SABIC Agri-Nutrients (2020) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2025 rose to SAR 6.36 billion, up 22.5% year-over-year, driven by higher netback prices despite increased feedstock costs.

• Net income for the six-month period reached SAR 2.11 billion, a 30% increase compared to the same period last year.

• The Group recognized a SAR 74.7 million severance expense due to a strategic workforce optimization initiative.

Financial highlights

• Gross profit for H1 2025 was SAR 2.43 billion, up from SAR 1.89 billion year-over-year.

• Operating income for H1 2025 reached SAR 1.88 billion, compared to SAR 1.41 billion in H1 2024.

• Basic and diluted EPS for H1 2025 was SAR 4.29, up from SAR 3.25 in H1 2024.

• Cash and cash equivalents at 30 June 2025 stood at SAR 1.74 billion, down from SAR 7.81 billion at year-end 2024, mainly due to significant short-term investments.

• Net cash generated from operating activities for H1 2025 was SAR 1.84 billion.

Outlook and guidance

• The Group expects all unfulfilled performance obligations as of 30 June 2025 to be satisfied in the following period.

• Interim cash dividend of SAR 3.5 per share (SAR 1.67 billion total) approved for H1 2025, to be distributed in August 2025.