Saudi Kayan Reports SAR 2,293.88M Net Loss in 2025
SAUDI KAYAN 2350.SA | 5.28 | -1.68% |
On 2026-02-25 08:17:11 (Saudi Time), Saudi Kayan Petrochemical Co. announced its annual financial results for the twelve months ended on December 31, 2025.
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 8,458.85 | 8,726.03 | -3.06 | ||
| Gross Profit (Loss) | -893.86 | -642.46 | 39.13 | ||
| Operational Profit (Loss) | -1,643.11 | -1,133.73 | 44.93 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -2,293.88 | -1,803.72 | 27.17 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -2,322.99 | -1,781.23 | 30.41 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 9,179.85 | 11,502.85 | -20.19 | ||
| Profit (Loss) per Share | -1.53 | -1.2 | |||
| 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 | 6,521.04 | 43.47 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The reason for the decrease in sales during the year compared to the last year is due to decrease in product’s average selling price despite the increase in sold quantities. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for the increase in net loss for the year compared to the previous year is the decrease in product’s average selling prices despite of increase in quantities sold and achieved better levels of plant reliability which supported operation efficiency. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | Certain previous period figures have been re-classified to conform to the presentation of financial statements in the current period. |
| Additional Information | - |
| Attached Documents |
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Year-on-Year Performance Drivers
Sales declined 3.06% YoY to SAR 8,458.85 million primarily due to decreased average selling prices despite increased sold quantities. Net loss widened 27.17% to SAR 2,293.88 million, driven by the significant drop in product pricing that more than offset the positive impact of higher sales volumes and improved plant reliability that enhanced operational efficiency.
Other Items
The external auditor issued an unmodified opinion with no additional comments or qualifications mentioned. Accumulated losses reached SAR 6,521.04 million, representing 43.47% of capital. The company reported gross loss of SAR 893.86 million compared to SAR 642.46 million in the previous year, while operational loss increased to SAR 1,643.11 million from SAR 1,133.73 million. Total shareholders equity decreased 20.19% to SAR 9,179.85 million, and loss per share widened to SAR 1.53 from SAR 1.2 in the prior year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93299&anCat=1&cs=2350&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/31495_415_2026-02-24_23-18-31_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.