What was SABIC's Q1 2026 net profit and what key factor drove the swing to profitability?

SABIC swung to a net profit of SAR 13.2 million ($3.5 million) in Q1 2026, driven primarily by a decrease in operating expenses linked to its strategic restructuring initiative launched in Q1 2025, as well as broader cost control and restructuring efforts.

How did SABIC's revenue and EBITDA margin perform in Q1 2026, and what were the main drivers behind the revenue change?

SABIC reported a 6% decrease in revenue to SAR 26.15 billion in Q1 2026, due to lower sales volume—partially offset by higher average selling prices—and maintained an EBITDA margin of 15.9% on both unadjusted and adjusted bases.

SABIC swings to net profit in Q1 on decrease in operating costs

Apr 29, 2026

SABIC swung to a Q1 net profit driven by cost reductions, while key chemical prices rose amid supply disruptions. The company confirmed progress on its Fujian project and a new tire manufacturing joint venture.

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SABIC swings to net profit in Q1 on decrease in operating costs

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