Q3 2025 Saudi Basic Industries Corporation SJSC Earnings Call Transcript
Key Points
- SABIC achieved a significant improvement in health and safety, with a 22% reduction in the total recordable incident rate compared to the same period last year.
- The company successfully completed the MTBE expansion project in Jubail, enhancing its fuel additives capacity and downstream integration.
- SABIC's digital transformation journey saw a major milestone with the successful implementation of the STAR program on SAP S/4HANA, enhancing productivity and reducing operating costs.
- The company introduced over 90 new products and solutions, expanding its low-carbon portfolio and achieving its first successful sale of certified low-carbon methanol.
- SABIC's financial strength is reflected in its net cash position and an 81% increase in free cash flow year-to-date, driven by disciplined capital expenditure management.
- SABIC's revenue for Q3 2025 was $9.2 billion, down 3% from the previous quarter due to the absence of licensing and engineering income.
- The company's EBITDA declined by 4% on an adjusted basis compared to the previous quarter, highlighting ongoing market headwinds.
- The petrochemical segment faced challenging market conditions with persistent global overcapacity, impacting prices and sales volumes.
- Despite a 45% increase in adjusted net income quarter-on-quarter, the year-to-date adjusted net income was lower than last year due to lower average selling prices.
- The chemicals market continues to face prolonged down cycles with weakened prices, delaying expected recovery and impacting SABIC's performance.
(audio in progress)
Please note that the call is being recorded. A transcript of the recording together with supplementary materials will be published on the Investor Relations web page on SABIC's website.
Today's earnings call will feature SABIC's CEO, Engineer Abdul Rahman Al-Fageeh; its CFO, Mr. Salah Al-Hareky; and its IRO, Mr. Naif AlAyed.
Naif will now take us through an outline of today's event.
Thank you, Sarah, and thanks to those of you who are joining the SABIC Q3 2025 earnings call. Let me begin by pointing out that the forward-looking statements will be made in this call. These statements are based on assumptions dealt with risk and uncertainty, so they are not a guarantee of SABIC's future performance. Actual outcome may differ materially from what the statements imply.
For the details about our forward-looking statements, please refer to the disclaimer in the presentation and in our financial reports, both of which are available at
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