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    Energy minerals

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    Integrated oil
Saudi Aramco Base Oil Company - Luberef

Saudi Aramco Base Oil Company - Luberef

TTADAWUL:2223
111.00
SAR
-5.50
(-4.72%)
8.21EPS
15.15P/E
20.91BMarket Cap
Nov 05Next Earn
Saudi Aramco Base Oil Company - Luberef
TADAWUL:2223
(Saudi Exchange)

Recent

price

111.00

P/E

ratio

15.15

div

yld

0.90%

ROIC.AI

2021
2022
2023
2024
2025
TTM
SAR
52.43
62.9
56.42
59.65
48.16
55.29
Revenue per Share
8.9
11.72
8.98
5.78
5.08
8.21
Basic EPS, GAAP
10.27
11.67
12.54
9.54
6.38
11.28
Free Cash Flow per Basic Share
5.56
6.67
10.01
8.6
4.08
1
Dividend per Share
25.15
30.22
28.94
26.14
27.23
29.52
Book Value per Share
25.05
30.12
28.85
26.03
27.08
29.38
Tangible Book Value per Share
169
169
168
168
168
168
Basic Weighted Avg Shares
8,847
10,614
9,489
10,036
8,103
9,303
Sales/Revenue/Turnover
19.82
20.4
16.76
9.97
10.99
15.25
Operating Margin (%)
340
340
321
271
258
304
Depreciation Expense
1,503
1,978
1,510
972
855
1,381
Net Income, GAAP
11.17
7.2
4.39
1.66
2.13
2.51
Effective Tax Rate (%)
16.98
18.64
15.91
9.69
10.56
14.84
Profit Margin (%)
1,615
2,478
2,184
825
662
873
Working Capital
2,211
2,038
1,908
935
785
746
LT Debt
4,245
5,083
4,869
4,397
4,582
4,968
Total Equity
- -
28.33
20.85
15.58
15.75
24.71
Return on Invested Capital (%)
- -
29.45
23.02
17.05
16.68
25.55
Return on Capital (%)
- -
42.41
30.34
20.98
19.05
29.69
Return on Common Equity (%)

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
164
164
170
LT Borrowings
651
651
582
LT Finance Leases
134
125
165
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
168
168
168
Market Capitalization
16,178
17,970
20,915

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,504
3,637
4,326
Cash, Cash Equivalents & STI
987
1,006
1,602
Accounts Receivable, Net
416
1,310
1,717
Inventories
644
884
826
Total Current Liabilities
1,842
3,391
3,453
Payables & Accruals
- -
- -
- -
ST Debt
164
164
170
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
4.21%
Free Cash Flow
- -
- -
-33.17%
Net Income, GAAP
- -
- -
-12.01%
Sales/Revenue/Turnover
- -
- -
-19.26%
Total Cash Common Dividend
- -
- -
-52.56%

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,185
2,729
2,495
2,627
10,036
2025
2,128
2,249
2,157
1,569
8,103
2026
2,158
3,419
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.42
1.78
1.34
1.24
5.78
2025
1.32
1.46
1.66
0.65
5.08
2026
1.53
4.36
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
3.6
8.6
2025
- -
- -
- -
1
4.08
2026
- -
- -
- -
- -
- -
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Business
Saudi Aramco Base Oil Company - Luberef (2223.SR) produces and markets high-quality Group I and Group II base oils, including aramcoDURA and aramcoPRIMA brands derived from straight-run residue Arab Light crude oil, along with by-products such as asphalt, marine heavy fuel oil, slack wax, extract, sulfur, ultra-low sulfur diesel, naphtha and drilling fluid; the company operates two production facilities in Jeddah and Yanbu with a combined annual capacity of 1.3 million metric tonnes. Established in 1976 as a joint venture between Petromin and Mobil and headquartered in Jeddah, Saudi Arabia, Luberef serves automotive, marine and manufacturing industries as the Kingdom's sole virgin base oil producer and a member of the Aramco Base Oil Alliance. A wholly owned subsidiary of Saudi Arabian Oil Company, it exports to markets including the United Arab Emirates, India, Egypt, Singapore, the United States and other international destinations. In recent developments, Luberef signed a Contract of Affreightment with Bahri Chemicals in October 2025 for base oil shipments to the Arabian Gulf and west coast of India; a strategic long-term shipping agreement with SC Shipping; and an agreement with Aramco for ultra-low sulfur diesel sales. The company advances its Yanbu Growth II expansion project, 60% complete as of Q3 2025 with revised 2025 CapEx of SAR 200-250 million and targeted completion in early 2026 to produce Group III base oils under the aramcoULTRA brand; it also progresses the LubeHUB Lubricants Value Park to localize lubricant manufacturing in alignment with Saudi Vision 2030.