Yansab Q2 profits rise 481.6 percent
The preliminary financial results of Yanbu National Petrochemical Company (Yansab) showed a 481.57% year-on-year increase in net profit for the second quarter of 2026, reaching 258.8 million SAR. This growth was driven by higher average selling prices and improved operational efficiency, despite increased costs of some production inputs and the recording of provisions totaling 104 million SAR. Revenues also rose by 34.79% to 1.88 billion SAR. The company achieved a 363.92% growth in net profit for the first half of the year, reaching 270 million SAR compared to 58.2 million SAR in the same period of 2025. Nevertheless, equity decreased by 7.35% to 10.47 billion SAR.
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