luberef®ANNUAL REPORT 2025
LUBEREF · ANNUAL REPORT 2025Download centre

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IN THIS CHAPTER 01 / 05

Overview

Luberef at a glance. Our performance, our journey and the value we create.

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01 / THE COMPANY

Luberef
at a Glance.

Luberef operates two production facilities in Yanbu and Jeddah, with a combined base oil operating capacity of 1,455,000 MT. The Company’s products are supplied to customers domestically across Saudi Arabia and exported internationally to key markets in the Middle East, Africa, Asia, the Americas, and Europe.

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COMBINED BASE OIL OPERATING CAPACITY1,455,000MT

Yanbu

1,180,000 MTGroup I · Group II

Jeddah

275,000 MTGroup I
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02 / 2025 PERFORMANCE

Financial
Performance.

Luberef’s financial performance in 2025 reflects the impact of planned operational activity alongside resilient underlying fundamentals. During the year, base oil sales volumes declined in line with lower production resulting from the planned turnaround, while revenue amounted to SAR 8.1 billion, compared to SAR 10.0 billion in the prior year.

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Revenue · 20258,103 SAR million
Revenue — SAR million
Revenue by year, SAR million
YearSAR million
8,847
10,614
9,489
10,036
8,103

Profitability was affected by lower sales volumes and reduced by-product contribution. EBITDA amounted to SAR 1.1 billion, while net income reached SAR 855 million. These impacts were partially mitigated by improved base oil crack margins, supported by lower feedstock prices and effective commercial optimization.

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Luberef production facilities and storage tanks
03 / GROWTH II

Yanbu
Growth II

2025 report outlook
PROJECT AND TRANSFORMATION

The Yanbu Growth II Expansion is a cornerstone of Luberef’s strategy to enhance operational flexibility. Once operational in 2026, the project will raise the Yanbu facility’s total capacity to 1.26 million metric tons per year, enabling production of up to 670,000 metric tons of Group III base oils or up to 1,120,000 metric tons of Group II base oils, depending on market demand.

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Two people planting a tree04 / PEOPLE & RESPONSIBILITY
ESG HIGHLIGHTS

ESG
at Luberef.

In 2025, Luberef continued to advance its ESG agenda through targeted social, environmental, and community initiatives that strengthened inclusion, enhanced well-being, and supported sustainable development in line with Saudi Vision 2030.

CSR projects & initiatives
20+
Employee volunteering hours
400+
People impacted by CSR activities
20,078

Luberef strengthened its commitment to workforce inclusion by signing a collaboration agreement with the Qaderoon Association to support people with disabilities.

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EXPLORE THE REPORT

A complete
perspective.

05 CHAPTERS / 2025
01

Overview

Luberef at a glance. Our performance, our journey and the value we create.

02

Strategic Review

Our business model, strategic priorities and operational performance.

03

ESG Review

Environmental, social and governance performance.

04

Corporate Governance Report

Our leadership, governance framework and accountability.

05

Financial Statements

Financial statements and notes for the year ended 31 December 2025.

LEADERSHIP PERSPECTIVES

Leading
with purpose.

Ibrahim Q. Al Buainain
Luberef’s strategic direction is straightforward. We aim to consolidate our position as a leading base oil producer in the region, grow into a higher-value product portfolio, and support the development of a competitive lubricant ecosystem in the Kingdom and internationally.
Ibrahim Q. Al BuainainChairman
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