| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Lower revenue is mainly due to the decrease in average selling prices and sales volumes for most of the products |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net loss is primarily attributable to the decrease in average selling prices and sales volumes for most of the products also resulting in share of losses from joint ventures and associates, in addition to impairment of investment amounting to SR 464 million (TANSEE share SR 367 million) in an associate (Tronox Holdings plc.), decrease in finance income and higher zakat charge, despite lower cost of sales and higher other income. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Higher revenue is mainly due to the increase in sales volumes for certain products despite the decrease in average selling prices for most of the products. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Increase in net loss is primarily attributable to the decrease in average selling prices for most of the products also resulting in higher share of losses from joint ventures and associates, in addition to impairment of investment amounting to SR 464 million (TANSEE share SR 367 million) in an associate (Tronox Holdings plc.), increase in cost of sales and net finance costs, despite increase in sales volume for certain products and higher other income. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Lower revenue is mainly due to the decrease in average selling prices for most of the products and decrease in sales volumes for certain products. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Increase in net profit is primarily attributable to the one-off non-cash positive impact of debt restructuring for the Acrylic Complex, decrease in cost of sales and increase in other income, despite impairment of investment amounting to SR 464 million (TANSEE share SR 367 million) in an associate (Tronox Holdings plc.), decrease in average selling prices for most of the products and decrease in sales volumes for certain products also resulting in share of losses from joint ventures and associates, and decrease in finance income. |
| 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) | N/A |
| Reclassification of Comparison Items | Certain corresponding figures for the comparative period have been re-classified in conformity with the current period. |
| Additional Information | - As disclosed under Note 45 in the Group's consolidated financial statements for the year ended 31 December 2024, published on Tadawul on 16 March 2025, the Group acquired one of the joint ventures (Saudi Acrylic Monomers Company "SAMCO"), as part of the acrylic restructuring. Consequently, SAMCO is consolidated in the Group's consolidated financial statements from the acquisition date of 31 December 2024, resulting in variances compared to the corresponding periods of previous year. - During the current period, the Group successfully completed the debt restructuring and rescheduling for the Acrylic Complex, as announced on Tadawul on 19 February 2025. The associated one-off non-cash gain on the debt restructuring amounting to SR 2,029 million (Tasnee share SR 1,061 million), comprising of the difference between the carrying amount of extinguished liability at the restructuring effective date and the fair value of new liability, prepayment and the restructuring fee has been recognized in the interim condensed consolidated statement of profit or loss, as detailed under Note 10 in the Group's interim condensed financial statements for the first quarter of 2025. The new restructured loan will be subsequently measured at amortized cost using effective interest rate (EIR) method, under applicable accounting standards, which will result in incremental non-cash finance costs over the life of the loan (15 years). - During the third quarter, the Company executed a buyback of 2,542,100 shares for a total consideration of SR 25.7 million. The transaction was carried out in compliance with the relevant regulatory requirements and the shareholder’s approval obtained in the General Assembly Meeting held on May 11, 2025. The repurchased shares are classified as treasury shares and presented as a deduction from equity in the Group’s interim condensed consolidated financial statements for the third quarter of 2025, in accordance with the applicable accounting standards. |
