The Company derives revenue from the transfer of goods at a point in time and revenue from freight services over a period of time. The Company has the following major product lines:
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| Description | 2025 | 2024 |
|---|---|---|
| Revenue from base oil sales1 | 4,340,143 | 5,268,343 |
| Revenue from byproducts sales | 3,763,212 | 4,767,511 |
| 8,103,355 | 10,035,854 |
By-product sales includes sales of Fuel Oil Blend, Marine Heavy Fuel Oil, Asphalt, Naphtha, Diesel, and other related products.
1 During the year ended December 31, 2024, the Company has recognised revenue from freight services amounting to Saudi Riyals 137.60 million (December 31, 2024: Saudi Riyals 236.54 million).
The management has categorized its geographical operations as follows:
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| Geographic information | 2025 | 2024 |
|---|---|---|
| Revenues from local sales | ||
| Kingdom of Saudi Arabia | 5,059,605 | 6,002,841 |
| Revenues from export sales | ||
| United Arab Emirates | 1,629,588 | 2,270,605 |
| India | 534,111 | 803,358 |
| South Africa | 292,907 | 226,343 |
| Singapore | 128,954 | 78,631 |
| Egypt | 107,250 | 184,683 |
| United States of America | 93,027 | 69,405 |
| South Korea | 89,918 | 105,191 |
| Cyprus | 53,052 | 61,431 |
| Others | 114,943 | 233,366 |
| Total | 8,103,355 | 10,035,854 |