YANSAB Reports SAR 11.2M Net Profit in Three Months 2026
YANSAB 2290.SA | 0.00 |
On 2026-04-26 08:22:19 (Saudi Time), Yanbu National Petrochemical Co. (YANSAB) 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 | 1,320.1 | 1,512.1 | -12.697 | 1,379 | -4.271 |
| Gross Profit (Loss) | 153.3 | 153.9 | -0.389 | 101 | 51.782 |
| Operational Profit (Loss) | 12.2 | 8 | 52.499 | -59 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 11.2 | 13.7 | -18.248 | -53 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -12.9 | 15.9 | - | -40 | -67.75 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 10,173.4 | 11,252.6 | -9.59 |
| Profit (Loss) per Share | 0.02 | 0.02 | |
| 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
Sales declined 12.70% YoY to SAR 1,320.1 million primarily due to lower average sales prices across all products and slight decreases in sales quantities, compounded by scheduled maintenance of the ethylene glycol plant from January 25 to February 17, 2026. Net profit decreased 18.25% YoY to SAR 11.2 million, driven by the decline in sales prices despite reduced production input costs and maintained plant reliability levels.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 4.271% to 1,320.1 million SAR, primarily due to decreased sales quantities from the scheduled ethylene glycol plant turnaround for maintenance from January 25 to February 17, 2026, despite higher average sales prices across all products. Net profit turned positive at 11.2 million SAR compared to a 53 million SAR loss in the previous quarter, driven by increased average sales prices that offset higher production input costs and lower sales volumes.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Total shareholders equity decreased 9.59% to SAR 10,173.4 million compared to the previous year. Earnings per share remained stable at SAR 0.02. Certain prior period figures were reclassified to align with current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94659&anCat=1&cs=2290&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/1350_409_2026-04-24_19-55-56_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.