Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

SABIC net loss $322 million

Revenues increased by 5.8 percent.
  • Losses were driven by a SAR 1.05 billion drop in gross profit on higher feedstock prices.
  • On a sequential basis, net loss shrank from SAR 1.89 billion in Q4 2024.

Riyadh, Saudi Arabia — Saudi Basic Industries Corp. (SABIC) has posted a net loss of $322 million in the first quarter of 2025 versus a net profit of SAR 250 million in Q1 2024.

Losses were driven by a SAR 1.05 billion drop in gross profit on higher feedstock prices. In addition, other operating expenses increased mainly due to a non-recurring cost of SAR 1.07 billion related to a strategic restructuring initiative, Argaam reported.

On the positive note, revenue increased by 6 percent year-on-year (YoY) to SAR 34.59 billion, primarily on higher sales volumes, but partially offset by lower average selling prices.

On a sequential basis, net loss shrank from SAR 1.89 billion in Q4 2024.$322

Total shareholders’ equity, after minority interest, stood at SAR 156.11 billion as of March 31, 2025, compared to SAR 166.48 billion a year earlier.