Saudi Kayan Revenues Drop 3% in 2025, Net Loss Widens to SAR 2.29 Billion Amid Lower Product Prices

Riyadh | EcoPulse24

Saudi Kayan Petrochemical Company announced its annual financial results for the year ended December 31, 2025, revealing a drop in revenues and an expanded net loss amid ongoing product price pressures, despite improved sales volumes and higher plant reliability.

Sales reached SAR 8,458.85 million in 2025, down 3.06% from SAR 8,726.03 million the previous year. The company attributed the revenue decline to lower average selling prices, even as sales volumes increased.

Gross loss totaled SAR 893.86 million, up 39.13% from SAR 642.46 million a year earlier. Operating loss grew by 44.93% to SAR 1,643.11 million, reflecting continued pressure on operating margins.

Net loss attributable to shareholders rose to SAR 2,293.88 million, up 27.17% from SAR 1,803.72 million in 2024. Total comprehensive loss reached SAR 2,322.99 million compared to SAR 1,781.23 million the previous year, a 30.41% increase.

Loss per share stood at SAR 1.53, versus a SAR 1.20 loss a year earlier. Total equity (excluding non-controlling interests) fell to SAR 9,179.85 million from SAR 11,502.85 million, down 20.19%. Accumulated losses hit SAR 6,521.04 million, representing 43.47% of capital.

The company noted that the higher net loss was mainly due to lower average selling prices, despite enhanced plant reliability and operational efficiency. The auditor’s report was unqualified, with no reservations or emphasis of matter.

On the trading front, Saudi Kayan’s share closed at SAR 4.93, down SAR 0.20 (3.90%), with a trading value of SAR 23.86 million and a volume of 4,767,991 shares.

EcoPulse24 Analysis:
Saudi Kayan’s results highlight the ongoing challenges in the petrochemical pricing cycle. Improved sales volumes and operational efficiency were insufficient to offset the impact of lower average prices. The rise in accumulated losses to nearly half of capital underscores the need for a more favorable global pricing environment to restore margins. Operational performance remains relatively stable, but financial outcomes will remain closely tied to shifts in energy and petrochemical markets through 2026.