YANSAB H1 2026 Net Profit Surges 364% on Higher Prices
Yanbu National Petrochemical Co. (YANSAB, 2290) posted a net profit of SAR 270 million for the first half of 2026, a 364% increase year-on-year, supported by higher average selling prices and reliable plant operations. Revenue also grew 10% to SAR 3.2 billion.
Key Numbers
Yanbu National Petrochemical Co. (YANSAB) (2290) announced its interim financial results for the six months ended June 30, 2026, reporting a net profit of SAR 270 million, up 363.9% from SAR 58.2 million in the same period last year. The growth was primarily driven by higher average sales prices across all products and consistently strong plant reliability.
Key Financial Results
| Metric | H1 2026 | H1 2025 | Change |
|---|---|---|---|
| Revenue | SAR 3,199M | SAR 2,906M | +10.08% |
| Net Profit | SAR 270M | SAR 58.2M | +363.9% |
On a quarterly basis, Q2 2026 revenue rose 42.33% to SAR 1,878.9 million from SAR 1,320.1 million in Q1 2026. Net profit jumped 2,210.7% to SAR 258.8 million compared to SAR 11.2 million in the previous quarter, driven by the same pricing and operational tailwinds, partially offset by higher input costs and provisions of SAR 104 million.
Highlights from the Statement
The company attributed the profit increase to:
- Higher average selling prices across all products.
- High plant reliability levels.
- Improved operational performance.
Challenges included higher costs for certain production inputs and provisions totaling SAR 104 million. Additionally, a scheduled turnaround of the ethylene glycol plant for preventive maintenance (Jan 25 – Feb 17, 2026) negatively impacted Q1 results.
Guidance
No specific forward guidance was provided in the announcement.
Impact on the Stock
The strong earnings beat is likely to positively influence YANSAB's stock (2290) in the upcoming trading session.
What This Means for Investors
YANSAB's results show a significant improvement in financial performance driven by market and operational factors. However, investors should consider the provisions and rising input costs that may continue to pressure margins.
Frequently Asked Questions
Found this useful? Share it