SABIC returns to SAR 500 million net profit in Q3
Reverses previous quarter losses to record SAR 500 million net profit in third quarter. Generates SAR 28.17 billion revenue following asset sale.
SABIC returned to profitability in the third quarter of 2026 with a net profit of SAR 500 million, representing a 16.3 percent year-on-year increase, according to The National News. The financial performance reverses a net loss of SAR 833 million recorded in the second quarter.
Third quarter revenue reached SAR 28.17 billion, up 14 percent quarter-on-quarter, as the company completed the sale of its Americas and Europe engineering thermoplastics unit for an enterprise value of $450 million. Net loss for the first nine months of the year narrowed to SAR 320 million from SAR 4.84 billion in the prior-year period.
What do these terms mean?
Net profit: The amount of money a company earns after deducting all operating expenses, taxes, interest, and costs from its total revenues.
Enterprise value: A total measure of a company's total value, taking into account its market capitalization, short-term and long-term debt, and any cash on its balance sheet.
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