Kimanoul reports Q1 loss of 46.36M Riyals

MetaChemicals Methanol Company (Kimanoul) reported in the first quarter of 2026 that its net losses increased by 3.80%, reaching 46.36 million SAR, compared to a loss of 44.66 million SAR in the same period of the previous year. The main reason for the increase in losses is a 23% decline in sales volumes, despite a 25% decrease in revenue. Cost-saving measures and efforts to direct shipments through alternative routes helped reduce the impact of geopolitical challenges and supply chain disruptions, thereby limiting further increases in losses. Additionally, losses from subsidiaries accounted for 20% of the total. The company faces challenges due to regional disruptions that have affected prices and costs, but it is actively developing strategies to enhance financial stability.

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