Saudi Arabian Oil Company (Saudi Aramco) Announces its Interim Financial Results for the Period Ended 2025-09-30 (Nine Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 386.17 | 416.63 | -7.311 | 378.83 | 1.937 |
| Gross Profit (Loss) | - | - | - | - | - |
| Operational Profit (Loss) | 193.52 | 192.82 | 0.363 | 167.09 | 15.817 |
| Net profit (Loss) | 101.02 | 103.37 | -2.273 | 85.02 | 18.819 |
| Total Comprehensive Income | 99.37 | 103.57 | -4.055 | 90.26 | 10.093 |
| All figures are in (Billions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,170.64 | 1,244.38 | -5.925 |
| Gross Profit (Loss) | - | - | - |
| Operational Profit (Loss) | 551.97 | 601.31 | -8.205 |
| Net profit (Loss) | 283.58 | 314.65 | -9.874 |
| Total Comprehensive Income | 286.89 | 314.17 | -8.683 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,499.95 | 1,489.45 | 0.704 |
| Profit (Loss) per Share | 1.15 | 1.27 | |
| All figures are in (Billions) 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 (Billions) 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 | Revenue for the third quarter of 2025 was SAR 386.17 billion ($102.98 billion), compared to SAR 416.63 billion ($111.10 billion) for the same quarter in 2024. The decrease in revenue was mainly driven by lower refined and chemical products prices as well as lower crude oil prices and traded volumes, partially offset by higher volumes sold of refined and chemical products. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net income for the third quarter of 2025 was SAR 101.02 billion ($26.94 billion), compared to SAR 103.37 billion ($27.56 billion) for the same quarter in 2024. The decrease was mainly driven by lower revenue and other income related to sales, partially offset by lower operating costs.
*Adjusted net income for the third quarter of 2025 was SAR 104.92 billion ($27.98 billion). Total adjustments of SAR 3.91 billion ($1.04 billion) mainly related to impairments and write-downs, partially offset by tax and zakat adjustments. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue for the third quarter of 2025 was SAR 386.17 billion ($102.98 billion), compared to SAR 378.83 billion ($101.02 billion) for the second quarter of 2025. The increase in revenue was mainly due to higher volumes sold and prices of refined and chemical products as well as higher prices and volumes sold of crude oil. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net income for the third quarter of 2025 was SAR 101.02 billion ($26.94 billion), compared to SAR 85.02 billion ($22.67 billion) for the second quarter of 2025. The increase was mainly due to the impact of higher revenue and other income related to sales as well as lower operating costs. This was partially offset by higher income taxes and zakat driven by higher taxable income. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue for the first nine months of 2025 was SAR 1,170.64 billion ($312.17 billion), compared to SAR 1,244.38 billion ($331.83 billion) for the same period in 2024. The decrease in revenue was mainly due to lower prices of crude oil as well as lower prices of refined and chemical products. This was partially offset by higher volumes sold of refined and chemical products. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net income for the first nine months of 2025 was SAR 283.58 billion ($75.62 billion), compared to SAR 314.65 billion ($83.91 billion) for the same period in 2024. The decrease was mainly due to the impact of lower revenue and other income related to sales. This was partially offset by lower operating costs and lower income taxes and zakat driven by lower taxable income.
*Adjusted net income for the first nine months of 2025 was SAR 295.68 billion ($78.85 billion). Total adjustments of SAR 12.10 billion ($3.23 billion) mainly related to impairments and write-downs, (gains) losses on sales, retirements and disposals, adjustments related to joint ventures and associates, partially offset by tax and zakat adjustments. |
| 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) | - |
| Reclassification of Comparison Items | None |
| Additional Information | - Given the nature of Saudi Aramco’s business in exploring, prospecting, drilling, and extracting hydrocarbon substances (Upstream), Saudi Aramco’s consolidated statement of income does not include gross profit.
- Other income related to sales was SAR 32.00 billion for the third quarter of 2025 (Q3 2024: SAR 48.00 billion, Q2 2025: SAR 28.31 billion). As a result, revenue and other income related to sales amounted to SAR 418.16 billion for the third quarter of 2025 (Q3 2024: SAR 464.63 billion, Q2 2025: SAR 407.14 billion).
- Other income related to sales was SAR 84.27 billion for the first nine months of 2025 (YTD 2024: SAR 128.71 billion). As a result, revenue and other income related to sales amounted to SAR 1,254.91 billion for the first nine months of 2025 (YTD 2024: SAR 1,373.08 billion).
* For further details related to adjusted net income, please refer to the Non-IFRS measures reconciliations and definitions section in the attached 2025 third quarter and nine months interim report. |
| Attached Documents |  |
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