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Saudi Kayan Petrochemical Co. announces the Interim Financial results for the Period Ending on 30-09-2026 (Nine Months)
10/21/2026
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,187.92 | 2,152.81 | 1.63 | 2,008.87 | 8.912 |
| Gross Profit (Loss) | 195.44 | -88.08 | - | -338.77 | - |
| Operational Profit (Loss) | 52.07 | -163.06 | - | -522.24 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -94.2 | -336.25 | -71.985 | -672.76 | -85.997 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -47.33 | -356.13 | -86.709 | -636.54 | -92.564 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 5,684.5 | 6,445.89 | -11.812 |
| Gross Profit (Loss) | -427.58 | -589.12 | -27.42 |
| Operational Profit (Loss) | -932.03 | -1,117.75 | -16.615 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -1,381.57 | -1,608.39 | -14.102 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -1,322.61 | -1,621.91 | -18.453 |
| Total Shareholders Equity (after Deducting Minority Equity) | 7,857.23 | 9,880.94 | -20.48 |
| Profit (Loss) per Share | -0.92 | -1.07 | |
| 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 | - | - | |
| Accumulated Losses | -7,281.73 | -48.54 | |
| All figures are in (Millions) 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 | The increase in revenues during the current quarter compared to the same quarter of the previous year is due to an increase in the selling prices of products during the current quarter, despite a decrease in the quantities sold as a result of supply chain challenges. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The reason for the decrease in net loss during the current quarter compared to the same quarter of the previous year is due to an increase in product selling prices and the company's initiatives to reduce operating costs, in addition to the partial reversal of a provision for spare parts which was offset by an increase in the cost of some production inputs and a partial decrease in the quantities sold due to supply chain challenges. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason for the increase in revenues during the current quarter compared to the previous quarter is due to the increase in quantities sold despite the decrease in the average selling prices of products. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason for the decrease in net loss in the current quarter compared to the previous quarter is due to increase in quantities sold, the company's continued operational activities and the reliability of its plants despite supply chain challenges, as well as the company's initiatives to reduce operational costs, a decrease in the average cost of production inputs, in addition to the partial reversal of provisions for spare parts, which was offset by a decrease in the average selling prices of products. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The reason for the decrease in revenues during the current period compared to the same period of the previous year is due to a decrease in the quantities sold as a result of supply chain challenges, despite an increase in the average selling prices of products. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reason for the decrease in net loss during the current period compared to the same period of the previous year is due to an increase in the average selling prices of products, the partial reversal of a provision for spare parts, as well as the company's cost reduction initiatives, despite the decrease in quantities sold and an increase in logistics costs resulting from supply chain challenges. |
| 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) | None |
| Reclassification of Comparison Items | None |
| Additional Information | The company continued working to reduce the impact of current challenges through several initiatives, including improving the reliability of its plants, reducing operational costs, and leveraging the available options which Kingdom’s of Saudi Arabia has in the integrated supply chain infrastructure to maintain operational sustainability.
The company also reviewed the accounting estimates for spare parts provision, resulting in a partial reversal of a provision amounting to 129 million Saudi Riyals, which positively reflected on the company's results for the third quarter of 2026. |
| Attached Documents | Click here |