SABIC to Discuss Third-Quarter Results on October 26; Analysts Expect Profit of SAR 86.26 Million
Key Facts
Saudi Basic Industries Corp. (SABIC) plans to present and discuss its financial results for the third quarter of 2026 on Monday, October 26, at 3:30 p.m. Saudi time, the company said. The date follows the circulation of a draft attributing results to the company that had not been announced as of October 25. Analysts expect SABIC’s average net profit to reach SAR 86.26 million in the third quarter, compared with profit of SAR 435.5 million in the same period a year earlier. Those forecasts set up the forthcoming announcement against a year-on-year decline in expected profit. Actual results have not yet been released, and the company’s scheduled discussion will provide its quarterly figures and details.
The anticipated results differ from the third-quarter figures SABIC Agri-Nutrients announced: the earlier draft conflated the parent company with that subsidiary and attributed rising profits alongside lower revenue to SABIC. As of October 25, SABIC had not announced its third-quarter results, and the cited MarketScreener page does not support the figures in the draft. The report therefore concerns the parent company’s announcement date and analysts’ forecasts, not actual results that have yet to be released. SABIC’s latest published quarterly performance was its second-quarter 2026 results, when it reported revenue of SAR 24.81 billion, down 5% quarter on quarter. This provides a baseline ahead of the third-quarter figures.
SABIC also reported adjusted earnings before interest, taxes, depreciation and amortization of SAR 3.38 billion in the second quarter, down 18% from the first quarter. The company posted an adjusted net loss of SAR 0.38 billion in the same quarter. SABIC attributed the revenue decline mainly to lower sales volumes, partly offset by higher average selling prices across its key products. The company’s explanation of second-quarter performance thus combined the effects of volumes and prices, while adjusted profitability figures showed a quarterly decline. The third-quarter results will be watched for the figures the company reports and how they compare with analysts’ expectations.
SABIC’s revenue in the first quarter of 2026 was SAR 26.15 billion, down 6% quarter on quarter, while adjusted net income was SAR 816 million. For the previous year, company data showed revenue of SAR 116.53 billion in 2025, compared with SAR 117.74 billion in 2024, while the company incurred a loss from continuing operations of SAR 1.53 billion in 2025. These figures provide broader financial context for the upcoming results, covering prior quarters and the published annual outcome. Chief Executive Faisal Al-Faqeer said the company continues to implement an agenda that includes "portfolio optimization, corporate transformation and selective growth," while prioritizing operational excellence. SABIC is scheduled to present and discuss its third-quarter results on October 26 at 3:30 p.m. Saudi time.