Luberef Reports SAR 992.07M Net Profit in the Six Months 2026
LUBEREF 2223.SA | 0.00 |
On 2026-08-02 08:33:37 (Saudi Time), Saudi Aramco Base Oil Company- Luberef announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 3,418,578 | 2,249,108 | 51.997 | 2,158,407 | 58.384 |
| Gross Profit (Loss) | 857,002 | 320,282 | 167.577 | 328,281 | 161.057 |
| Operational Profit (Loss) | 748,466 | 257,137 | 191.076 | 263,305 | 184.258 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 734,097 | 245,197 | 199.39 | 257,968 | 184.569 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 711,897 | 256,147 | 177.925 | 261,869 | 171.852 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 5,576,985 | 4,377,066 | 27.413 |
| Gross Profit (Loss) | 1,185,283 | 607,829 | 95.002 |
| Operational Profit (Loss) | 1,011,771 | 483,481 | 109.267 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 992,065 | 466,705 | 112.567 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 973,766 | 451,961 | 115.453 |
| Total Shareholders Equity (after Deducting Minority Equity) | 4,967,791 | 4,331,750 | 14.683 |
| Profit (Loss) per Share | 5.9 | 2.77 | |
| 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
For the six-month period ended 30 June 2026, Sales/Revenue increased 27.413% YoY to SAR 5,576.99 million (from SAR 4,377.07 million), driven primarily by higher base oil and by-product prices. Net profit attributable to shareholders surged 112.567% YoY to SAR 992.07 million (from SAR 466.71 million), mainly due to the expansion in base oil and by-product crack margins.
Quarter-on-Quarter Performance Drivers
QoQ revenue surged 58.384% to SAR 3,418.58 million (from SAR 2,158.41 million in the previous quarter), driven primarily by higher base oil prices and increased sales volumes. Net profit attributable to shareholders jumped 184.569% QoQ to SAR 734.10 million (from SAR 257.97 million), mainly due to expanded base oil crack margins and higher sales volumes, partially offset by a decline in by-product crack margins.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or reservations noted. No material risks, going concern uncertainties, debt covenant breaches, or reclassification of comparison items were reported. Total shareholders' equity (after deducting minority equity) stood at SAR 4,967,791 thousand for the current period, compared to SAR 4,331,750 thousand for the same period of the previous year, representing a 14.683% increase. Earnings per share for the current period were SAR 5.9, up from SAR 2.77 in the same period of the prior year. No profits or losses resulting from changes in investment property fair value were recorded.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97159&anCat=1&cs=2223&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/25672_3903_2026-08-02_08-24-19_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.