Saudi Industrial Investment Group · TADAWUL:2250
Saudi Industrial Investment — Q4 2025 Earnings Presentation
25 slides from Saudi Industrial Investment's earnings presentation, Feb 17, 2026
Slide 1: Q4 2025 Earnings Presentation
Saudi Industrial Investment Group Q4 2025 Earnings Presentation 17th February, 2026
Slide 2: Table of Contents
Table of Contents Highlights 03 Operational Updates 05 Financial Results 08 Outlook 13 Appendix 15 Q4 2025 Earnings Presentation 2
Slide 3: Q4 performance impacted by softening prices and spreads
Highlights | Operations | Financials | Outlook | Appendix Q4 Performance impacted by softening prices and spreads, tracking lower crude • Successful turnaround at SCP unit early in Sales Volume (Kmt)* Q4 2025 the quarter within schedule 892 • Sales volumes declined due to planned maintenance shutdow
Slide 4: Continued commitment to safety reflected in our strong track record
Highlights | Operations | Financials | Outlook | Appendix Continued commitment to safety reflected in our strong track record Highlights • SIIG JVs reached over 1,000 days without a Tier 1 & 1,500 days without a Tier 2 Process Safety Event. Injuries per 200,000 hours worked 0.40 0.35 0.30 0.25 0.20
Slide 5: Strategic initiatives in 2025 to strengthen core
Highlights | Operations | Financials | Outlook | Appendix Strategic initiatives in 2025 to strengthen core Allocation Implementing heat recovery system to improve energy efficiency, reduce operational costs, and lower carbon Ethane 60 25 intensity MMSCFD* Timelines: A182/A187 Jan 2027 – Site constru
Slide 6: Capital Allocation policy prioritizes sustaining current operations and shareholder returns
Highlights | Operations | Financials | Outlook | Appendix Capital Allocation policy prioritizes sustaining current operations and shareholder returns Priority 1 Priority 2 Priority 3 Essential Shareholder More value Capex Returns creation Shareholder Payouts | ¥ Mn Dividends Declared Sustaining the
Slide 7: Operational Updates
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Slide 8: Aromatics Segment: Volumes impacted by maintenance shutdown
Highlights | Operations | Financials | Outlook | Appendix Aromatics Segment: Volumes impacted by maintenance shutdown Styrene Sales; Capacity Utilization | Kmt; % Benzene Sales; Capacity Utilization* | Kmt; % Cyclohexane Sales; Capacity Utilization | Kmt; % 68% 48% 9% 103% 103% 98% 95% 83% 56% -72%
Slide 9: Polymers Segment: Strong utilization amid continued price softness
Highlights | Operations | Financials | Outlook | Appendix Polymers Segment: Strong utilization amid continued price softness Highlights Polyethylene Sales; Capacity Utilization | Kmt; % PE price trend* • Overall utilization levels remained strong for 93% 104% 98% the Polymers segment, though slightl
Slide 10: Financial Results
Financial Results
Slide 11: Share of profits from JVs turned negative for Q4
Highlights | Operations | Financials | Outlook | Appendix Share of profits from JV’s turned negative for Q4 ¥ Mn Q4 2025 Q3 2025 Δ% Q4 2024 Δ% Share of Profits from JVs (Q-o-Q) | ¥ Mn Income Statement Share of Profits from JVs (172) 24 -806% (67) +155% General & administrative 24 (25) (17) +43% (21)
Slide 12: Aromatics: Profitability impacted by lower styrene margins and volumes
Highlights | Operations | Financials | Outlook | Appendix Aromatics: Profitability impacted by lower styrene margins, along with lower sales volumes due to maintenance shutdown in the quarter Revenue (external) | ¥ Mn Gross Profit | ¥ Mn EBITDA | ¥ Mn -23% 8 115 1,420 1,371 1,096 60 (42) -20% (118)
Slide 13: Polymers: Profitability impacted by unfavorable feedstock mix
Highlights | Operations | Financials | Outlook | Appendix Polymers: Profitability impacted by unfavorable feedstock mix during the quarter and continued decline in product prices Revenue (external) | ¥ Mn Gross Profit | ¥ Mn EBITDA | ¥ Mn -18% 144 1,645 1,524 317 1,353 54 173 133 -11% (21) Q4 24 Q3
Slide 14: Received returns as dividends and capital reduction from our JVs
Highlights | Operations | Financials | Outlook | Appendix Received returns in the form of dividends and capital reduction from our JVs SCP: Investment Value | ¥ Mn JCP: Investment Value | ¥ Mn ADCO: Investment Value| ¥ Mn -8% -11% -60% 598 (51) 377 (39) 25 (62) (1) 336 4 551 62 25 FY 24 Share of Pro
Slide 15: Outlook
Highlights | Operations | Financials | Outlook | Appendix Outlook Product View • Trade flows are expected to remain strained as Asia’s surplus and China’s rising capacity signal a tough trade environment into 2026 with limited Styrene options to balance oversupply • Scheduled shutdowns in Europe and
Slide 16: Q&A
Q&A
Slide 17: Appendix
Appendix
Slide 18: Planned turnaround schedule
Highlights | Operations | Financials | Outlook | Appendix Planned turnaround schedule Saudi Chevron Saudi Chevron Saudi Chevron Saudi Chevron Phillips (SCP) Phillips (SCP) Phillips (SCP) Phillips (SCP) 34 days 28 days 28 days 38 days Q4 2025 2027 2029 2026 2028 2030 Jubail Chevron Saudi Polymers Jub
Slide 19: SIIG: Three decades of growth
Highlights | Operations | Financials | Outlook | Appendix SIIG: Three decades of growth • Established in 1996, Saudi Industrial Investment Group is an investment Arabian Chevron Phillips holding company Petrochemical Company • Primarily invested in petrochemical manufacturing assets in Saudi Arabia
Slide 20: SIIG's petrochemical complex projects are complementary to each other
Highlights | Operations | Financials | Outlook | Appendix SIIG’s Petrochemical complex projects are complementary to each other Aromatic Saudi Chevron Hydrocarbons Phillips (SCP) Mixture (780Kta) Benzene Cyclohexane (835Kta) (355Kta) Jubail Chevron Styrene (730Kta) Phillips (JCP) ADCO Propylene (150
Slide 21: Financial Statements – Income Statement
Highlights | Operations | Financials | Outlook | Appendix Financial Statements – Income Statement ¥ Mn FY 2025 FY 2024 Δ% Q4 2025 Q3 2025 Δ% Q4 2024 Δ% Income Statement Share of Profits from JVs (84) 183 NM (172) 24 NM (67) +155% General & administrative expenses (72) (68) +5% (25) (17) +43% (21) +1
Slide 22: Financial Statements – Cash Flow Statement
Highlights | Operations | Financials | Outlook | Appendix Financial Statements – Cash Flow Statement ¥ Mn FY 2025 FY 2024 Δ% Q4 2025 Q3 2025 Δ% Q4 2024 Δ% Cash Flow Statement Cash flows from operating activities Profit (loss) before zakat (134) 144 NM (195) 9 NM (80) NM Depreciation 1 1 +38% 0 0 +52
Slide 23: Financial Statements – Balance Sheet
Highlights | Operations | Financials | Outlook | Appendix Financial Statements – Balance Sheet ¥ Mn Q4 2025 Q3 2025 Δ% Q4 2024 Δ% Balance Sheet Property & equipment 52 26 NM 2 NM Investments accounted for using the equity method 7,875 8,175 -4% 8,330 -5% Other assets 9 8 +8% 6 +36% Total Non-current
Slide 24: Disclaimer
Highlights | Operations | Financials | Outlook | Appendix Disclaimer Saudi Industrial Investment Group (Company), prepared this presentation on a proprietary basis as general background information about the activities of company. The information contained herein is given in summary form and for dis
Slide 25: Thank you
Thank you Contact Us: Investor Relations Team Email: IR@siig.com.sa
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