SABIC reports 14% revenue and 40% EBITDA rise, reaches final investment decision on ammonia-urea complex
SABIC reports 14% revenue and 40% EBITDA rise, reaches final investment decision on ammonia-urea complex
SABIC reported third-quarter 2026 revenue of SAR 28.17 billion ($7.51 billion), up 14% quarter-on-quarter, and adjusted EBITDA of SAR 4.75 billion ($1.27 billion), up 40%. Adjusted net income reached SAR 0.84 billion after a prior-quarter adjusted loss. Net debt rose to SAR 3.03 billion at September 30, 2026, from SAR 2.73 billion at June 30. Quarterly highlights included a final investment decision on an ammonia and urea complex with 1.2 million and 2.6 million metric tons per year capacity, and completion of the $450 million Engineering Thermoplastics divestment.
The ammonia and urea complex lifts SABIC's urea capacity 54%, and the 1.8 million tons per year Jubail methanol plant adds supply, both shaping regional nitrogen and methanol availability.
Key facts
| Companies | SABIC, SABIC Agri-Nutrients |
|---|---|
| Chemicals | ammonia, urea, methanol, engineering thermoplastics |
| Capacity | Ammonia 1.2 million metric tons per year; urea 2.6 million metric tons per year (54% increase in urea capacity); methanol 1.8 million tons per year |
| Investment | Engineering Thermoplastics divestment enterprise value $450 million; transformation savings SAR 3.56 billion ($0.95 billion) achieved toward 2030 target of SAR 11.3 billion ($3 billion) |
| Location | Kingdom of Saudi Arabia; Jubail (methanol plant); Americas and Europe (divested business) |
| Timing | 2026-10-25, 2026-09-30, 2026-06-30, 2025, 2030 |
| Partners | Ministry of Energy, Local Content and Government Procurement Authority, Lenovo |
| End uses | local industries enablement |
Market context
Ammonia and urea are core nitrogen products. Ammonia is the base feedstock for fertilizers, and urea is one of the most widely traded nitrogen fertilizers, with agriculture as its main demand driver; urea is also used in diesel exhaust fluid and industrial chemicals. Methanol serves as a building block for formaldehyde, acetic acid, and olefins, so its demand tracks construction, automotive, and packaging activity. Engineering thermoplastics are high-performance polymers used in automotive, electrical, and industrial parts where heat and mechanical resistance matter. New nitrogen and methanol capacity in the Middle East, where natural gas feedstock is comparatively advantaged, can add to global supply and put pressure on regional and export prices. A larger urea footprint also strengthens an integrated producer's position with fertilizer distributors and agricultural buyers. Shifts in portfolio, such as exiting specialty polymer businesses, typically reflect a move toward commodity-scale feedstock integration.
Source: official release on sabic.com. Summary and context written by Market Krystal.
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