SABIC reports increases of 14% in revenue and 40% in EBITDA Q-o-Q, demonstrates exceptional operational excellence

The Saudi Basic Industries Corporation (SABIC) today, 25 October 2026, announced its financial results for the third quarter of 2026, reporting a 14% increase in revenue and a 40% increase in EBITDA, quarter-on-quarter (Q-o-Q).

Highlights of Q3, 2026: 
•    Revenue of SAR 28.17 billion [$7.51 billion], an increase of 14% Q-o-Q.
•    Adjusted EBITDA of SAR 4.75 billion [$1.27 billion], an increase of 40% Q-o-Q.
•    Adjusted EBIT of SAR 2.17 billion [$0.58 billion], an increase of 434% Q-o-Q.
•    Adjusted Net Income of SAR 0.84 billion [$0.22 billion], compared to an Adjusted Net Loss of SAR (0.38) billion [$ (0.10) billion] in the previous quarter. 
•    Adjusted Earnings Per Share of SAR 0.28 [$0.07], compared to an Adjusted Earnings Per Share of SAR (0.13) [$ (0.03)]. 
•    Net debt position of SAR 3.03 billion [$0.81 billion] as of September 30, 2026, compared to a net debt position of SAR 2.73 billion [$0.73 billion] as of June 30, 2026.

Dr. Faisal M. Alfaqeer, CEO and Executive Member of the Board:
“In 3Q2026, SABIC demonstrated exceptional resilience, despite geopolitical developments and market headwinds, coupled with a clear and robust forward-looking vision and continued focus on strategic objectives, namely portfolio optimization, transformation and selective growth, in efforts to support the company’s long-term profitability and value creation for shareholders, building on its historic journey of more than five decades. 

Quarterly key highlights included achieving an exceptional Total Recordable Incident Rate of 0.06, demonstrating our prioritization of safety and security; SABIC Agri-Nutrients’ Final Investment Decision to build a new industrial complex for ammonia and urea production in the Kingdom, with total annual production capacity of 1.2 million metric tons for ammonia and 2.6 million metric tons per annum for urea, increasing the company’s urea’s production capacity by 54% compared to current levels; the allocation of necessary feedstock by the Ministry of Energy for a new methanol production plant in Jubail, Kingdom of Saudi Arabia, with a production capacity of 1.8 million tons per year, propelling our growth plans in strategic profitable markets; the completion of the divestment of the Engineering Thermoplastics business in the Americas and Europe for an enterprise value of $450 million, as part of our Portfolio Optimization Programme; taking further steps in our transformation journey, whereby SAR 3.56 billion ($0.95 billion) was so far achieved of the 2030 target of SAR 11.3 billion ($3 billion) as a positive recurring impact on the EBITDA level; and receiving a Local Content Certificate for 2025 from the Local Content and Government Procurement Authority, as SABIC achieved over 61% as Local Content Score in 2025, an increase of more than 9% compared to 2024, an accomplishment that was further supported by concluding several agreements focused on local industries’ enablement, such as the recently signed MoU with Lenovo.”