Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has officially notified the Saudi Exchange (Tadawul) of a continued delay in the publication of its interim financial results for the first quarter (Q1) that ended on 31 March 2026.
The company confirmed that it is currently unable to release the quarterly figures because the audit procedures for its 2025 annual financial statements have not yet reached completion, according to a bourse filing.
In a follow-up disclosure issued to the market, Chemanol referenced its previous announcement dated 11 May, which first detailed the challenges in meeting the statutory deadline for Q1-26.
The company informed shareholders that the inability to post these results persists, as the foundational annual financial statements for the year ended on 31 December 2025, remain under review.
The primary cause for the delay is the ongoing nature of the audit for the 2025 fiscal year. Chemanol clarified that there are specific requirements and documentation currently being processed and reviewed with the company’s external auditor.
In terms of the financial consequences of this delay, Chemanol stated that there are no direct costs associated with the postponement at this time.
The company further noted that the delay does not have a direct impact on its current financial statements, characterizing the issue as a procedural and regulatory matter rather than a reflection of a change in its financial position.
Regarding the status of its shares, the company confirmed that the suspension of trading for its listed securities will continue to be applied. This suspension is in accordance with the Listing Rules of Tadawul, which mandate such actions when a listed entity fails to publish its financial results within the timeframes specified by the Capital Market Authority.
The suspension will remain in effect until the company resolves the reporting backlog.
Chemanol has committed to maintaining transparency with its investors throughout this period, stating that it will provide monthly updates regarding the progress of the 2025 audit and the subsequent timeline for Q1-26 results.
Furthermore, the company emphasized its commitment to immediate disclosure should any material developments occur before the next scheduled monthly update.
