Saudi Arabia · Delayed Price · Currency is SAR Saudi Basic Industries Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue rose 14% QoQ to $7.5B and adjusted EBITDA reached ~$1.3B as volumes rebounded 30%. Pricing pressure, overcapacity and logistics disruption persist, while transformation and selective portfolio actions remain key priorities.
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Q2 2026 saw a 5% revenue decline and a 33% drop in sales volume due to major supply chain disruptions, but higher selling prices and agile logistics mitigated the impact. Strategic transformation and portfolio optimization remain on track, with strong financial flexibility and prudent capital allocation.
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Q1 2026 saw revenue decline 6% sequentially to $7B, but adjusted EBITDA rose 25% to $1B as cost discipline and higher prices offset lower volumes. Portfolio optimization, innovation, and strategic projects advanced, with management guiding for continued price strength and disciplined capital allocation.
Fiscal Year 2025
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Q3 2025 saw stable demand, a 3% sequential revenue decline to $9.2B, and a 45% rise in adjusted net income. Transformation and cost optimization drove $300M in value, while major projects advanced on schedule. Outlook remains cautious amid persistent overcapacity.
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Q2 2025 saw a 3% revenue increase to $9.5B, with adjusted EBITDA up 40% sequentially. Portfolio optimization led to a $1.1B net loss due to Teesside closure, but transformation and digital initiatives are on track, and capital investment for 2025 is set at $3–3.5B.
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Q1 2025 delivered stable revenue of $9.2 billion, with EBITDA up 7% excluding $300 million in restructuring costs. Strategic cost-saving and portfolio optimization initiatives are underway, while major growth and sustainability projects progress on schedule.
Fiscal Year 2024
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Revenue declined 1% to $37.3B, but EBITDA rose 2% and net income improved by $1.1B year-over-year, aided by portfolio divestments and operational efficiencies. The company maintained strong margins and a robust balance sheet, with continued focus on core business and selective growth.
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Q3 2024 saw revenue rise 3% sequentially to $9.8B, with stable EBITDA and a sharp year-over-year net income increase, driven by portfolio optimization and resilient sales volumes. CapEx guidance was cut to $3.3–$3.9B, and further asset rationalization in Europe is ongoing.
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Q2 2024 saw strong sequential growth in revenue, EBITDA, and net income, driven by higher sales volumes and portfolio optimization. The company completed the Hadeed divestment, advanced sustainability initiatives, and maintained robust financial discipline amid stable but challenging market conditions.