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SABIC First Quarter 2021 Earnings سابكـ وتحاكك First Quarter 2021 Highlights : • Revenue of SAR 37.53 billion [ $ 10.01 billion ] , a 14 % increase quarter - over - quarter and a 24 % increase year - over - year . EBITDA of SAR 10.39 billion [ $ 2.77 billion ] , a 55 % increase quarter - over - quarter and a 139 % increase year - over - year . • Income from operations of SAR 6.98 billion [ $ 1.86 billion ] was higher than the income from operations of SAR 3.79 billion [ $ 1.01 billion ] in the previous quarter compared to the loss from operations of SAR 0.06 billion [ $ 0.02 billion ] in the first quarter of 2020 . • • Net income of SAR 4.86 billion [ $ 1.30 billion ] was higher than the net income of SAR 2.25 billion [ $ 0.60 billion ] in the previous quarter and the net loss of SAR 1.05 billion [ $ 0.28 billion ] in the first quarter of 2020. There were no material non - recurring charges in the first quarter of 2021 . $ 156 million of annual value creation achieved since the closure of transaction with Saudi Aramco ( acquisition of a 70 % stake in SABIC on 16th June 2020 ) . $ 1.5 billion - $ 1.8 Billion of recurring annual value creation and synergy is expected by 2025 . Comparisons with the first quarter of 2021 are available in the following table : Table 1 - Summary Financial Results Three Months Ended Item Mar. 31 , Dec. 31 , 2021 2020 Change % Mar. 31 , Three Months Ended Mar. 31 , Change 2021 2020 % Revenue 37.53 32.84 14 % 37.53 30.19 24 % EBITDA1 10.39 6.70 55 % 10.39 4.35 139 % Income ( loss ) from operations 6.98 3.79 84 % 6.98 ( 0.06 ) NM³ Net Income ( loss ) ² 4.86 2.25 116 % 4.86 ( 1.05 ) NM³ Earnings ( Loss ) Per Share² 1.62 0.75 116 % 1.62 ( 0.35 ) NM3 Free Cash flow 4.74 3.38 40 % 4.74 1.41 236 % All amounts in SAR billion unless otherwise stated , USD / SAR conversion used is 3.75 . Certain figures and percentages included in this document have been subject to rounding adjustments . Income from operations plus depreciation , amortization and impairment . 2Attributable to equity holders of the parent . 3 not meaningful . Saudi Basic Industries Corporation ( " SABIC " ) ( 2010 - SA ) today announced its financial results for the first quarter of 2021. The company's revenue reached SAR 37.53 billion [ $ 10.01 billion ] in the first quarter of 2021 representing an increase of 14 % compared with the fourth quarter of 2020 . 1