On 2026-07-22 08:01:51 (Saudi Time), Yanbu National Petrochemical Co. (YANSAB) announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending June 30, 2026, YANSAB's sales/revenue increased 10.082% YoY to SAR 3,199 million (from SAR 2,906 million), driven primarily by higher average sales prices across all products and consistently strong plant reliability levels, with the scheduled turnaround of the ethylene glycol plant for preventive maintenance (January 25 to February 17, 2026) noted as a factor during the period. Net profit attributable to shareholders surged 363.917% YoY to SAR 270 million (from SAR 58.2 million), also driven by the improved sales prices and operational performance, despite headwinds from higher costs of certain production inputs and the recording of provisions totaling SAR 104 million.

Quarter-on-Quarter Performance Drivers

QoQ revenue surged 42.33% to SAR 1,878.9 million (from SAR 1,320.1 million in the previous quarter), driven primarily by higher average sales prices across all products and sustained high levels of plant reliability supporting consistent operational performance. Net profit attributable to shareholders jumped 2,210.714% QoQ to SAR 258.8 million (from SAR 11.2 million), reflecting the same pricing and operational tailwinds, partially offset by increased costs of certain production inputs and the recording of provisions totaling SAR 104 million. Additionally, the prior quarter (Q1 2026) was negatively impacted by a scheduled turnaround of the ethylene glycol plant for preventive maintenance from January 25 to February 17, 2026, which had weighed on that period's results.

Other Items

The external auditor issued an unmodified conclusion on the interim financial results. Total shareholders' equity (after deducting minority equity) stood at SAR 10,468.5 million for the current period, compared to SAR 11,298.4 million in the same period of the prior year, a decrease of 7.345%. Total comprehensive income attributable to shareholders reached SAR 282.1 million for the current period (vs. SAR 61.7 million in the same period last year), while for the current quarter it was SAR 295.1 million (vs. SAR 45.8 million in the same quarter last year and SAR -12.9 million in the previous quarter). Earnings per share for the current period were SAR 0.48, compared to SAR 0.1 in the same period of the prior year. No material risks, going concern issues, or accumulated losses were flagged. Certain prior period figures have been reclassified to align with the current period's presentation.

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