StocksMedium•4 November 2026•
1 min read
Luberef 9-Month Net Income Jumps 105% to SAR 1.52 Billion
Key Facts
1Luberef reported a 9M 2026 net income of SAR 1.52 billion, a 105% increase year-on-year.
2Q3 net earnings rose 92.3% to SAR 536.2 million driven by improved base oil margins.
3The company announced shifting the scheduled shutdown of the Yanbu Growth II plant to H1 2027.
Luberef reported a net income of SAR 1.52 billion for the first nine months of 2026, marking a 105% increase year-on-year. According to a statement on Tadawul, third-quarter net earnings rose by 92.3% to reach SAR 536.2 million, driven by improved base oil margins.
The company attributed the profit surge to higher selling prices for base oils and improved crack margins, despite a sequential decline from the second quarter of 2026. Additionally, Luberef announced shifting the scheduled maintenance shutdown of the Yanbu Growth II plant to the first half of 2027.