Saudi Aramco Base Oil Company - Luberef (2223.SR)

Key financials

ROE: 19.05%; 2025 (actual)
ROA: 11.15%; 2025 (actual)
Gross Margin: 14.55%; 2025 (actual)
Net Margin: 10.56%; 2025 (actual)
Total Assets: SAR 7,606.40M; 2025 (actual)
Net Income: SAR 855.32M; 2025 (actual)
Valuation: SAR 15,185.96M; 2026 (forecast)
Stock Price: SAR 90.25; 2026 (forecast)

Historical & projected performance

Reported figures and Equlion model projections for the next 5 years.

Metric	2025 (actual)	2026 (forecast)	2027	2028	2029	2030	2031
ROE	19.05%	33.15%	28.06%	22.06%	18.3%	15.74%	13.81%
Sector average	-	8.87%	9.85%	7.26%	5.83%	3.69%	-1.21%
ROA	11.15%	18.4%	15.54%	13.5%	12%	10.87%	9.92%
Sector average	-	5.12%	5.3%	4.55%	4.16%

Amounts in SAR (millions); stock price per share. Values that are missing or fail Equlion's automated data-quality checks are shown as “-”. Stock price and valuation carry no data date: they are the Equlion model's estimate for 2026. Projections are model estimates, not investment advice.

Want the full financial forecast report for Saudi Aramco Base Oil Company - Luberef? It covers the balance sheet, income statement and Equlion model projections.

Gross Margin	14.55%	18.26%	18.26%	18.26%	18.26%	18.26%	18.26%
Sector average	-	21.38%	21.38%	21.38%	21.38%	21.38%	15.1%

Net Margin	10.56%	14.08%	14.26%	14.19%	14.2%	14.19%	14.22%
Sector average	-	8.06%	9.3%	8.47%	8.5%	8.12%	8.05%

Total Assets	SAR 7,606.40M	SAR 9,600.73M	SAR 11,266.22M	SAR 12,947.36M	SAR 14,654.57M	SAR 16,417.91M	SAR 18,191.99M
Sector average	-	SAR 273,635.52M	SAR 301,952.23M	SAR 330,339.60M	SAR 359,172.28M	SAR 388,393.18M	SAR 123,031.15M

Net Income	SAR 855.32M	SAR 1,582.74M	SAR 1,621.78M	SAR 1,634.12M	SAR 1,656.78M	SAR 1,688.13M	SAR 1,716.14M
Sector average	-	SAR 26,626.02M	SAR 27,473.24M	SAR 27,481.62M	SAR 27,864.16M	SAR 28,094.32M	SAR 1,573.92M

Valuation	-	SAR 15,185.96M	SAR 15,023.69M	SAR 14,960.29M	SAR 15,000.01M	SAR 15,149.52M	SAR 15,425.49M
Sector average	-	SAR 411,650.82M	SAR 408,502.65M	SAR 409,565.18M	SAR 413,535.69M	SAR 421,565.13M	SAR 14,783.77M

Stock Price	-	SAR 90.25	SAR 89.29	SAR 88.91	SAR 89.15	SAR 90.04	SAR 91.68
Sector average	-	SAR 52.83	SAR 49.35	SAR 51.78	SAR 52.62	SAR 58.05	SAR 54.79