Saudi Basic Industries Corp

SABIC returns to profitability with $224m adjusted net income in Q3 
  • SABIC reported an adjusted net income of SR840 million ($224 million) in Q3, recovering from a loss of SR380 million in Q2.
  • Revenue increased by 14% quarter on quarter to SR28.17 billion, with adjusted EBITDA climbing 40% to SR4.75 billion.
  • Adjusted earnings before interest and taxes surged 434% to SR2.17 billion, while net debt rose to SR3.03 billion by September 30, 2026.
  • Despite geopolitical tensions and challenging market conditions, SABIC's financial results highlight its resilience and commitment to long-term profitability.