Equate Petrochemical Company announced that they achieved total revenues of $3.814 billion in 2024, compared to $3.135 billion in 2023. The company also reported a net income of $684 million after tax deductions in 2024, along with earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.270 billion, compared to $308 million and $862 million respectively in 2023.

Equate maintained stable performance amidst a gradual recovery in the sector and challenging market conditions impacted by ongoing disruptions in global supply chains. This included the group's advantage of its global presence and cost benefits to seize available opportunities in key regional markets through active and meticulous management of its product portfolio.

Nasser Al-Dosari, CEO of Equate, stated that the group achieved strong operational performance in 2024, noting an improvement in market fundamentals in the petrochemical sector driven by rising demand and improvements in supply and demand fundamentals.

Al-Dosari added, "In 2024, we demonstrated our high institutional resilience and maintained outstanding results in safety protocols, industrial outputs, and commercial achievements, supported by the exceptional collaboration among our teams across our global facilities."

The financial results of Equate Group reflect their focus on operational reliability and a proactive approach to dealing with challenges and market dynamics, enabling it to successfully implement long-term sustainable strategies.