| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 24.81 | 30.23 | -17.929 | 26.15 | -5.124 |
| Gross Profit (Loss) | 4.35 | 6.22 | -30.064 | 5.13 | -15.204 |
| Operational Profit (Loss) | 0.71 | 2.67 | -73.408 | 1.45 | -51.034 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -0.83 | -4.07 | -79.606 | 0.01 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -0.42 | -2.23 | -81.165 | -0.27 | 55.555 |
| All figures are in (Billions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 50.96 | 59.49 | -14.338 |
| Gross Profit (Loss) | 9.48 | 11.27 | -15.882 |
| Operational Profit (Loss) | 2.16 | 2.97 | -27.272 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -0.82 | -5.28 | -84.469 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -0.69 | -2.48 | -72.177 |
| Total Shareholders Equity (after Deducting Minority Equity) | 123.53 | 153.88 | -19.723 |
| Profit (Loss) per Share | -0.27 | -1.76 | |
| All figures are in (Billions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Billions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Despite ongoing supply chain and logistical challenges, SABIC delivered revenue of SAR 24.81 billion in Q2 2026. While this was lower than SAR 30.23 billion in Q2 2025, the company continued to benefit from higher average selling prices, which partially offset the impact of lower sales volumes. The revenue demonstrates the company's ability to maintain strong commercial discipline and resilience in a challenging operating environment. |
| 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 net loss attributable to shareholders improved significantly to SAR 833 million in Q2 2026, compared with a net loss of SAR 4.07 billion in Q2 2025. This substantial improvement reflected by: • Lower losses from discontinued operations by SAR 3.79 billion, primarily due to impairment charges and provisions recorded in Q2 2025 relating to the closure of the Teesside cracker in the United Kingdom. • Improved results from associates and non-integral joint ventures, which increased by SAR 732 million, mainly due to impairment charges recognized in an equity investment in Europe during Q2 2025, which were non-cash in nature. • Lower finance costs by SAR 380 million, primarily driven by the impact of fair valuation on derivative equity instruments recorded in Q2 2025, which were non-cash in nature. These positive developments were partially offset by a decline in gross profit of SAR 1.87 billion, mainly resulting from lower revenue. Overall, the quarter reflects meaningful progress in reducing losses and strengthening underlying performance compared with the prior-year period. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Despite ongoing supply chain and logistical challenges, SABIC delivered revenue of SAR 24.81 billion in Q2 2026. While this was lower than SAR 26.15 billion in Q1 2026, the company continued to benefit from higher average selling prices, which partially offset the impact of lower sales volumes. The revenue demonstrates the company's ability to maintain strong commercial discipline and resilience in a challenging operating environment. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Compared with Q1 2026, the company reported a net loss attributable to shareholders of SAR 833 million versus a net profit of SAR 13.2 million in the previous quarter. The change was primarily driven by a reduction in gross profit of SAR 775 million, mainly due to lower revenue. While quarter-on-quarter earnings were impacted by market and supply chain conditions, SABIC continued to generate positive operating performance and maintained profitability at the gross and operating levels. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Despite ongoing supply chain and logistical challenges, SABIC delivered revenue of SAR 50.96 billion in the first half of 2026. While this was lower than SAR 59.49 billion in the same period last year, the company continued to benefit from higher average selling prices, which partially offset the impact of lower sales volumes. The revenue demonstrates the company's ability to maintain strong commercial discipline and resilience in a challenging operating environment. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | For the first half of 2026, the net loss attributable to shareholders improved significantly to SAR 820 million in Q2 2026, compared with a net loss of SAR 5.28 billion in same period of last year. This substantial improvement reflected by: • Lower losses from discontinued operations by SAR 4.06 billion primarily due to impairment charges and provisions recorded in Q2 2025 relating to the closure of the Teesside cracker in the United Kingdom. • The absence of the SAR 1.07 billion non-recurring strategic restructuring expenses recognized in Q1 2025. • Improved contributions from associates and non-integral joint ventures of SAR 810 million, mainly due to impairment charges recognized in an equity investment in Europe during Q2 2025, which were non-cash in nature. These favorable factors were partially offset by lower gross profit of SAR 1.79 billion, driven mainly by lower revenue. The first half results demonstrate a substantial recovery in earnings and a materially improved financial outcome compared with the prior year period, despite continued industry and supply chain challenges. |
| 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) | Not Applicable |
| Reclassification of Comparison Items | Certain prior period figures have been re-classified to conform with the current period presentation. Results of SABIC’s European Petrochemicals business and Engineering Thermoplastics business in the Americas and Europe are reported as discontinued operations and disclosed separately in the consolidated financial statements, in accordance with requirements under IFRS 5 “Non-current Assets Held for Sale and Discontinued Operations”. |
| Additional Information | Following international best practices, SABIC has introduced adjusted financial metrics starting from Q2 2025. These adjusted earnings metrics exclude special items not directly related to the regular course of business in a particular reporting period. The adjusted earnings indicators provide enhanced transparency and better comparability of the underlying operational business performance over time. In Q2 2026, the Group reported an adjusted EBITDA of SAR 3.38 billion, a decrease of 18%, compared to the adjusted EBITDA of SAR 4.15 billion in Q1 2026. This translates to an adjusted EBITDA margin of 13.6% in Q2 2026 as compared to 15.9% in Q1 2026. In Q2 2026, the company generated an adjusted income from operations (EBIT) of SAR 0.41 billion compared to SAR 1.45 billion in Q1 2026. Moreover, the adjusted net loss from continuing operations (SABIC Share) is SAR 0.38 billion for Q2 2026 compared to the adjusted net income of SAR 0.82 billion in Q1 2026. • Attached Q2 2026 earnings release and presentation. |
| Attached Documents | Attached Documents Attached Documents |
