Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) generated a net profit of SAR 4.13 billion for the first half (H1) of 2026, reversing a net loss of SAR 2.06 billion recorded during the same period in 2025.
The company attributed the recovery to increased plant utilization rates and higher sales volumes for refined and petrochemical products.
Revenues for the six-month period surged by 132.29% to SAR 35.22 billion, compared to SAR 15.16 billion a year earlier. The company noted that the previous year’s results were significantly impacted by a 60-day scheduled maintenance shutdown across all production units, which had curtailed output.
For the second quarter (Q2) of 2026, Petro Rabigh achieved a net profit of SAR 2.66 billion, up from a net loss of SAR 1.37 billion in Q2-5. Quarterly revenue reached SAR 20.37 billion, a 416.01% increase year-on-year (YoY).
Beyond improved market conditions and product margins, the company benefited from lower financing costs following the early repayment of certain long-term loans and a decline in benchmark interest rates.
Earnings per share (EPS) for H1-26 stood at SAR 2.47, versus a loss per share of SAR 1.23 a year ago.
As of 31 March 2026, Petro Rabigh registered net profits valued at SAR 1.46 billion, shifting from net losses of SAR 691 million in Q1-25.
