| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,780,789 | 2,484,124 | -28.313 | 2,480,142 | -28.198 |
| Gross Profit (Loss) | -751,666 | -476,572 | 57.723 | -709,935 | 5.878 |
| Operational Profit (Loss) | -878,438 | -593,786 | 47.938 | -891,078 | -1.418 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -1,621,069 | -1,290,605 | 25.605 | -1,659,069 | -2.29 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -1,593,095 | -1,456,944 | 9.344 | -1,674,050 | -4.835 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | -9,774,821 | -3,519,355 | 177.744 |
| Profit (Loss) per Share | -0.44 | -0.36 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | -45,833,700 | 128.66 | |
| All figures are in (Thousands) 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 | Revenues for Q1 2026 declined compared to same quarter of last year primarily due to a reduction in sales volumes, which resulted from unplanned operational events and extended maintenance activities that temporarily impacted availability of finished products. In addition, the Company experienced lower average selling prices across different product portfolios, further contributing to the overall revenue decline. |
| 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 Q1 2026 decreased compared to the same quarter of last year primarily due to lower sales volumes, declining sales prices, and higher fixed costs associated with unplanned operational events and extended maintenance activities. Additionally, an unfavorable impact from an accounting adjustment related to debt modification further increased the losses in Q1 2026. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues for Q1 2026 declined compared to the previous quarter, primarily due to a reduction in sales volumes resulting from unplanned operational events and extended maintenance activities that temporarily impacted finished product availability. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Despite lower revenues in Q1 2026 compared to the previous quarter, net profit increased due to lower fixed costs and a favorable impact from other gain/(loss) items, primarily related to precious metals lease roll-over and favorable market revaluation impact. |
| 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) | NA |
| Reclassification of Comparison Items | NA |
| Additional Information | There are no significant financial details for the listed company, Sadara Basic Services Company, which was established primarily for the purpose of issuing the Sukuk. Sadara Basic Services Company will not incur any liabilities or undertake any significant transactions other than those relating to Sukuk issuance. Therefore, this announcement reflects the financial results of the parent company, Sadara Chemical Company. The Group has a net loss attributable to shareholders of SAR 1.62 billion for three months ending March 31, 2026, and the Company’s accumulated losses exceeded 100% of its share capital as of that date. The Group management, based on Sadara Chemical Company’s approved business plan and the assumptions therein, believes that the Group will have sufficient funds available to meet its obligations as they become due within the 12-month period from the date of approval of these consolidated financial statements. The business plan assumes that a form of shareholder support will be available. Accordingly, the condensed consolidated interim financial statements have been prepared on a going concern basis. The Company has complied with all legal requirements arising from its accumulated losses exceeding 50% of its share capital, including convening the General Assembly on March 16, 2026 during which the shareholders resolved to continue the Company with the taking of the necessary measures to address such losses as may be agreed between the shareholders. |