Market: Tadawul
Symbol: 2223
ISIN: SA15M1HH2NH5
Industry: Materials
Luberef is one of the world’s leading suppliers of high-quality base oils and a virgin base oil producer in the Kingdom of Saudi Arabia. Founded in 1976 in Jeddah, Luberef was originally established as a joint venture between Petromin and Mobil that today stands as a pioneer in the base oils sector.
From our two facilities in Yanbu and Jeddah, we have a combined capacity to produce 1.3 million metric tonnes per annum of base oils for the use in high value branded lubricants, primarily for the automotive, marine, and industrial sectors.
Today, Luberef is a joint venture between Saudi Aramco (70%) and Jadwa Industrial Investment Company (30%).
| Key Performance Indicators (SARm) | 2020 | 2021 | 2022 |
| Statement of Comprehensive Income | |||
| Sale | 4,393.5 | 8,846.7 | 10,613.9 |
| Gross profit | 414.9 | 2,041.8 | 2,503.8 |
| Operating profit | 149.0 | 1,755.6 | 2,171.1 |
| Profit / (loss) for the year | 81.1 | 1,502.5 | 1,978.1 |
| Statement of Financial Position | |||
| Total assets | 7,312.4 | 8,364.3 | 8,644.8 |
| Total liabilities | 3,600.8 | 4,119.8 | 3,562.0 |
| Total equity | 3,711.6 | 4,244.5 | 5,082.8 |
| Statement of Cash-flows | |||
| Net cash inflow from operating activities | 311.5 | 1,814.6 | 2,016.9 |
| Net cash generated (outflow) / inflow from investing activities | 11.1 | (221.6) | (48.8) |
| Net cash (outflow) / inflow from financing activities | 171.3 | (916.4) | (1,405.4) |
| Cash and cash equivalents at end of year | 672.9 | 1,349.5 | 1,912.1 |
| Key Indicators | |||
| Gross profit margin (%) | 9.4 | 23.1 | 23.6 |
| EBITDA margin (%) | 10.4 | 23.7 | 23.7 |
| Current ratio | 0.9 | 2.1 | 3.0 |