Riyadh - Mubasher: Advanced Petrochemical Company generated 58.33% year-on-year (YoY) lower net profits attributable to the owners at SAR 30 million in the first quarter (Q1) of 2026, compared to SAR 72 million.
The earnings per share (EPS) amounted to SAR 0.11 at the end of March 2026, up year-on-year (YoY) from SAR 0.27, according to the estimated financial results.
Meanwhile, revenues jumped by 75.73% YoY to SAR 1.07 billion in Q1-26 from SAR 614 million.
The quarterly net profits soared by 2,900% from SAR 1 million in Q4-25, whereas the revenues declined by 7.93% from SAR 1.17 billion.
In the January-December 2025 period, Advanced Petrochemical turned profitable at SAR 226 million, against net losses valued at SAR 259 million in 2024.
