SABIC Agri-Nutrients H1 Net Profit Falls 21% to SAR 1.6B
SABIC Agri-Nutrients Co. (2020) posted a net profit of SAR 1.606 billion for the first half of 2026, a 21.4% decline year-on-year, while revenue fell 16.9% to SAR 5.285 billion, impacted by supply chain issues.
Key Numbers
SABIC Agri-Nutrients Co. (Tadawul: 2020) announced its interim financial results for the six months ended June 30, 2026, reporting a net profit attributable to shareholders of SAR 1,606 million, down 21.428% from SAR 2,044 million in the same period last year. Revenue declined 16.915% to SAR 5,285 million from SAR 6,361 million.
Key Financial Results
| Metric | H1 2026 | H1 2025 | Change |
|---|---|---|---|
| Revenue | SAR 5,285M | SAR 6,361M | -16.9% |
| Net Profit | SAR 1,606M | SAR 2,044M | -21.4% |
| EPS (not disclosed) | - | - | - |
| Total Equity | SAR 21,192M | SAR 20,156M | +5.1% |
Key Highlights
The company attributed the revenue decline to lower sold quantities due to supply chain challenges, partially offset by higher average selling prices for most products. The steeper drop in net profit relative to revenue was further driven by a lower share of results from an associate and a joint venture.
On a quarterly basis, Q2 2026 revenue fell 16.109% to SAR 2,411 million from SAR 2,874 million in Q1 2026, while net profit plunged 69.111% to SAR 379 million from SAR 1,227 million, reflecting the same factors.
Guidance
No forward guidance was provided in the announcement.
Stock Impact
The stock is likely to face downward pressure given the sharp profit decline, especially in Q2. However, the improvement in average selling prices may provide some support.
What This Means for Investors
The results underscore ongoing supply chain pressures on volumes, though partial price improvements offer a buffer. Investors will watch for stabilization in supply chains in the second half.
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