Saudi Basic Industries Corporation (SABIC) has announced a staggering net loss of 25.78 billion riyals (approximately $6.87 billion) for the year 2025, a significant downturn compared to a net profit of 1.54 billion riyals in the previous year. The primary reasons for this financial downturn include a drop in asset values and losses linked to the liquidation of their operations in Europe and the Americas. This situation has raised concerns among stakeholders as the profits expected by analysts from the London Stock Exchange were substantially higher, with a forecasted net income of around 1.8 billion riyals. The reported revenue for SABIC also saw a slight decline of 1%, reaching 116.53 billion riyals.