Rabigh Refining and Petrochemical Co. (“Petro Rabigh” or “the Company”) announces its Interim financial results ended on 31-03-2026G (Three Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	14,850	11,214	32.423	10,652	39.41
Gross Profit (Loss)	1,986	-60	-	58	3,324.137
Operational Profit (Loss)	1,793	-314	-	-131	-
Net Profit (Loss) Attributable to Shareholders of the Issuer	1,466	-691	-	-607	-
Total Comprehensive Income Attributable to Shareholders of the Issuer	1,466	-691	-	-610	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	14,488	10,987	31.864
Profit (Loss) per Share	0.88	-0.41
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	2,469	14.77
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The increase in revenue during the current quarter compared to the same quarter last year is due to higher sales volumes across both refined and petrochemical products.

In addition, refined product prices improved significantly during the latter part of the quarter, driven by market volatility and tighter supply demand balances.The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for net profit reported during the current quarter compared to a net loss recorded in the same quarter of last year was primarily attributable to improved product margins resulting from stronger refined product pricing and higher sales volumes.

This performance was further supported by improved plant reliability, which enabled higher sales volumes across the Company’s integrated refining and petrochemical operations. The improvement in refined product margins during the latter part of the quarter was driven mainly by market volatility and tighter supply demand balances. In this context, the Company’s integrated refinery and petrochemical complex, located in Rabigh on the Red Sea, operated without disruption during this period. In addition, the reduction in financial charges also positively contributed to profitability, which was largely due to regular periodic debt repayments, early prepayment of long-term borrowings during prior periods, and a decline in benchmark interest rates, which collectively had a favorable impact on the first-quarter 2026 results.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The increase in revenue for the current quarter as compared to the previous quarter is due to higher sales volumes across both refined and petrochemical products. Furthermore, refined product prices significantly increased during the latter part of the quarter, driven by market volatility and tighter supply demand balances.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The net profit reported during the current quarter compared to a net loss recorded in the previous quarter was primarily attributable to improved product margins resulting from stronger refined product pricing and higher sales volumes.

This performance was further supported by improved plant reliability, which enabled higher sales volumes across the Company’s integrated refining and petrochemical operations. The improvement in refined product margins during the latter part of the quarter was driven mainly by market volatility and tighter supply demand balances. In this context, the Company’s integrated refinery and petrochemical complex, located in Rabigh on the Red Sea, operated without disruption during the period.Statement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) Not ApplicableReclassification of Comparison Items The Company reassessed the presentation of certain expenses in the statement of profit or loss relating to the prior period to determine if such transactions have been presented appropriately in line with the requirements of IFRS as endorsed in the Kingdom of Saudi Arabia. Where necessary, changes in presentation were made in accordance with IAS 1 - Financial Statement Presentation (“IAS 1”). These changes to previously reported comparative figures had no impact on the net loss for the period ended March 31, 2025, and accumulated losses as of that date.Additional Information As of March 31, 2026, the Company’s accumulated losses amounted to Saudi Riyals 2,469 million, representing 14.77% of the Company’s share capital of Saudi Riyals 16,710 million as compared to the Company’s accumulated losses of Saudi Riyals 9,191 million representing 41.83% of the Company’s share capital of Saudi Riyals 21,974 million as of December 31, 2025. The above decrease in accumulated losses is mainly driven by the following two factors:

(i) The Company decreased its share capital from Saudi Riyals 21,974 million to Saudi Riyals 16,710 million pursuant to the shareholders’ approval for such capital decrease in the Extraordinary General Assembly meeting dated March 29, 2026 (10/10/1447H) after obtaining necessary regulatory approval. The share capital was decreased by reducing the nominal value of Class A ordinary shares from Saudi Riyals 10 per share to Saudi Riyals 6.85 per share through writing-off Saudi Riyals 5,263.65 million from the Company’s capital to reduce the Company’s accumulated losses.

(ii) The Company reported a net profit for the period ended March 31, 2026, corresponding to 12/10/1447H amounting to Saudi Riyals 1,466 million. See above for the detailed explanation.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.