Chemanol Suspension Drags On as 2025 Audit Remains Open

Methanol Chemicals Company (Chemanol) told the Saudi Exchange on Wednesday it still cannot publish its first-quarter 2026 interim results because the audit of its 2025 annual financial statements is incomplete. The filing follows a similar notice on 11 May that flagged the same problem.

The company said the delay is procedural. The external auditor is still reviewing documentation for the 2025 fiscal year. Until that audit closes, the Q1-26 figures cannot be released.

Shares have been suspended under Tadawul listing rules, which require a halt when a listed company misses the statutory deadline for financial results. The suspension stays in place until the reporting backlog is cleared.

Chemanol stated there are no direct costs from the postponement and that the delay does not affect its current financial position. It described the issue as a compliance matter, not a change in its underlying health.

Still, the suspension blocks price discovery indefinitely. Each month without published results extends the period of limited liquidity. The company has no specific completion date for the 2025 audit, leaving the timeline uncertain.

Tadawul's rules give listed companies a fixed window to report. Chemanol has now missed that window for Q1-26, and the root cause is a prior-year audit that has not closed. Until the auditor signs off on 2025, the company cannot move forward with the current quarter's filing.

Chemanol committed to monthly updates on the audit's progress and the timeline for the Q1-26 results. It also promised immediate disclosure if any material development occurs before the next scheduled update. The next update will come within roughly 30 days. If the audit remains open at that point, the suspension will continue.