Sabic turns to a loss but pays $2.4bn dividend in 2025

Saudi Basic Industries Corp (Sabic) will pay an interim dividend for the second half of 2025 despite reporting a net loss last year.

The petrochemicals company, 70 percent owned by Saudi Aramco, will pay SAR4.5 billion ($1.2 billion), or SAR1.5 per share, in dividends for the period between July and December 2025, it said in a disclosure on the Saudi stock exchange on Wednesday. 

The number of shares eligible to receive dividends is 3 billion.

Total dividend for 2025 reached SAR9 billion, with SAR4.5 billion paid in the first half of 2025.

The payout comes despite revenues falling 1 percent year on year to SAR117 billion in 2025. 

Net income attributable to shareholders turned to a loss of SAR26 billion, compared with a net profit of SAR 1.5 billion in 2024. Losses from discontinued operations increased by SAR21 billion year on year, due to the divestment of businesses in the Americas and Europe, and to an impairment provision from the permanent closure of its Olefins 6 cracker plant in Teesside, UK.

However, cash flow reached SAR7.2 billion in 2025, up 17 percent from 2024. This was driven by efficient use of working capital and a $380 million reduction in capital expenditure.

Sabic shares closed 4.2 percent higher at SAR54.40 on March 3, up 6 percent so far this year.

Further reading:

• Sabic fertiliser subsidiary to pay $454m dividend
• Sabic delays plans for IPO of industrial gases unit
• Gloomy outlook for Saudi petrochemicals