Saudi Kayan Reports SAR 1,287.36M Net Loss in the Six Months 2026
SAUDI KAYAN 2350.SA | 0.00 |
On 2026-07-22 09:57:20 (Saudi Time), Saudi Kayan Petrochemical 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 | 2,008.87 | 2,231.29 | -9.968 | 1,487.72 | 35.03 |
| Gross Profit (Loss) | -338.77 | -112.39 | 201.423 | -284.26 | 19.176 |
| Operational Profit (Loss) | -522.24 | -305.84 | 70.755 | -461.86 | 13.073 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -672.76 | -496.35 | 35.541 | -614.61 | 9.461 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -636.54 | -494.3 | 28.776 | -638.74 | -0.344 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 3,496.59 | 4,293.08 | -18.552 |
| Gross Profit (Loss) | -623.03 | -501.04 | 24.347 |
| Operational Profit (Loss) | -984.1 | -954.7 | 3.079 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -1,287.36 | -1,272.14 | 1.196 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -1,275.28 | -1,265.78 | 0.75 |
| Total Shareholders Equity (after Deducting Minority Equity) | 7,904.57 | 10,237.07 | -22.784 |
| Profit (Loss) per Share | -0.86 | -0.85 | |
| 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 | - | - | |
| Accumulated Losses | -7,187.53 | -47.92 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, Saudi Kayan Petrochemical Co. reported a YoY decline in sales/revenue of 18.552%, falling from SAR 4,293.08 million to SAR 3,496.59 million, primarily driven by a decrease in quantities sold due to supply chain challenges, partially offset by higher average selling prices. The net loss attributable to shareholders widened marginally by 1.196% YoY, from SAR 1,272.14 million to SAR 1,287.36 million, driven by lower sales volumes, higher average costs of certain raw materials, and increased logistics costs, despite the improvement in average selling prices and a reduction in general and administrative expenses.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 35.03% to SAR 2,008.87 million (from SAR 1,487.72 million in the previous quarter), driven by higher average selling prices despite a decline in quantities sold. However, the net loss attributable to shareholders widened by 9.461% QoQ to SAR 672.76 million (from SAR 614.61 million), primarily due to an increase in the average cost of certain raw materials.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or reservations noted. Accumulated losses stood at SAR 7,187.53 million, representing 47.92% of capital. Total shareholders' equity (after deducting minority equity) declined 22.784% year-on-year to SAR 7,904.57 million, compared to SAR 10,237.07 million in the same period of the prior year. Loss per share for the current period was SAR -0.86, compared to SAR -0.85 in the same period last year. The company stated that it "has continued to work to contain the impact of the current challenges with initiatives to reduce operational costs and leverage the options available in Kingdom's integrated supply chain infrastructure to maintain the sustainability of operations."
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96931&anCat=1&cs=2350&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/31495_415_2026-07-22_09-37-21_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.