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KMNOL reports Q1 losses of 46.36M SAR
Methanols Chemicals Company ("Kimanol") reported a net loss of 46.36 million SAR for the first quarter of 2026, representing an increase of 3.8% compared to the same period last year. The company shifted from profit to loss compared to the previous quarter. The rise in losses is primarily due to a 23% decrease in sales volumes, despite the company's efforts to improve costs and the challenges posed by geopolitical issues that affected shipping routes and prices. This situation led to a 25% decline in revenues. To maintain supply continuity, shipments were routed through alternative pathways, especially since approximately 67% of the company's sales are dependent on international markets.
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