{"id":107981,"date":"2026-04-27T00:00:00","date_gmt":"2026-04-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=107981"},"modified":"2026-04-27T03:20:11","modified_gmt":"2026-04-27T03:20:11","slug":"petro-rabigh-back-in-the-black-ends-four-year-loss-streak","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/04\/27\/petro-rabigh-back-in-the-black-ends-four-year-loss-streak\/","title":{"rendered":"Petro Rabigh back in the black, ends four-year loss streak"},"content":{"rendered":"

Earnings season is in full swing<\/strong>, with Petro Rabigh, Yanbu National Petrochemical, Saudi Kayan Petrochemical, and more out with their 1Q 2026 earnings. <\/p>\n

\n

Petro Rabigh<\/p>\n

Petro <\/strong>Rabigh<\/strong> swung into the black for th<\/strong>e first time in <\/strong>four year<\/strong>s<\/strong>, posting a net income of SAR 1.5 bn in 1Q 2026 compared to a SAR 691 mn loss a year earlier, it said in a Tadawul disclosure<\/a>. The firm\u2019s revenue rose 32.4% y-o-y to SAR 14.9 bn during the quarter. The turnaround was driven by higher sales of refined and petrochemical products and a late-quarter uplift in refined product prices amid tighter supply-demand conditions and market volatility. Lower financing costs further supported the results.<\/p>\n

The company\u2019s accumulated losses also fell below the 20% threshold to 14.8% of share <\/strong>capital<\/strong>, or SAR 2.5 bn, following a capital reduction, according to a separate disclosure<\/a>. Share capital was cut to SAR 16.7 bn from SAR 22 bn, with the nominal value of Class A ordinary shares reduced to SAR 6.85 from SAR 10, resulting in a SAR 5.3 bn write-off to partially offset accumulated losses.<\/p>\n

\n

Yansab<\/p>\n

Yanbu National Petrochemical Co. (Yansab)<\/strong> recorded<\/a><\/strong> an <\/strong>18.2% y-o-y <\/strong>drop<\/strong> in <\/strong>net income to SAR 11.2 mn in 1Q 2026<\/strong>, well below Bloomberg analyst expectations<\/a> of SAR 42.6 mn. Weaker product pricing, lower sales volumes, and scheduled plant maintenance shutdowns underpinned the decline. Revenue also fell 12.7% y-o-y to SAR 1.3 bn over the same period.<\/p>\n

\n

Saudi Kayan<\/p>\n

Saudi Kayan <\/strong>Petrochemical saw its net loss <\/strong>narrow<\/a><\/strong> 20.1% y-o-y in 1Q <\/strong>2026 <\/strong>to SAR 614.6 mn, driven by lower raw material costs and reduced general and administrative expenses. Meanwhile, revenue declined 27.8% y-o-y to SAR 1.5 bn, weighed down by a dip in prices and lower sales volumes.<\/p>\n

\n

Sadafco<\/p>\n

Saudia <\/strong>D<\/strong>airy and Foodstuff Co.\u2019s (Sadafco) net income fell around 35% y-o-y <\/strong>in 1Q 2026 to SAR 82 mn<\/strong>, it said in a Tadawul disclosure<\/a>. Management attributed the drop to higher raw material and fuel costs and rising inflation. Its topline dropped around 2.6% y-o-y to SAR 737.6 mn for the same period, owing to a decline in sales stemming from price corrections. <\/p>\n

\n

Arabian Cement<\/p>\n

Arabian Cement<\/strong> Co<\/strong>mpany\u2019s net income rose 153.8% y-o-y in 1Q 2026 <\/strong>to SAR 59.9 mn, thanks to higher selling and export volumes and lower depreciation costs, according to a Tadawul disclosure<\/a>. Meanwhile, revenues rose around 5% y-o-y to SAR 250.2 mn in the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"

Petro Rabigh\u2019s accumulated losses also retreated below the regulatory warning threshold<\/p>\n","protected":false},"author":1,"featured_media":107982,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[285,10,1053,556,2815],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-enterpriseam-ksa","tag-petro-rabigh","tag-saudi-kayan","tag-yansab","wpautop","entry"],"acf":{"mongo_id":"5baa1b21-56f1-4d0f-9a69-7b303b0da5d0","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/989.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Petro Rabigh ends loss streak","related_issue":[107970],"teaser":"Petro Rabigh\u2019s accumulated losses also retreated below the regulatory warning threshold"},"yoast_head":"\nPetro Rabigh back in the black, ends four-year loss streak - 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