ADVANCED PETROCHEMICAL COMPANY ANNOUNCES ITS ESTIMATED FINANCIAL RESULTS FOR THE PERIOD ENDED ON 30 SEPTEMBER 2025 (NINE MONTHS)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,018 | 643 | 58.32 | 698 | 45.845 |
| Gross Profit (Loss) | 235 | 119 | 97.478 | 134 | 75.373 |
| Operational Profit (Loss) | 182 | 76 | 139.473 | 92 | 97.826 |
| Net profit (Loss) | 72 | 46 | 56.521 | 82 | -12.195 |
| Total Comprehensive Income | 132 | 48 | 175 | 91 | 45.054 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 2,330 | 1,613 | 44.451 |
| Gross Profit (Loss) | 476 | 269 | 76.951 |
| Operational Profit (Loss) | 347 | 126 | 175.396 |
| Net profit (Loss) | 225 | 29 | 675.862 |
| Total Comprehensive Income | 264 | -22 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 3,139 | 3,212 | -2.272 |
| Profit (Loss) per Share | 0.871 | 0.111 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The reasons for the increase in net revenue is mainly due to the following:
Increase in the sales volume by 82% due to commencement of operations for both Polypropylene lines of Advanced Polyolefins in Q3 2025.
The net revenues increased despite the decrease in netback prices by 14%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The reasons for the increase in the net profit are as follows:
Increase in the net revenues by 58% as mentioned above.
Decrease in Propane and Purchased Propylene prices by 23% and 9% respectively.
Additionally, no share in the losses on investment in SK Advanced recorded in Q3 2025 as a result of recording a provision for impairment of investment in SK Advanced during last year, while the share in losses on investment in SK Advanced amounts to SAR 30 million during the same quarter of the last year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reasons for the increase in net revenue is mainly due to the following:
Increase in sales volume by 54% due to commencement of operations for both Polypropylene lines of Advanced Polyolefins in Q3 2025.
The net revenues increased despite the decrease in netback prices by 5%. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason for the decrease in the net profit is due to recognition of financial charges in the income statement after the commencement of operation of Advanced Polyolefins. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The reasons for the significant increase in net revenue is mainly due to the following:
Increase in the sales volume by 59% due to commencement of operations for both Polypropylene lines of Advanced Polyolefins in Q3 2025 as announced earlier and periodic scheduled maintenance activity in Q1 2024.
The net revenues increased despite the decrease in netback prices by 10%. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reasons for the increase in the net profit are as follows:
Increase in the net revenues by 44% as mentioned above.
Decrease in Propane and Purchased Propylene prices by 10% and 3% respectively.
Additionally, no share in the losses on investment in SK Advanced during the current period as a result of recording a provision for impairment of investment in SK Advanced during last year, while the share in losses on investment in SK Advanced amounts to SAR 97 million during the same period last year. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | These estimated financial results for the period ending on September 30, 2025, have been prepared by the company's management and have not been audited or reviewed by its external auditor. |
| Reclassification of Comparison Items | None |
| Additional Information | After the commencement of commercial operations for both Polypropylene Lines of Advanced Polyolefins in July 2025 as announced earlier, depreciation, fixed costs and financial charges are recorded in the income statement from Q3 2025 in line with prevailing accounting standards.
The change in other comprehensive income is mainly due to the unrealized fair value gain (loss) on the equity investment in addition to exchange difference on translation of investment in an associated company. |
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