He is now the senior vice president of liquids-to-chemicals at Saudi Aramco.
