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SABIC Fertilizers Profit Falls in Q3
Sabic Agricultural Nutrients Company’s third-quarter 2026 results showed a 62.48% decline in profits year-over-year, with net profit decreasing to 484 million SAR from 1.29 billion SAR in the same period last year. This was due to lower sales volumes, increased selling and shipping expenses caused by supply chain challenges, and a decline in the results of some affiliated companies and joint ventures. Nevertheless, the company experienced a 33.55% increase in revenue compared to the previous quarter, and net profit rose by 27.7% on a quarterly basis, despite ongoing supply chain challenges and cost impacts. For the first nine months of 2026, net profit decreased by 37.34% to 2.09 billion SAR, with declines in revenue and gross profit, driven by lower sales volumes and higher expenses, despite an increase in average selling prices.
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