Saudi aramco: Saudi Aramco today announced its financial results for the fourth quarter of 2025, reporting strong growth, significant profits, and increasing returns.
According to Saudi Press Agency, the company stated that the net income reached SAR392.5 billion ($104.7 billion) for the 2025 fiscal year and SAR94.0 billion ($25.1 billion) for the fourth quarter. Cash flow from operating activities reached SAR510.8 billion ($136.2 billion) for the 2025 fiscal year, while reaching SAR153.2 billion ($40.8 billion) for the fourth quarter.
Saudi Aramco indicated that free cash flow reached SAR320.4 billion ($85.4 billion) for the 2025 fiscal year and SAR103.0 billion ($27.5 billion) for the fourth quarter. The gearing ratio was 3.8% as of December 31, 2025, compared to 4.5% at the end of 2024. The company highlighted a capital investment of SAR195.9 billion ($52.2 billion) in 2025, which aligns with the capital investment guidance, reflecting a year-on-year decrease of SAR3.8 billion ($1.0 billion). The capital investment guidance for 2026 ranges between SAR187.5 billion ($50.0 billion) and SAR206.3 billion ($55.0 billion).
The results showed that total shareholder distributions amounted to SAR320.4 billion ($85.5 billion) in 2025. The board of directors announced a base dividend for the fourth quarter of SAR82.08 billion ($21.89 billion), a 3.5% year-on-year increase, to be paid in the first quarter of 2026. The company also announced a share buyback program of up to SAR11.3 billion ($3.0 billion) over 18 months.
Saudi Aramco confirmed continued progress towards increasing sales gas production capacity by approximately 80% by 2030, compared to 2021 production levels. This includes the start of production at Jafurah and the commencement of operations at the Tanajib Gas Plant. Additionally, the Marjan crude oil increment was brought onstream, and water injection operations commenced at the Berri crude oil increment.
The company stated that plans to acquire a significant minority interest in HUMAIN are advancing, aimed at seizing new value-creation opportunities in artificial intelligence. The technology realized value reached SAR19.9 billion ($5.3 billion) from AI, digital, and other solutions in 2025, bringing the total cumulative technology realized value to SAR42.4 billion ($11.3 billion) since 2023.
Saudi Aramco also indicated that the iktva program achieved a localization rate of 70% in procurement, with a target to reach 75% by 2030 to support supply chain resilience.
Aramco President and CEO Amin Nasser commented on the company's performance, emphasizing robust growth and strong cash flows in 2025, which reinforced confidence in their strategy. Nasser highlighted the disciplined capital allocation and the strength of their operations, which enabled a 3.5% increase to their base dividend. He also mentioned ongoing investments in operations and gas expansion, which are progressing on schedule to meet rising domestic demand.