SABIC-

Saudi Basic Industries (Sabic) returned to the black after several quarterly losses, posting a net income of SAR 440 mn in 3Q 2025, though still down 56% y-o-y, it said in a disclosure to Tadawul yesterday. The results missed Bloomberg analysts’ net income expectations of SAR 729 mn. Meanwhile, revenues also dipped 6.9% y-o-y to SAR 34.3 bn.

The drivers: Lower selling prices and volumes continued to weigh on margins and utilization rates, partly offset by reduced operating costs from Sabic’s transformation program, and stronger earnings from associates and joint ventures.

An industry-wide glut: The quarter reflected a “moderately improving” global backdrop, but persistent industry overcapacity and weak demand continued to pressure gains, CEO Abdulrahman Al Fageeh commented in the earnings release (pdf). The global chemicals downturn has similarly hit other producers, leading to asset sales and project closures across the sector, Bloomberg reports.

On a 9M basis, Sabic recorded a net loss of SAR 4.8 bn, down from a net income of SAR 3.4 bn over the same period last year. Revenues also inched down 0.8% y-o-y to SAR 104.5 bn.

REMEMBER- Fitch affirmed Sabic’s A+ (stable) credit rating last month, citing its cost leadership, geographic diversification, and conservative financial profile. Meanwhile, the company is reportedly stalling progress on the potential IPO for its subsidiary, National Industrial Gases (Gas) after cancelling investor meetings.

Looking ahead, Sabic expects a slight increase in sales volumes in 4Q and will continue cost reductions under its restructuring program, which has already delivered USD 300 mn in cost savings this year, Al Fageeh said at a press conference (watch, runtime: 13:24). The company is also reviewing its asset portfolio and maintained its capex forecast of USD 3-3.5 bn, expressing confidence in its ability to navigate market volatility. Meanwhile, Bloomberg analysts expect Sabic to face continued pressure from an oversupply in key petrochemical products and weak pricing, though Sabic’s diversified portfolio and fixed feedstock costs should provide some support.

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AMERICANA-

ADX and Tadawul-listed F&B giant Americana Restaurants posted a net income of USD 42.9 mn in 3Q 2025, up 14.7% y-o-y, according to an earnings release (pdf). Revenue also rose 12.2% to USD 622.7 mn during the quarter.

For the first nine months of the year, net income grew 15.3% y-o-y to USD 135.4 mn, while revenue climbed 14.4% to USD 1.6 bn on the back of stronger sales, portfolio expansion, menu innovation, digital engagement, and operational efficiency, according to the release. The company opened 68 new stores and integrated 46 restaurants from Pizza Hut Oman, bringing the total store count to some 2.7k across 12 countries.

Americana maintained a net income margin of 7.4%, the same as last year, despite USD 11.3 mn in new taxes resulting from regulatory changes in key markets and a high comparison base from 9M 2024.

ARABIAN DRILLING-

Arabian Drilling reported a net loss of SAR 9.4 mn in 3Q 2025, compared with SAR 84.8 mn in net income during the same period last year, it said in a disclosure to Tadawul yesterday. Meanwhile, revenue edged down 3.2% y-o-y to SAR 835.4 mn over the quarter. The dip was attributed to lower rig activity in both offshore and land segments, partially offset by unconventional activity kicking off in 1Q 2025.

On a 9M basis, the company’s net income dropped 70.8% y-o-y to SAR 73.3 mn, while revenue declined 5.8% y-o-y to SAR 2.6 bn.

Looking ahead: The company expects to resume operations for two offshore and three onshore rigs in the Kingdom in 1Q 2026, restoring about half of its capacity, CEO Ghassan Mirdad told Asharq Business (watch, runtime: 3:34). The company’s focus is on restarting the rigs quickly, adding that five others are bidding in overseas tenders and that no new acquisitions are planned for now.

LUBEREF-

Saudi Aramco Base Oil Company (Luberef) saw its net income rise 23.4% y-o-y to SAR 278.8 mn in 3Q 2025, buoyed by increased crack margins for base oil and by-products, it said in a disclosure to Tadawul yesterday. Meanwhile, revenue slipped 13.6% to SAR 2.2 bn on the back of reduced prices and sale volumes for base oil and by-products.

On a 9M basis, the company’s bottom line dipped 2.4% y-o-y to SAR 745.5 mn, while its top line was down 11.8% y-o-y to SAR 6.5 bn.

ALMOOSA HEALTH-

Almoosa Health Company reported an 84.9% y-o-y rise in net income to SAR 51.6 mn in 3Q 2025, supported by higher patient volumes and the opening of new medical centers in Al Ahsa and Al Khobar, it said in a disclosure to Tadawul (pdf) yesterday. Meanwhile, revenue rose 15.5% y-o-y to SAR 356.4 mn on growth across inpatient and outpatient services and expanded specialty offerings.

On a 9M basis, Almoosa’s net income surged 282.6% y-o-y to SAR 154.5 mn, while revenue climbed 18.2% y-o-y to SAR 1 bn.

ALSO- The company’s board approved a SAR 15.5 mn dividend payout for 3Q 2025 at SAR 0.35 apiece, it said in a separate disclosure. The distribution date is set for Thursday, 20 November.

ELM COMPANY-

Elm Company’s net income rose 12.2% y-o-y to SAR 559 mn in 3Q 2025, despite higher operating and finance expenses, it said in a disclosure to Tadawul. Meanwhile, revenue jumped 35.5% y-o-y to SAR 2.5 bn, driven by strong demand for digital transformation and outsourcing solutions.

On a 9M basis, the company’s net income increased 23.7% y-o-y to SAR 1.6 bn, while revenue grew 26.1% y-o-y to SAR 6.7 bn.

UMM AL QURA-

Umm Al Qura for Development and Construction’s net income soared 341.9% y-o-y to SAR 516.6 mn in 3Q 2025, reaching an all-time high on the back of higher revenues from land sales for hospitality and residential projects, it said in a disclosure to Tadawul (pdf) yesterday. Similarly, revenue surged 374.7% y-o-y to SAR 1.3 bn, marking the company’s “strongest quarterly financial results to date,” CEO Yasser Abuateek said.

By the end of the quarter, Umm Al Qura finalized agreements for 62 out of 204 investment plots — around 30% of its total land bank — covering land sales, leases, and joint ventures.

Over the first nine months, the company’s net income rose 195.4% y-o-y to SAR 912.9 mn, supported by a 137.2% increase in revenue to SAR 2.4 bn.

WALAA COOPERATIVE INS.-

Walaa Cooperative Ins. turned to the red with a net loss of SAR 9.7 mn y-o-y in 3Q 2025, compared to a net income of SAR 20.1 mn a year earlier, it said in a filing to the bourse yesterday. The decline was driven by higher net ins. service losses by the motor and property and specialty non-linked segments, lower net investment income, and higher operating expenses. Ins. revenues also edged down 2.6% y-o-y to SAR 874.2 mn.

On a 9M basis, the company saw a net loss of SAR 127 mn, down from a net income of SAR 84.4 mn, while ins. revenues slipped down 4.5% y-o-y to SAR 2.3 bn.

Saudi Chemical-

Saudi Chemical saw its net income increase 19.5% y-o-y to SAR 87.2 mn in 3Q 2025, boosted by higher operating income, lower joint venture losses, and reduced derivative revaluation losses, it said in a disclosure to Tadawul yesterday. Meanwhile, revenue jumped 32.1% y-o-y to SAR 1.8 bn, on the back of higher sales volumes.

On a 9M basis, its bottom line edged up 0.6% y-o-y to SAR 238.5 mn, while revenue saw a 12.7% y-o-y uptick to SAR 5.2 bn.

SADAFCO-

Saudia Dairy and Foodstuff Company (Sadafco) reported a 34.6% y-o-y increase in net income to SAR 184.5 mn in 3Q 2025, supported by higher sales and a one-off gain from the sale of a property in Riyadh, it said in a Tadawul disclosure yesterday. Revenue edged up 2.1% y-o-y to SAR 806.5 mn, as the company maintained its market leadership in key categories.

Over the first nine months, the company’s bottom line grew 9.5% y-o-y to SAR 428.3 mn, while its topline rose 6.3% y-o-y to SAR 2.4 bn.

SPIMACO-

Saudi Pharma Industries and Medical Appliances (Spimaco) reported SAR 43.6 mn in 3Q 2025 net income, compared to a net loss of SAR 9.3 mn in the same quarter last year, according to its earnings release (pdf) published yesterday. The growth is attributed to a reduction in G&A expenses and impairment charges, and an increase in other income. Meanwhile, revenue declined 7.2% y-o-y to SAR 415.3 mn due to an 18% decline in private sales revenue and a 36% drop in international sales revenue.

On a 9M basis, the company saw its bottom line surge 220.3% y-o-y to SAR 154.7 mn, while its top line inched up 0.3% y-o-y to SAR 1.3 bn.

SAUDI GERMAN HEALTH-

Saudi German Health’s net income fell 36.9% y-o-y to SAR 40.3 mn in 3Q 2025, weighed down by higher operational and administrative expenses and a larger share of losses from Al Sobh Investment Holding Limited Hospital, which recently began operations, it said in a filing to the bourse yesterday. Meanwhile, revenues rose 5% y-o-y to SAR 769 mn, thanks to higher inpatient and outpatient volumes and the expansion of operational bed capacity across select facilities.

On a 9M basis, net income increased 54.7% y-o-y to SAR 264.1 mn while revenues were up 7.5% y-o-y to SAR 2.3 bn.

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