SABIC reports 62 percent profit drop. Target for Saudi Arabian Fertilizer stock is SAR 137.68

Published on 10/23/2026 at 09:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter profit fell to SAR 484 million from SAR 1.29 billion on October 20, 2026. Saudi Arabian Fertilizer stock has 12 ratings and a SAR 137.68 target.

Earnings and expansion

Third-quarter net income fell 62.50 percent on October 20, 2026.
SAN-7 adds 1.20 million tonnes of ammonia capacity in October 2026.
Market capitalization stood at SAR 52.1 billion on October 22, 2026.

Saudi Arabian Fertilizer, SA0007879139, Illustration mit AI erstellt.

Saudi Arabian Fertilizer (ISIN SA0007879139) reported third-quarter net income of SAR 484 million on October 20, 2026, down 62.50 percent from SAR 1.29 billion a year earlier. MarketScreener reported the results for the period ended September 30, 2026. The figures put supply-chain execution ahead of the upcoming expansion as the central issue for the company.

Profit pressure remains visible

Revenue fell to SAR 3.22 billion from SAR 3.52 billion in the third quarter of 2025, while operating profit declined to SAR 408 million from SAR 1.22 billion. The Saudi Standard linked the weaker quarter to lower sales volumes, higher shipping costs and weaker contributions from an associate and a joint venture on October 21, 2026. The Saudi Standard also reported that nine-month revenue fell 13.90 percent to SAR 8.51 billion and net income declined 37.30 percent to SAR 2.09 billion.

Three dated company developments

On June 30, 2026, revenue was SAR 2.41 billion and net income was SAR 379.00 million in the second quarter, according to TickerLandia. On October 14, 2026, reporting on the SAN-7 project described planned annual capacity of 1.20 million tonnes of ammonia and 2.60 million tonnes of urea. On October 20, 2026, the company reported third-quarter net income of SAR 484 million and nine-month net income of SAR 2.09 billion.

What does SAN-7 add?

SAN-7 is the strategic counterweight to the earnings decline. CRU Group reported on October 14, 2026 that the project will add 1.20 million tonnes of annual ammonia capacity and 2.60 million tonnes of annual urea capacity. The expansion is planned to lift urea capacity from 4.80 million to 7.40 million tonnes per year, a 54.17 percent increase. Commercial production is targeted for the fourth quarter of 2030.

Dates and valuation context

The next reported date listed for Saudi Arabian Fertilizer is October 28, 2026, for quarterly results. Twelve analysts carry an average target of SAR 137.68, while the Tadawul price was last at SAR 109.50 on October 22, 2026 at 3:18 p.m. AST. Market capitalization stood at SAR 52.1 billion on October 22, 2026.

Stock context

The latest results show a sharp year-over-year earnings contraction alongside sequential improvement from the second quarter's SAR 379.00 million net income. For investors, the test is whether higher volumes can offset logistics costs before SAN-7 reaches production.