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Sadara Basic Services Company announces the Annual Financial Results of its parent Company, Sadara Chemical Company for the year ending on 31-12-2025
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 9,871,913 | 11,585,820 | -14.79 | ||
| Gross Profit (Loss) | -2,555,693 | -1,035,203 | 146.88 | ||
| Operational Profit (Loss) | -2,869,178 | -1,509,509 | 90.07 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -5,793,909 | -4,154,731 | 39.45 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -6,119,315 | -4,085,416 | 49.78 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | -8,181,726 | -2,062,411 | 296.71 | ||
| Profit (Loss) per Share | -1.63 | -1.17 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | -44,212,631 | 124 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | Revenues for the year 2025 declined primarily due to a reduction in sales volumes, which resulted from unplanned operational events and extended maintenance activities that temporarily impacted production availability. In addition, the Company experienced lower average selling prices across certain portfolio lines, which further contributed to the overall decrease in revenue. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net profit for 2025 decreased compared to the previous year primarily due to lower sales volumes, margin compression, and higher fixed costs associated with unplanned operational events and extended maintenance activities. In addition, the net loss for 2025 increased compared to 2024, mainly due to an accounting adjustment related to a debt modification that had a favorable impact on the prior year’s results. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | N/A |
| Reclassification of Comparison Items | N/A |
| 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 5.65 billion for the year ended 31 December 2025 (2024: net loss of SAR ‎‎4.01 billion). and the Company’s accumulated losses exceeded 100% of its share capital as of that date. The ‎Group management, based on Sadara Chemical Company’s approved business plan and the assumptions therein, believes that the Group will ‎have sufficient funds available to meet its obligations as they become due within the 12-month period from the date of ‎approval of these consolidated financial statements. The business plan assumes that a form of shareholder support will be available. Accordingly, the consolidated financial statements have been prepared on a going concern basis. The Company has complied with all legal requirements arising from its accumulated losses exceeding 50% of its share capital, including convening the General Assembly on March 16th 2026, during which the shareholders resolved to continue the Company with the taking of the necessary measures to address such losses as may be 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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