“Advanced” turns profitable with 226 million riyals in 2025

Advanced Petrochemical Company turned profitable in 2025, with 226 million riyals, compared to losses of 259 million riyals in 2024.

According to the company’s statement on the website "Saudi Arabia trading"The increase in net profit in 2025 compared to net losses in 2024 is mainly due to: an increase in net revenues.

The reasons included: a decrease in the prices of purchased propane and propylene by 17% and 4%, respectively.

The company noted that no losses were recorded from the investment share in SK Advanced during the current year, compared to recording a loss share of 133 million riyals and recording a decrease allowance of 212 million riyals during the year. 2024.

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