Luberef Net Profit Drops 7.3% to SAR 221.5 Million in Q1 2025

Saudi Aramco Base Oil Company (Luberef) reported a 7.3% decline in net profit for the first quarter of 2025, recording SAR 221.5 million compared to SAR 239 million in the same period last year. This follows the release of its preliminary financial results for the three-month period ending March 31, 2025.

Operating profit for the quarter stood at SAR 226.3 million, down 8% from SAR 246.1 million in the corresponding quarter of 2024.

Total shareholders’ equity (excluding minority interests) amounted to SAR 4 billion, compared to SAR 4.2 billion a year earlier, marking a 4.2% decrease.

Earnings per share for the current period came in at SAR 1.32, down from SAR 1.42 in the same period last year.