Sabic, a global leader in chemicals, has announced its financial results for the second quarter of 2025, with an adjusted net income of SAR0.5 billion ($133 million) compared to an adjusted net loss of SAR0.1 billion in the previous quarter, an increase of SAR555 million compared to the previous quarter.

 

The company's revenue in the second quarter was SAR35.6 billion, compared to SAR34.6 billion in the first quarter, an increase of 3 per cent.

 

Total sales volume in the second quarter was 11,779 thousand metric tonnes, compared to 11,477 thousand metric tonnes in the first quarter, an increase of 3 per cent due to higher sales volumes, offset by lower average sales prices, together with recognising licensing and engineering services revenue.

 

Abdulrahman Al-Fageeh, Sabic CEO, said that as of the second quarter of 2025, Sabic has adopted adjusted financial metrics, which exclude non-operational and one-off incidents, to reflect the true operational performance and organic and sustainable growth, while maintaining full compliance with disclosure requirements of the financial market.

 

The CEO praised the Sabic’s EHSS performance, pointing out that the company has achieved HSE rate of 0.07 during the first half of this year, lower than petrochemical peers globally, and its lowest over the past 10 years.

 

The announcement of Sabic's Q2 financial results and performance was at a press conference held at its headquarters in Riyadh, where Al-Fageeh spoke about the latest developments related to the company's operations and activities.

 

 "The Board of Directors has approved the distribution of SAR4.5 billion in dividends for the first half of this year, which underscores Sabic's commitment to maximise shareholders’ value and ROA, and enhance Sabic's competitive position and investor confidence, while maintaining sufficient resources to achieve financial stability and future strategic growth," he said.

 

The CEO noted that Sabic will continue to regularly review and optimise its portfolio as part of its transformation programme.

 

This includes the closure of its cracker in Teesside, UK, as well as initiation of several strategic options for its affiliate Gas, including a potential IPO.

 

This comes in line with Sabic's priorities to improve focus on its core business to achieve sustainable growth, strengthen its financial position.

 

"In line with Sabic’s growth ambitions, the one million metric tonne capacity MTBE project at our Petrokemya affiliate is progressing well, according to planned cost and schedule. The Engineering, Procurement, and Construction (EPC) phase is more than 95 per cent complete and pilot commissioning will occur during Q3 2025,” he added.

 

Al-Fageeh also stressed that Sabic continues to make progress as planned on its Fujian Petrochemical Complex in China project – a flagship project that is driving the company's strategic expansion in Asia.-OGN / TradeArabia News Service