SABIC has reported its financial results for the second quarter of 2025, showing an adjusted net income of SAR 0.5 billion. This marks a turnaround from the previous quarter’s adjusted net loss of SAR 0.1 billion, reflecting an increase of SAR 555 million.
The company’s revenue for the period reached SAR 35.6 billion, up by 3% compared to SAR 34.6 billion in the first quarter. Total sales volume rose to 11,779 thousand metric tons from 11,477 thousand metric tons in the previous quarter, also a 3% increase. SABIC attributed this growth to higher sales volumes and recognition of licensing and engineering services revenue, despite lower average sales prices.
Abdulrahman Al-Fageeh, CEO of SABIC, stated that starting from this quarter, the company has adopted adjusted financial metrics that exclude non-operational and one-off incidents to better reflect operational performance and sustainable growth while complying with market disclosure requirements.
Al-Fageeh highlighted SABIC’s environmental health and safety achievements: “the company has achieved HSE rate of 0.07 during the first half of this year, lower than petrochemical peers globally, and its lowest over the past 10 years.”
During a press conference at SABIC’s Riyadh headquarters announcing these results, Al-Fageeh said: “The Board of Directors has approved the distribution of SAR 4.5 billion in dividends for the first half of this year, which underscores SABIC’s commitment to maximize shareholders’ value and ROA, and enhance SABIC’s competitive position and investor confidence, while maintaining sufficient resources to achieve financial stability and future strategic growth.”
SABIC plans to continue reviewing its portfolio as part of an ongoing transformation program. The initiatives include closing its cracker facility in Teesside (UK) and considering several options for its affiliate Gas—among them a potential IPO—as part of efforts to focus on core business areas for sustainable growth.
“In line with SABIC’s growth ambitions, the one million metric ton capacity MTBE project at our Petrokemya affiliate is progressing well, according to planned cost and schedule. The Engineering, Procurement, and Construction (EPC) phase is more than 95% complete and pilot commissioning will occur during Q3 2025,” Al-Fageeh said.
He also noted continued progress on SABIC’s Fujian Petrochemical Complex project in China—a major step in expanding operations within Asia.
SABIC remains focused on improving operational efficiency amid economic changes as it aims for medium- and long-term value creation for shareholders while building resilience aligned with strategic objectives.
