“Refineries” turns profitable with 1.6 million riyals in the third quarter of 2025

The Saudi Arabian Refineries Company turned profitable in the third quarter of 2025 with 1.6 million riyals, compared to losses of 14.4 million riyals in the same quarter of last year.

According to the company’s statement on the website "Saudi Arabia trading"The reason for the increase in net profit during the current quarter compared to the same quarter of the previous year is due to the following reasons:

• Increased revenues during the current quarter, resulting from the re-evaluation of the investment portfolio owned by the company.

• Decrease in operating expenses during the current quarter.

Despite:

• Decrease in revenues from dividends during the current quarter resulting from investment in the stock market within the investment portfolio owned by the company.

• A decrease in the company’s share of profits during the current quarter resulting from investment in associated companies (Arab Tank Company).

The reason for the increase in net profit during the current quarter compared to the previous quarter is due to the following reasons:

• An increase in revenues during the current quarter resulting from the re-evaluation of the investment portfolio owned by the company.

• An increase in revenues from dividends during the current quarter resulting from investment in stocks through the investment portfolio owned by the company.

• An increase in the company’s share of profits during the current quarter resulting from investment in associate companies (the Arab Tank Company).

Despite:

• An increase in operating expenses during the current quarter.

The reason for the decrease in net profit during the current period (9 months) compared to the similar period of the previous year is due to the following reasons:

• An increase in the value of the zakat provision during the current period.

• High operating expenses during the current period.

Despite:

• Reduced unrealized losses during the current period resulting from investing in stocks within the investment portfolio owned by the company.

• An increase in the company’s share of revenues during the current period resulting from investment profits in associate companies (Arab Tank Company).

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