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Sipchem swings to SAR 807M loss as revenues halve in H1-26
Revenues dropped 46% to SAR 2 billion as supply chain disruptions and unsold inventory drove a SAR 807 million H1 loss. Impairment charges and maintenance costs added pressure.
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Sahara International Petrochemical Company swung to a net loss of SAR 807.20 million in the first half of 2026, reversing a SAR 26.10 million profit from a year earlier. Revenues fell 46% to SAR 2 billion from SAR 3.87 billion.
The second-quarter loss widened to SAR 591.90 million from SAR 169.20 million in the same period last year. Sipchem blamed lower sales volumes on persistent supply chain disruptions and unsold inventory. Rising feedstock costs for butane, ethylene, and propane also weighed on margins.