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Sadara Basic Services Company announces the Interim Financial Results of its parent Company, Sadara Chemical Company for the period ending on 30-09-2025 (Nine months)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 2,308,7812,836,504-18.6042,598,866-11.161
Gross Profit (Loss) -775,860-256,693202.252-593,32630.764
Operational Profit (Loss) -857,216-324,236164.38-527,09862.629
Net profit (Loss) -1,558,341-882,89676.503-1,203,19029.517
Total Comprehensive Income -1,592,965-1,230,09029.499-1,312,65221.354
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 7,391,7718,891,085-16.863
Gross Profit (Loss) -1,845,758-566,983225.54
Operational Profit (Loss) -1,978,100-872,954126.598
Net profit (Loss) -4,030,658-2,814,76543.196
Total Comprehensive Income -4,341,083-3,107,20939.71
Total Shareholders Equity (after Deducting Minority Equity) -6,507,676-1,176,205453.277
Profit (Loss) per Share -1.16-0.82
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
Accumulated Losses -42,553,562119.45
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason for the decrease in sales/revenue compared to same quarter last year is mainly driven by lower sales volume by 15% due to a site unplanned event, and lower sales prices by 3%.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for the increase in net loss compared to the same quarter of last year is driven by lower sales, partially offset by lower feedstock consumption and feedstock prices.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the decrease in the sales/revenue compared to previous quarter is mainly driven by lower sales volume by 15% due to a site unplanned event, partially offset by higher sales prices by 4%.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the increase in net loss compared to the previous quarter is driven by lower sales, partially offset by lower feedstock consumption and feedstock prices.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The reason for the decrease in the sales/revenue compared to same period last year is mainly driven by lower sales volume by 9% due to a site unplanned event, and lower sales prices by 8%.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason for the increase in net loss compared to the same period of last year, is driven by lower sales, partially offset by lower feedstock consumption and feedstock prices, other income arising from feedstock contractual reconciliation , as well as lower interest expenses .
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NA
Reclassification of Comparison Items NA
Additional Information There are no significant financial details for the listed company, Sadara Basic Services Company, which was established primarily for the purpose of issuing the Sukuk. Sadara Basic Services Company will not incur any liabilities or undertake any significant transactions other than those relating to Sukuk issuance. Therefore, this announcement reflects the financial results of the parent company, Sadara Chemical Company.

The Group has a net loss of SAR 4.03 billion for the nine-month period ending 30 September 2025, and the Company’s accumulated losses exceeded 100% of its share capital as of that date. The ‎Group management, based on the Company’s approved business plan, believes that the Group will ‎have available sufficient funds to meet its obligations as they become due within the 12-month period from the date of ‎approval of these condensed-consolidated interim financial statements.

The business plan includes continued Shareholders’ support, including existing Shareholders’ revolving credit facilities.

Accordingly, the condensed consolidated interim financial ‎statements have been prepared on a going concern basis, and the Company has complied with all legal requirements arising from the Company’s losses exceeding 50% of its share capital including convening the general assembly meeting on 27 February 2025 and resolving to continue the Company with the taking of necessary measures to remedy such losses as agreed between the shareholders.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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