Amna Assem

Advanced Petrochemical Company, a Saudi petrochemicals manufacturer listed on the Saudi Stock Exchange, saw its net profit fall by more than half during the first quarter of 2026 compared to the same period in 2025, driven by the operating costs of its new plants, according to a statement sent to the stock exchange on Sunday.

What are the details?

(According to the statement)

Net profit attributable to shareholders was recorded at approximately 30 million riyals (equivalent to $8 million) during the first quarter of 2026, compared to 72 million riyals for the same period in 2025, a decrease of 58.3% year-on-year.

The company attributed the decrease in net profit - despite a 76% increase in revenues to reach 1.07 billion riyals - to the start-up of new factories, which resulted in costs such as depreciation and financing expenses.

A brief overview of the company

(According to its official website, LinkedIn, and the stock exchange)

• It was founded in 2005, listed on the Saudi Stock Exchange in 2007, and is headquartered in Saudi Arabia.

• It operates in the petrochemical and plastics industries.

• The company has a number of factories in Saudi Arabia.

• Its paid-up capital amounts to 2.6 billion riyals.

(Prepared by: Omnia Assem, Edited by: Yasmine Saleh, Contact: zawya.arabic@lseg.com )

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