Luberef’s net profits leap 199.5% in Q2-26

LUBEREF
2223 -0.24% 126.40 -0.30 2P
7204.B 0.00% 0.00 0.00

Riyadh – Mubasher: Saudi Aramco Base Oil Company (Luberef) posted 199.39% higher net profits at SAR 734.10 million in the second quarter (Q2) of 2026, compared to SAR 245.20 million in Q2-25.

The company attributed the growth primarily to higher base oil crack margins and increased sales volumes, according to a bourse filing.

Quarterly revenue jumped by 51.99% to SAR 3.42 billion from SAR 2.25 billion in the prior-year quarter.

The operating profit for the period reached SAR 748.47 million, a 191.08% increase compared to SAR 257.14 million a year earlier.

In the first half (H1) of 2026, the net profits climbed by 112.57% to SAR 992.07 million, while earnings per share (EPS) rose to SAR 5.90 from SAR 2.77.

Free cash flow for the six-month period reached SAR 1.06 billion, reflecting an annual leap of 346%.

Luberef has rescheduled the planned shutdown for its second expansion project to October 2026, with completion expected in H1-27.

As of 31 March 2026, Luberef’s net profits hiked by 16.45% YoY to SAR 257.96 million from SAR 221.50 million.

Source: Mubasher Source: {{details.article.source}}