15 Hrs
Source:
الاقتصادية
SABIC Agricultural Nutrients Profit Falls 64% in Q2 2026
The article highlighted a significant decline in SABIC Agricultural Nutrients' profits during the second quarter of 2026, with profits decreasing by 64.2% year-on-year to 379 million riyals. Revenues also fell by 26.7% to 2.411 billion riyals, due to reduced sales volumes and supply chain challenges. Additionally, the first half of the year saw profits drop by 21.4% and revenues by 16.9% compared to the same period last year, attributed to weak sales and lower contributions from affiliated companies. Nevertheless, a cash dividend of 1.67 billion riyals was announced for the first half of 2026, with the dividend distribution date set for August 10, 2026. The primary cause of the decline was the decreased sales volumes and supply chain issues, despite an increase in the average selling prices of some products.
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