Luberef Reports SAR 257.97M Net Profit in Three Months 2026
LUBEREF 2223.SA | 0.00 |
On 2026-05-10 08:55:40 (Saudi Time), Saudi Aramco Base Oil Company- Luberef announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,158,407 | 2,127,958 | 1.43 | 1,569,038 | 37.562 |
| Gross Profit (Loss) | 328,281 | 287,547 | 14.166 | 207,243 | 58.403 |
| Operational Profit (Loss) | 263,305 | 226,344 | 16.329 | 114,395 | 130.171 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 257,968 | 221,508 | 16.459 | 109,784 | 134.977 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 261,869 | 195,814 | 33.733 | 135,176 | 93.724 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 4,255,402 | 4,075,047 | 4.425 |
| Profit (Loss) per Share | 1.53 | 1.32 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 1.43% YoY to SAR 2.16 million, primarily driven by higher by-products prices and sales volumes despite decreased base oil sales volumes and prices. Net profit rose 16.459% YoY to SAR 257.97 million, mainly due to improved by-products crack margins offsetting lower base oil sales volumes and crack margins.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 37.56% to 2,158.41 million, driven by higher by-products prices and sales volumes along with increased base oil sales volumes. Net profit surged 134.98% to 257.97 million, primarily due to improved by-products crack margins and higher base oil sales volumes, despite lower base oil crack margins.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No material uncertainties or significant risk factors were disclosed in the interim financial results. Total shareholders equity increased 4.425% to SAR 4,255,402 thousand, with earnings per share improving to SAR 1.53 from SAR 1.32 in the comparable prior year period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95155&anCat=1&cs=2223&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/25672_3903_2026-05-10_07-51-47_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.