Sigma Capital

04-11-2026

Saudi Aramco Base Oil Company- Luberef announces its Interim Financial results for the Period Ending on 2026-09-30 (Nine Months)

Source: MIST

Tadawul-


Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change
Sales/Revenue 2,775,975 2,157,251 28.681 3,418,578 -18.797
Gross Profit (Loss) 580,558 363,700 59.625 857,002 -32.257
Operational Profit (Loss) 534,860 292,556 82.823 748,466 -28.539
Net Profit (Loss) Attributable to Shareholders of the Issuer 536,188 278,826 92.302 734,097 -26.959
Total Comprehensive Income Attributable to Shareholders of the Issuer 504,682 283,780 77.842 711,897 -29.107
All figures are in (Thousands) Saudi Arabia, Riyals


Element List Current Period Similar Period For Previous Year %Change
Sales/Revenue 8,352,960 6,534,317 27.832
Gross Profit (Loss) 1,765,841 971,529 81.758
Operational Profit (Loss) 1,546,631 776,037 99.298
Net Profit (Loss) Attributable to Shareholders of the Issuer 1,528,253 745,531 104.988
Total Comprehensive Income Attributable to Shareholders of the Issuer 1,478,448 735,741 100.946
Total Shareholders Equity (after Deducting Minority Equity) 4,799,411 4,447,270 7.918
Profit (Loss) per Share 9.08 4.43
All figures are in (Thousands) Saudi Arabia, Riyals


Element List Amount Percentage Of The Capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Thousands) Saudi Arabia, Riyals


Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is In Q3 2026, Luberef recorded revenue of SAR 2.8 billion, compared to SAR 2.2 billion in Q3 2025. While sales volumes decreased, the company benefited from better selling prices and remained resilient in challenging market conditions. Despite ongoing industry and logistical challenges, this improvement highlight Luberef's continued strength and commitment to delivering solid financial performance.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is In Q3 2026, Luberef recorded a significant increase in net profit, reaching SAR 536 million, compared to SAR 279 million in Q3 2025. The improvement in profitability was mainly driven by stronger base oil and by-product crack margins, supported by efficient and agile response to logistical challenges coupled with reliable performance. Despite ongoing industry and logistical challenges, this improvement highlight Luberef's continued strength and commitment to delivering solid financial performance.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is In Q3 2026, Luberef recorded revenue of SAR 2.8 billion, compared to SAR 3.4 billion in Q2 2026. The decline was mainly driven by lower base oil and by-product sales volumes due to the geopolitical disruptions. Despite ongoing disruptions, Luberef maintained stable operations and remained focused on managing its financial performance.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is In Q3 2026, Luberef recorded net profit of SAR 536 million, compared to SAR 734 million in Q2 2026. The decline was mainly driven by lower base oil sales volumes and crack margins. Despite ongoing geopolitical disruptions, Luberef maintained stable operations and remained focused on managing its financial performance.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is During the current period, Luberef recorded revenue of SAR 8.4 billion, compared to SAR 6.5 billion in the same period of 2025 as a result of higher base oil and by-product prices. Despite lower sales volumes, this positive performance was achieved amid challenging market conditions and ongoing logistical disruptions.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is During the current period, Luberef recorded a notable improvement in net profit, reaching SAR 1.5 billion, compared to SAR 746 million in the same period of 2025. This improvement was primarily driven by higher crack margins, supported by efficient and agile response to logistical challenges coupled with reliable performance, despite lower sales volumes and ongoing geopolitical challenges.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) None
Reclassification of Comparison Items None
Additional Information -