Sabic Reports Q2 Loss Of US$ 100 Million Amid Market Headwinds
Saudi petrochemical major Sabic reported a net loss of US$ 100 million in the second quarter of 2026, citing the impact of regional geopolitical tensions, supply chain disruptions and elevated energy costs.
Revenue declined 5 per cent year-on-year to US$ 6.62 billion. Adjusted EBITDA stood at US$ 900 million, while adjusted EBIT fell to US$ 110 million. Adjusted earnings per share were US$ 0.03.
The company’s net debt remained largely stable at US$ 730 million at the end of June 2026, compared to US$ 740 million at the end of March. Sabic also announced dividend payments of US$ 880 million for the first half of the year.
Despite challenging market conditions, Sabic continued to advance its operational efficiency, portfolio optimisation and transformation initiatives. Its Transformation Programme delivered recurring EBITDA improvements of US$ 547 million during the first half of 2026, supporting the company’s target of achieving US$ 3 billion in annual improvements by 2030.
Sabic said its supply chain adapted effectively to shifting trade routes during the quarter. Polymer shipments from Saudi Arabia’s eastern region to the west coast more than doubled, aided by the Red Sea Express container service. The company also completed its first west coast shipment of bagged and bulk urea through Sabic Agri-Nutrients.
As part of its portfolio optimisation strategy, Sabic said the divestment of its European petrochemicals business and engineering thermoplastics operations in the Americas and Europe, valued at US$ 950 million, remains on track.
