SABIC Agri-Nutrients Reports SAR 1,606M Net Profit in the Six Months 2026
SABIC AGRI-NUTRIENTS 2020.SA | 0.00 |
On 2026-07-26 08:01:59 (Saudi Time), SABIC Agri-Nutrients Co. 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 | 2,411 | 3,287 | -26.65 | 2,874 | -16.109 |
| Gross Profit (Loss) | 712 | 1,267 | -43.804 | 1,369 | -47.991 |
| Operational Profit (Loss) | 423 | 1,028 | -58.852 | 1,168 | -63.784 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 379 | 1,060 | -64.245 | 1,227 | -69.111 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 361 | 1,005 | -64.079 | 1,294 | -72.102 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 5,285 | 6,361 | -16.915 |
| Gross Profit (Loss) | 2,081 | 2,432 | -14.432 |
| Operational Profit (Loss) | 1,591 | 1,885 | -15.596 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 1,606 | 2,044 | -21.428 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,655 | 1,975 | -16.202 |
| Total Shareholders Equity (after Deducting Minority Equity) | 21,192 | 20,156 | 5.139 |
| Profit (Loss) per Share | 3.37 | 4.29 | |
| 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 | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, SABIC Agri-Nutrients Co. reported sales/revenue of SAR 5,285 million, down 16.915% YoY from SAR 6,361 million, primarily driven by a decrease in sold quantities affected by challenges in supply chains, partially offset by an increase in average selling prices for most of the company's products. Net profit attributable to shareholders declined 21.428% YoY to SAR 1,606 million from SAR 2,044 million, with the steeper drop relative to revenue further attributable to a lower share of results from an associate and a joint venture, again partially mitigated by the higher average selling prices.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 16.109% to SAR 2,411 million (from SAR 2,874 million in the previous quarter), driven primarily by a decrease in sold quantities affected by supply chain challenges, partially offset by higher average selling prices for most products. Net profit attributable to shareholders fell sharply by 69.111% QoQ to SAR 379 million (from SAR 1,227 million), with the steeper decline relative to revenue further attributed to a lower share of results from an associate and a joint venture, again partially mitigated by the improvement in average selling prices.
Other Items
The external auditor issued an unmodified conclusion on the interim financial results for the six-month period ending June 30, 2026, with no additional comments noted under any other matter, reservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders' equity (after deducting minority equity) stood at SAR 21,192 million for the current period, compared to SAR 20,156 million for the same period of the previous year, representing an increase of 5.139%. Earnings per share for the current period were SAR 3.37, down from SAR 4.29 in the same period of the prior year. No material risks related to going concern, debt default, or accumulated losses as a percentage of capital were disclosed in this announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96971&anCat=1&cs=2020&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/26912_382_2026-07-25_18-56-40_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.