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 SAR 672.8 million ($179.4 million), compared to SAR 496.4 million ($132.4 million) in the same period last year.

On a quarterly basis, the company's losses increased by 9.5 percent compared to the first quarter of this year, recording losses of SAR 615 million ($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 SAR 2 billion ($533 million), compared to SAR 2.23 billion ($595 million) in the same period last year, due to lower quantities sold because of supply chain challenges, despite higher average selling prices of products.

The company attributed the increase in its losses year-on-year to higher average cost of some production inputs, in addition to lower quantities sold.

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

The company's sales also declined during the first half by 18.6 percent to SAR 3.49 billion ($930.7 million), compared to SAR 4.29 billion ($1.14 billion) in the same period last year, affected by lower quantities sold due to supply chain challenges, despite higher average selling prices of products.