| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Total revenue for the second quarter of 2026 was SAR 20,367 million compared to SAR 3,947 million for the same quarter in 2025. The increase in revenue was mainly due to higher sales volumes and improved selling prices across both refined and petrochemical products. The improvement was supported by favorable market conditions and supply-demand imbalances across global markets during the quarter. In addition, the revenue during the same quarter of last year was significantly lower due to a comprehensive, scheduled periodic maintenance across all operational facilities and production units at the Company’s complex, which lasted approximately 60 days and resulted in lower production and sales volumes. |
| 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 profit for the second quarter of 2026 was SAR 2,661 million compared to a net loss of SAR 1,366 million for the same quarter in 2025, primarily driven by higher plant utilization, increased sales volumes, and improved refined and petrochemical products margins, supported by favorable market conditions and supply-demand imbalances across global markets during the quarter. In addition, lower finance costs in the current quarter contributed positively to net profit, mainly due to the early settlement of certain long-term borrowings, and lower benchmark interest rates. Furthermore, the same quarter last year was impacted by a comprehensive, scheduled periodic maintenance across all operational facilities and production units at the Company’s complex, which lasted approximately 60 days and resulted in lower production and sales volumes. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Total revenue for the second quarter of 2026 was SAR 20,367 million compared to SAR 14,850 million for the first quarter of 2026, primarily due to improved selling prices across refined and petrochemical products, supported by favorable market conditions and supply-demand imbalances across global markets. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit during the second quarter of 2026 was SAR 2,661 million compared to SAR 1,466 million for the first quarter of 2026, primarily due to higher refined and petrochemical products margins. The improvement was mainly attributable to higher product prices, supported by favorable market conditions and supply-demand imbalances across global markets during the quarter. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Total revenue for the first half of 2026 was SAR 35,217 million compared to SAR 15,161 million for the same period in 2025. The increase in revenue was mainly driven by higher sales volumes and improved selling prices across both refined and petrochemical products. The increase was further supported by favorable market conditions and supply-demand imbalances across global markets. In addition, the revenue in same period of the last year was significantly lower mainly due to a comprehensive, scheduled periodic maintenance across all operational facilities and production units at the Company’s complex, which lasted approximately 60 days and resulted in lower production and sales volumes. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit during the first half of 2026 was SAR 4,127 million compared to net loss of SAR 2,057 million for the same period of 2025, primarily driven by higher plant utilization, increased sales volumes, and improved refined product margins, supported by favorable market conditions and supply-demand imbalances across global markets during the period. In addition, lower finance costs during the first half of 2026 contributed positively to net profit, mainly due to the early settlement of certain long-term borrowings, and lower benchmark interest rates. Furthermore, the same period last year was impacted by a comprehensive, scheduled periodic maintenance across all operational facilities and production units at the Company’s complex, which lasted approximately 60 days and resulted in lower production and sales volumes. |
| 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 | The Company has reassessed the presentation of certain expenses which include shipping, handling, insurance, customs and storage charges which are charged back to the Company by its marketers (i.e. its customers). These expenses were previously being presented within selling and marketing expenses and have now been presented net against revenue to comply with the requirements of IFRS 15 – Revenue from contracts with customers. This change to previously reported comparative figures had no impact on the net loss for the three-month and six-month periods ended June 30, 2025 and accumulated losses. |
| Additional Information | Not Applicable |
