Advanced Petrochemical’s estimated net income rose 56.5% y-o-y to SAR 72 mn in 3Q 2025, supported by the absence of a SAR 30 mn impairment provision related to its investment in South Korean petrochemical firm SK Advanced, it said in a Tadawul filling on Thursday. The provision had weighed on 3Q 2024 earnings.

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The company’s revenue climbed 58.3% y-o-y to over SAR 1 bn during the quarter, driven by an 82% increase in sales following the start of operations at two polypropylene production lines under Advanced Polyolefins. The company also benefited from lower feedstock costs, with prices of purchased propane decreasing by 23% and propylene by 9%.

On a 9M basis, the company’s bottom line reached SAR 225 mn, a sharp increase from SAR 29 mn over the same period last year, while its top line rose 44.5% y-o-y to over SAR 2.3 bn.

Looking ahead, sales are expected to continue growing in 4Q 2025, thanks to both polypropylene plants reaching their full operating capacity in September, CEO Mamdouh Al Amri told Argaam. The margins for the two plants are set to widen between 10-20% compared to other facilities, Al Amri told Al Arabiya separately.

The company plans to introduce new products by blending ethylene and propane gases in 2Q 2026, along with boosting the efficiency of the two plants. The company is also eyeing increasing its footprint in the European markets after setting up an office for its arm Advanced Global Marketing there last month, Al Amri told Asharq Business (watch, runtime: 08:43).

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