| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 3,502 | 2,193 | 59.69 | ||
| Gross Profit (Loss) | 670 | 288 | 132.64 | ||
| Operational Profit (Loss) | 475 | 101 | 370.3 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 226 | -259 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 214 | -368 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 3,091 | 2,873 | 7.59 | ||
| Profit (Loss) per Share | 0.88 | -1 | |||
| All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The reasons for the increase in revenue are mainly due to the following: Increase in the sales volume by 79% due to commencement of operations of Advanced Polyolefins Industry Company in Q3 2025 and the periodic scheduled maintenance during 2024. The revenues increased despite the decrease in netback prices by 11%. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reasons for the net profit in 2025 compared to net loss in 2024 are as follows: Increase in the revenues as explained above. Decrease in Propane and Purchased Propylene prices by 17% and 4% respectively. Additionally, no share in the losses on investment in SK Advanced during the current year compared to the share in losses of SAR 133 million and recording a provision for impairment of SAR 212 million during the year 2024. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | None |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the current year’s presentation to these annual consolidated financial statements. |
| Additional Information | After the commencement of commercial operations of Advanced Polyolefins Industry Company in 2025 as announced earlier, depreciation, fixed costs and financial charges are recorded in the income statement from Q3 2025 onwards in line with prevailing accounting standards. The change in other comprehensive income in year 2025 is mainly due to the unrealized fair value loss on the equity investment. |
