Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) incurred net losses valued at SAR 3.29 billion in the first nine months (9M) of 2025, down 12.56% year-on-year (YoY) from SAR 3.76 billion.
The loss per share stood at SAR 1.97 at the end of September 2025, an annual drop from SAR 2.25, according to the financial results.
Similarly, the revenues fell by 11.33% YoY to SAR 24.35 billion in 9M-25 from SAR 27.47 billion.
Petro Rabigh suffered accumulated losses amounting to SAR 8.57 billion as of 30 September 2025, representing 51.29% of its capital.
Results for Q3-25
In the third quarter (Q3) of 2025, the Saudi group witnessed 4.92% YoY lower net losses at SAR 1.23 billion, compared to SAR 1.30 billion.
Meanwhile, the revenues declined by 5.90% to SAR 9.19 billion in July-September 2025 from SAR 9.77 billion in 9M-24.
Quarterly, the Q3-25 net losses retreated by 9.51% when compared to SAR 1.36 billion in Q2-25, whereas the revenues hiked by 132.96% from SAR 3.94 billion.
In October, the Saudi Arabian Oil Company (Aramco) became Petro Rabigh’s largest shareholder with a stake of nearly 60% after acquiring an additional 22.50% equity in the latter.
