SABIC Q3 2026: Revenue up 14% and EBITDA up 40% Q-o-Q
- Revenue of SAR 28.17 billion, up 14% quarter-on-quarter.
- Adjusted EBITDA of SAR 4.75 billion, up 40% quarter-on-quarter.
- Adjusted EBIT of SAR 2.17 billion, up 434% quarter-on-quarter; adjusted net income SAR 0.84 billion versus an adjusted net loss of SAR (0.38) billion in the prior quarter.
- Final investment decision for an ammonia/urea complex (1.2 Mtpa ammonia; 2.6 Mtpa urea), methanol feedstock allocated for a 1.8 Mtpa plant, and completion of the Engineering Thermoplastics divestment for an enterprise value of $450 million.
Financial performance
SABIC reported revenue of SAR 28.17 billion in Q3 2026 and adjusted EBITDA of SAR 4.75 billion. Adjusted EBIT reached SAR 2.17 billion (a 434% increase Q-o-Q) and adjusted net income was SAR 0.84 billion, compared with an adjusted net loss of SAR (0.38) billion in the previous quarter. Adjusted earnings per share were SAR 0.28. Net debt was SAR 3.03 billion as of 30 September 2026, up from SAR 2.73 billion at 30 June 2026.
Operational and strategic actions
Key operational moves included a final investment decision to build an ammonia and urea industrial complex with annual capacities of 1.2 million tonnes for ammonia and 2.6 million tonnes for urea, and allocation of feedstock by the Ministry of Energy for a methanol plant with 1.8 million tonnes per year capacity. SABIC completed the divestment of its Engineering Thermoplastics business in the Americas and Europe for an enterprise value of $450 million as part of its Portfolio Optimization Programme.
Safety, transformation and local content
The company reported a Total Recordable Incident Rate of 0.06. SABIC quantified SAR 3.56 billion of recurring positive EBITDA impact achieved so far against a 2030 target of SAR 11.3 billion. It also received a Local Content Certificate for 2025 after achieving a Local Content Score above 61% in 2025, an increase of more than 9 percentage points versus 2024.
Source: SABIC