Net profit of Yanbu National Petrochemical Company (Yansab) jumped 482% in the second quarter of 2026 to SAR 258.8 million, compared to a net profit of SAR 44.5 million in the same quarter of the previous year.

According to a company statement on 'Saudi Stock Exchange (Tadawul)', the rise in net profit is mainly due to higher average selling prices for all products compared to the same quarter, along with the company's continued achievement of distinguished levels of plant reliability, which reflected on operational efficiency, despite higher costs of some production inputs, in addition to recording provisions totaling SAR 104 million.

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At the level of the period ending June 30, 2026 (six months), the company recorded a net profit of SAR 270 million, compared to SAR 58.2 million in the same period of the previous year, representing an increase of 364%. The rise in net profit during this period is due to higher average selling prices for all products compared to the same period of the previous year, along with the company's continued achievement of distinguished levels of plant reliability, which reflected on operational efficiency, despite higher costs of some production inputs, in addition to recording provisions totaling SAR 104 million. The company noted that during the first quarter of 2026, it announced the scheduled shutdown of the 'Ethylene Glycol' plant for preventive maintenance from January 25, 2026 to February 17, 2026, as announced on the Saudi Stock Exchange (Tadawul) website on January 22, 2026 and February 18, 2026.