Kimannool reports 2025 loss of 479.7M Riyals

Methanols Chemicals Company "KEMAPCO" incurred losses of 479.7 million SAR in 2025, compared to losses of 278.6 million SAR in the previous year. Revenue declined by 11.85% to 621.9 million SAR, due to lower prices, decreased sales volumes, and rising production costs. The company also recorded losses from a decrease in the value of assets of its subsidiaries amounting to 280.4 million SAR in the second quarter. Its accumulated losses reached 551.3 million SAR, equivalent to 82% of its capital. The company is implementing a restructuring plan that includes capital reduction and the issuance of preferred rights, and has called its shareholders to a meeting in July to assess its continued operations.

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