SABIC posts third-quarter net profit of SAR 500 million
Saudi Basic Industries reported Q3 2026 net profit of SAR 500 million and sales of SAR 28.17 billion, according to Reuters.
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what happened
Saudi Basic Industries Corporation (SABIC) reported net profit of SAR 500 million for the third quarter of 2026. Revenue for the period came to SAR 28,170 million, Reuters reported.
The company said higher prices helped offset lower sales volumes, although average selling prices fell for some key products. Gross profit rose, and so did selling and distribution expenses. Results from associates and non-integral joint ventures improved.
Petrochemical sales volume reached 6.71 million tonnes and specialties sales volume 65 thousand tonnes. SABIC cited accelerating demand for AI infrastructure and a favorable product mix that lifted average selling prices. Full-year expenditure guidance is $3 billion to $3.3 billion, and net debt stood at SAR 3.03 billion as of September 30, 2026.
why it matters
For markets, the demand mix matters as much as the profit figure. Petrochemicals are closely tied to feedstock and hydrocarbon prices, so SABIC's report offers a read on the Middle East chemicals sector. Investors will also watch the capex plan and the company's debt position.
market impact
Saudi petrochemicals: AI-driven demand and firmer prices support SABIC's margins, a read-across for the sector
tags
instruments
sources
- SABIC Q3 Profit SAR 500 Million — Reuters, 25 October 2026 at 05:41 UTC
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