Saudi Kayan Petrochemical Company (Saudi Kayan) continued to record high quarterly losses in the second quarter of this year, with its losses rising by 35.5 percent year-on-year to 672.8 million riyals ($179.4 million), compared to 496.4 million riyals ($132.4 million) in the same period last year.

On a quarterly basis, the company's losses rose by 9.5 percent compared to the first quarter of this year, recording losses of 615 million riyals ($163.9 million).

The company explained in a statement published on the Saudi Stock Exchange (Tadawul) website on Wednesday that its revenues declined by 10 percent in the second quarter to 2 billion riyals ($533 million), compared to 2.23 billion riyals ($595 million) in the same period last year, due to lower sold volumes amid supply chain challenges, despite higher average product selling prices.

The company attributed the year-on-year increase in losses to higher average cost of certain production inputs, along with lower sold volumes.

During the first half of 2026, the company's losses rose by about 1.2 percent to 1.28 billion riyals ($341.3 million), compared to 1.27 billion riyals ($338.7 million) in the same period of 2025.

The company's sales also dropped in the first half by 18.6 percent to 3.49 billion riyals ($930.7 million), compared to 4.29 billion riyals ($1.14 billion) in the same period last year, impacted by lower sold volumes due to supply chain challenges, despite higher average product selling prices.