Earnings release
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SABIC AGRI-NUTRIENTS EARNINGS RELEASE Third Quarter 2026
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2 1.0 2026 Q3 HIGHLIGHTS
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SABIC AGRI-NUTRIENTS EARNINGS RELEASE Q3 2026 3 Financial Highlights R E V E N U E SAR 3,220M +34% $859 million Revenue of SAR 3,220 million [$859 million], increased by 34% compared to the previous quarter and a 9% decrease compared to the same quarter last year. E B I T D A1 SAR 616M -0.3% $164 million EBITDA1 of SAR 616 million [$164 million], decreased by 0.3% compared to the previous quarter and a 57% decrease compared to the same quarter last year. O P E R A T II N G P R O F I T SAR 408M -4% $109 million Operating profit of SAR 408 million [$109 million], decreased by 4% compared to the previous quarter and a 67% decrease compared with the same quarter last year. N E T I N C O ME2 SAR 484M +28% $129 million NET INCOME2 of SAR 484 million [$129 million], increased by 28% compared to the previous quarter and a 62% decrease compared to the same quarter last year. E P S2 SAR 1.02 +28% $0.27 Earnings per share (EPS2) of SAR 1.02 [$0.27], increased by 28% compared to the previous quarter and a 62% decrease compared to the same quarter last year. F R E E C A S H F L O W4 SAR 581M -6% $155 million FREE CASH FLOW4 of SAR 581 million [$155 million] decreased by 6% compared to the previous quarter and a 65% decrease compared to the same quarter last year.
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SABIC AGRI-NUTRIENTS EARNINGS RELEASE Q3 2026 4 Table 1 – Summary Financial Results Item Three Months Ended Nine Months Ended 30. Sep, 2026 30 Jun. 2026 Change % 30. Sep, 2025 Change % 30. Sep, 2026 30. Sep, 2025 Change % Revenue 3,220 2,411 34% 3,522 -9% 8,505 9,883 -14% EBITDA1 616 618 -0.3% 1,434 -57% 2,612 3,773 -31% EBITDA Margin 19% 26% -27% 41% -54% 31% 38% -18% Operating profit 408 423 -4% 1,224 -67% 1,999 3,109 -36% Net Income2 484 379 28% 1,290 -62% 2,089 3,334 -37% Net Profit Margin 15% 16% -6% 37% -59% 25% 34% -26% Earnings Per Share2 1.02 0.80 28% 2.71 -62% 4.39 7.00 -37% Return on Capital Employed3 2% 2% 0% 6% -67% 8% 15% -47% Purchase of PPE & IA 150 149 1% 184 -18% 407 432 -6% Free Cash flow4 581 621 -6% 1,677 -65% 1,782 3,266 -45% All amounts in SAR million unless otherwise stated, USD/SAR conversion used is 3.75. Absolute figures and percentages include d in this document have been subject to rounding adjustments. 1. Income before zakat and tax plus depreciation, amortization, impairment, finance cost and less finance income and share of results from a non-integral associate and joint venture. 2. Attributable to equity holders of the parent company. 3. EBIT / Average Capital Employed (CE = Parent Equity + non-current liabilities). 4. Net cash from operating activities minus purchase of property, plant and equipment and intangible assets.
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5 2.0 2026 Q3 PERFORMANCE
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SABIC AGRI-NUTRIENTS EARNINGS RELEASE Q3 2026 6 Market Outlook Q3 SUMMARY Urea prices fell from Q2 highs as cargoes stuck in the Arabian Gulf were able to exit and reach the market, also China increased its Urea exports quotas which contributed negatively to the market. The Hormuz disruption continued to restrict exports from the Gulf, however SABIC AN introduced new shipping routes through the Red Sea ports (Yanbu, Neom and Rabigh) capitalizing on the Kingdom’s infrastructure and the resilient supply chain. These actions diversified SABIC AN options compared to other producers within the Arabian Gulf and allowed continuous flow of products to its customers. Q4 OUTLOOK Urea prices are expected to remain broadly stable, supported by buyers restocking ahead of the spring season and by stronger European imports. Supply is forecasted to tighten going forward as China pauses exports due to local seasonal demand. Any sudden reopening of Strait of Hormuz may release additional volumes which could have an impact on the market direction. With alternative routes through the Red sea in place, SABIC AN positions itself as a sustainable supplier to its customers and expects to meet the market demand.
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SABIC AGRI-NUTRIENTS EARNINGS RELEASE Q3 2026 7 Financial Performance SABIC Agri-Nutrients (“SABIC AN”) announced its financial results for the third quarter of 2026. The Company’s revenue amounted to SAR 3,220 million [$ 859 million] in the third quarter of 2026 compared to SAR 2,411 million [$ 643 million] reported in the previous quarter representing an increase of 34%. The Company was able to achieve this increase by maximizing the sales volume through the West Coast despite the geopolitical challenges. However, the revenue in the third quarter of 2026 was lower by 9% than the revenue reported in the same quarter of last year which was SAR 3,522 million [$ 939 million]. The decline is attributed to lower sales volume caused by the disruption of the supply chain due to the geopolitical challenges in the region. EBITDA1in the third quarter of 2026 was SAR 616 million [$164 million] which is a decrease by 0.3%, compared to the previous quarter and a decrease of 57% compared with the same quarter last year. Net income2 for the quarter was SAR 484 million [$129 million], or SAR 1.02 per share [$0.27 per share], which is a 28% increase in comparison with the previous quarter which was SAR 379 million [$101 million], or SAR 0.80 per share [$0.21 per share], and a 62% decrease compared with the net income of SAR 1,290 million [$344 million], or SAR 2.71 per share [$0.72 per share] achieved during the same quarter last year. Net income2 for the period is SAR 2,089 million [$557 million], or SAR 4.39 per share [$1.17 per share], which is 37% lower than the net income of SAR 3,334 million [$889 million], or SAR 7.00 per share [$1.87 per share] achieved during the same period of 2025.
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8 3.0 KEY SUPPLY CHAIN HIGHLIGHTS Alternative shipping points: Yanbu, Rabigh, Neom, and Jeddah Introducing new packaging/ shipping modes Expanding WH capacities in the West Hub New transportation line from east to west: More than 25 Transporters
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9 4.0 DISCLAIMER
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SABIC AGRINUTRIENTS EARNINGS RELEASE Q3 2026 10 By reading this earning release, you recognize and agree to be bound by the following limitations. This earning release has been prepared for information and background purposes only. It does not constitute or form part of, and should not be construed as, an offer of, a solicitation of an offer to buy, or an invitation to subscribe for, underwrite or otherwise acquire, any securities of SABIC Agri -Nutrients (the “Company”) or any other existing or future member of the SABIC Group (the “Group”) or any other company including Saudi basic industries corporation (“SABIC”) or any other existing or future memb er of the SABIC Group, nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of any such company or with any other contract or commitment whatsoever. This earning rel ease does not constitute a prospectus in whole or in part, and any decision to invest in securities should be made solely on the basis of the information to be contained in a prospectus and on an independent analysis of the information contained therein. Any assumptions, views or opinions contained in this earning release represent the assumptions, views, or opinions of the Company as of the date indicated and are subject to change without notice. All information not separately sourced is from Company data and estimates. Information contained in this earning release related to past performance is not an indication of future performance and is not intended to predict actual results, and no assurances are given with respect thereto. The information contained in this earning release has not been independently verified, and no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information contained herein, and no reliance should be placed on it. Neither the Company nor its affiliates, advisers, connected persons or any other person accepts any liability for any loss howsoever arising (in negligence or otherwise), directly or indirectly, from this earning release or its contents or otherwise arising in connection with this earning release. This shall not, however, restrict or exclude or limit any duty or liability to a person under any applicable law or regulation of any jurisdiction which may not lawfully be disclaimed. This earning release may include statements that are, or may be deemed to be, “'forward -looking statements.” These statements often contain words such as “anticipate,” “believe,” “intend,” “estimate,” “expect” “outlook,” “will,” “will be,” “will Continue,” “would” and similar expressions, and variations or negatives of these words or phrases. All statements other than statements of historical facts included in this earning release are forward-looking statements. By their nature, such forward -looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance, or achievements of the Company to be materially different from results, performance or achievements expressed or implied by such forward -looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the market environment in which the Company will operate in the future. These forward -looking statements speak only as of the date of this earning release. Each of the Company and it s affiliates and their respective shareholders, agents, employees, and advisers, expressly disclaims any obligation or undertaking to update any forward -looking statements contained herein. You are urged to consider these factors carefully in evaluating th e forward-looking statements in this earning release and not to place undue reliance on such statements. This earning release is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country, or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation of such jurisdiction or which would require any registration or licensing within such jurisdiction. Any failure to comply with these restrictions may constitute a violation of the laws of other jurisdictions. Average sales prices stated in this earning release includes FX and other factors. The information contained in this earning release is provided as of the date of this earning release and is subject to change without notice. For more information, please contact the Investor Relations Department of (SABIC Agri-Nutrients) at the following email: (InvestorRelations@agri.sabic.com)