Reported Earnings • May 18
First quarter 2026 earnings released: EPS: ر.س0.19 (vs ر.س0.091 loss in 1Q 2025) First quarter 2026 results: EPS: ر.س0.19 (up from ر.س0.091 loss in 1Q 2025). Revenue: ر.س182.6m (up 13% from 1Q 2025). Net income: ر.س10.5m (up ر.س13.1m from 1Q 2025). Profit margin: 5.8% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Apr 24
Basic Chemical Industries Company, Annual General Meeting, May 20, 2026 Basic Chemical Industries Company, Annual General Meeting, May 20, 2026, at 19:30 Arab Standard Time. Location: dammam Saudi Arabia Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: ر.س0.63 (vs ر.س0.31 in FY 2024) Full year 2025 results: EPS: ر.س0.63 (up from ر.س0.31 in FY 2024). Revenue: ر.س730.0m (down 3.4% from FY 2024). Net income: ر.س17.4m (up 104% from FY 2024). Profit margin: 2.4% (up from 1.1% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: ر.س0.36 (vs ر.س0.083 in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.36 (up from ر.س0.083 in 3Q 2024). Revenue: ر.س190.4m (down 3.9% from 3Q 2024). Net income: ر.س15.7m (up ر.س13.4m from 3Q 2024). Profit margin: 8.2% (up from 1.2% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: ر.س0.13 (vs ر.س0.082 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.13 (up from ر.س0.082 in 2Q 2024). Revenue: ر.س188.5m (flat on 2Q 2024). Net income: ر.س3.61m (up 60% from 2Q 2024). Profit margin: 1.9% (up from 1.2% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Announcement • May 28
Basic Chemical Industries Company Approves Cash Dividend for the Fiscal Year 2024 Basic Chemical Industries Company t its ordinary General Assembly meeting held on May 25th, 2025, approved the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year 2024 at a rate of SAR 1 per share, representing 10% of the nominal value of each share, with a total amount of SAR 27,500,000. Reported Earnings • May 08
First quarter 2025 earnings released: ر.س0.09 loss per share (vs ر.س0.006 profit in 1Q 2024) First quarter 2025 results: ر.س0.09 loss per share (down from ر.س0.006 profit in 1Q 2024). Revenue: ر.س161.6m (down 10% from 1Q 2024). Net loss: ر.س2.52m (down ر.س2.68m from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Apr 22
Basic Chemical Industries Company announces Annual dividend Basic Chemical Industries Company announced Annual dividend of SAR 1.0000 per share, ex-date on May 26, 2025 and record date on May 27, 2025. Announcement • Apr 18
Basic Chemical Industries Company, Annual General Meeting, May 25, 2025 Basic Chemical Industries Company, Annual General Meeting, May 25, 2025, at 19:00 Arab Standard Time. Location: dammam Saudi Arabia Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: ر.س0.31 (vs ر.س0.20 in FY 2023) Full year 2024 results: EPS: ر.س0.31 (up from ر.س0.20 in FY 2023). Revenue: ر.س755.6m (up 2.0% from FY 2023). Net income: ر.س8.51m (up 54% from FY 2023). Profit margin: 1.1% (up from 0.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. New Risk • Nov 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 104% Earnings have declined by 24% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ر.س0.08 (vs ر.س0.10 loss in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.08 (up from ر.س0.10 loss in 2Q 2023). Revenue: ر.س187.6m (flat on 2Q 2023). Net income: ر.س2.26m (up ر.س5.07m from 2Q 2023). Profit margin: 1.2% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Board Change • Jun 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 1 highly experienced director. 4 independent directors (7 non-independent directors). Independent Director Abdulaziz Tariq Ali Al Tamimi was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jun 13
Basic Chemical Industries Co. Appoints Jassim Alrumaihi as Member of Audit Committee Basic Chemical Industries Co. announced the Board of Directors' resolution (By Circulation) on June 10, 2024 approving the appointment of Dr. Jassim Alrumaihi (Independent Board Member) as a member of the Audit Committee a replacement for Mr. Aziz Al-Qahtani, The resigned member effective from June 10, 2024, until the end of the current committee term, which expires on June 15, 2025 this decision will be presented to a vote at the nearest general assembly meeting of the company. Membership Start Date is June 10, 2024. He holds a doctorate in accounting from the University of Dundee - in the United Kingdom. He worked as an executive director and strategic advisor for several companies during his career. He served as a member of the boards of directors and audit committees of listed companies, and he is specialized in financial and administrative affairs for three decades. Announcement • May 24
Basic Chemical Industries Company Approves the Distribution for the Year Ending 31 December 2023 Basic Chemical Industries Company at its Ordinary General Assembly meeting held on May 22, 2024 approved the distribution of SAR 1,996,000 as Board Remuneration for the year ending 31 December 2023. Reported Earnings • Nov 24
Third quarter 2023 earnings released: ر.س0.041 loss per share (vs ر.س0.65 profit in 3Q 2022) Third quarter 2023 results: ر.س0.041 loss per share (down from ر.س0.65 profit in 3Q 2022). Revenue: ر.س191.0m (up 11% from 3Q 2022). Net loss: ر.س1.14m (down 106% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Aug 24
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 145% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.2% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 145% Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Reported Earnings • Aug 23
Second quarter 2023 earnings released: ر.س0.10 loss per share (vs ر.س0.47 profit in 2Q 2022) Second quarter 2023 results: ر.س0.10 loss per share (down from ر.س0.47 profit in 2Q 2022). Revenue: ر.س187.1m (up 17% from 2Q 2022). Net loss: ر.س2.82m (down 122% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Aug 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.2% operating cash flow to total debt). Earnings have declined by 11% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Upcoming Dividend • Jun 08
Upcoming dividend of ر.س1.00 per share Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 02 July 2023. The company last paid an ordinary dividend in February 2013. The average dividend yield among industry peers is 6.1%. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: ر.س0.37 (vs ر.س0.17 in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.37 (up from ر.س0.17 in 3Q 2021). Revenue: ر.س122.3m (flat on 3Q 2021). Net income: ر.س10.2m (up 113% from 3Q 2021). Profit margin: 8.4% (up from 3.9% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Independent Director Abdulaziz Tariq Ali Al Tamimi was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: ر.س0.78 (vs ر.س0.28 in 2Q 2021) Second quarter 2022 results: EPS: ر.س0.78 (up from ر.س0.28 in 2Q 2021). Revenue: ر.س160.6m (up 35% from 2Q 2021). Net income: ر.س21.4m (up 177% from 2Q 2021). Profit margin: 13% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improved over the past week After last week's 16% share price gain to ر.س38.40, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 12x in the Chemicals industry in Saudi Arabia. Total returns to shareholders of 81% over the past three years. Announcement • Jun 23
Basic Chemical Industries Company Announces Appointments Basic Chemical Industries Company has appointed Abdullah Muhanna Al Moaibed as the company's Chairman. The company also named Suleiman Abdullah Al Qadi as Vice Chairman. Reported Earnings • May 24
First quarter 2022 earnings released: EPS: ر.س0.89 (vs ر.س0.32 in 1Q 2021) First quarter 2022 results: EPS: ر.س0.89 (up from ر.س0.32 in 1Q 2021). Revenue: ر.س166.7m (up 32% from 1Q 2021). Net income: ر.س24.3m (up 176% from 1Q 2021). Profit margin: 15% (up from 7.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Abdulaziz Tariq Ali Al Tamimi was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 05
Full year 2021 earnings released: EPS: ر.س2.10 (vs ر.س1.41 in FY 2020) Full year 2021 results: EPS: ر.س2.10 (up from ر.س1.41 in FY 2020). Revenue: ر.س513.4m (up 2.6% from FY 2020). Net income: ر.س57.7m (up 49% from FY 2020). Profit margin: 11% (up from 7.7% in FY 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Feb 21
Basic Chemical Industries Co. Announces an Update on Commencement of Work for Jubail Project Basic Chemical Industries Company announced the completion of the power supply to the plant, as well as the completion of the supply of all equipment and all construction and engineering works, and the start of implementing an experimental operation plan for some equipment, systems and operating stages in the plant. After the electrical power is connected, the plant needs some time to complete the experimental phase before commencing commercial production. It is expected that the financial impact on the company’s results will appear after the completion of experimental production and the start of commercial production, which is expected to occur during the second quarter of 2022. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improved over the past week After last week's 16% share price gain to ر.س48.15, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 21x in the Chemicals industry in Saudi Arabia. Total returns to shareholders of 129% over the past three years. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS ر.س0.53 (vs ر.س0.39 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ر.س118.6m (down 9.6% from 2Q 2020). Net income: ر.س14.6m (up 37% from 2Q 2020). Profit margin: 12% (up from 8.1% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Jun 08
Basic Chemical Industries Co. Announces an Update on Commencement of Work for Jubail Project as Well as A Change in Project Costs from SAR 685 Million to SAR 750 Million Basic Chemical Industries Company announced the latest developments of the project to produce chlorine and its derivatives in Jubail Industrial City and also a change in project implementation costs from SAR 685 million to SAR 750 million Commencement of work for Jubail project as well as a change in project costs from SAR 520 million to SAR 685 million. Event's Expected Completion Date is end of November 2021. The technical and engineering details were delayed and the construction was significantly delayed due to the Corona Covid-19 pandemic. A change in the project costs from SAR 685 million to SAR 750 million. The reasons for the increase in costs are due to the addition of some facilities necessary for the project and the high cost of construction for the project as a result of the high cost and the difference in some measurements and engineering details. Reported Earnings • May 30
First quarter 2021 earnings released: EPS ر.س0.32 (vs ر.س0.38 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ر.س126.1m (down 11% from 1Q 2020). Net income: ر.س8.82m (down 15% from 1Q 2020). Profit margin: 7.0% (down from 7.4% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS ر.س1.40 (vs ر.س1.50 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ر.س500.2m (down 6.4% from FY 2019). Net income: ر.س38.6m (down 6.3% from FY 2019). Profit margin: 7.7% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Mar 03
Basic Chemical Industries Company Announces Executive Changes The board of directors of Basic Chemical Industries Company approved the appointment of Ala Abdullah Abdulkarim AlShaikh as the CEO of the company. The appointment will be effective starting as of 1 March 2021. On 28 January 2021, the board delegated board member, Abdul Latif Azmy Abdel-Latif Abdel-Hadi, to carry out the CEO duties temporarily until the CEO position is filled. AlShaikh has over 24 years of experience in industrial companies and has served in many local firms, including the Saudi Basic Industries Corporation (SABIC). Recently, he was the CEO of Al-Majdouie Group of Saudi Arabia. Is New 90 Day High Low • Feb 23
New 90-day high: ر.س38.75 The company is up 17% from its price of ر.س33.00 on 25 November 2020. The Saudi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 10.0% over the same period. Announcement • Jan 29
Basic Chemical Industries Co. Announces Appointment of Abdul Latif Azmy Abdel-Latif Abdel-Hadi as Temporary CEO The Basic Chemical Industries Company announces that the Board of Directors has decided in its meeting held on Jumada Al-Thani 14, 1442 AH corresponding to January 27, 2021 AD, to delegate Mr. Abdul Latif Azmy Abdel-Latif Abdel-Hadi (designated member of the Board of Directors) to carry out the duties of the CEO of the company temporarily until this position is filled. Announcement • Jan 22
Basic Chemical Industries Co. Announces Resignation of Ossama Farouk Abdel Hamid, CEO The Basic Chemical Industries Company announces that the Board of Directors decided on January 20, 2021 AD, to accept the resignation of Mr. Ossama Farouk Abdel Hamid from his position as CEO of the company due to his personal reasons. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 15% share price gain to ر.س36.80, the stock is trading at a trailing P/E ratio of 24.9x, up from the previous P/E ratio of 21.7x. This compares to an average P/E of 24x in the Chemicals industry in Saudi Arabia. Total returns to shareholders over the past three years are 87%. Is New 90 Day High Low • Dec 16
New 90-day high: ر.س35.10 The company is up 18% from its price of ر.س29.85 on 17 September 2020. The Saudi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: ر.س33.55 The company is up 19% from its price of ر.س28.25 on 27 August 2020. The Saudi market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 9.0% over the same period. Reported Earnings • Nov 10
Third quarter 2020 earnings released: EPS ر.س0.54 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: ر.س115.2m (down 19% from 3Q 2019). Net income: ر.س14.8m (down 3.5% from 3Q 2019). Profit margin: 13% (up from 11% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 08
New 90-day high: ر.س33.25 The company is up 42% from its price of ر.س23.48 on 09 July 2020. The Saudi market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 6.0% over the same period.