Shiraz Petrochemical recorded more than 53% Income growth during the months of April to July 2026.
Improved July Income Despite Declining Production
An examination of Shiraz Petrochemical’s monthly activity report for July 2026 shows that the company recorded higher revenue than in June; however, declining production and cumulative four-month performance continue to indicate ongoing pressure on the company’s operational sector.
According to the published report, Shiraz Petrochemical produced 228,329 tons of products and sold 57,272 tons in July. The company’s revenue also reached 31,900 billion rials.
More than Doubling of Revenue Compared with June
Monthly performance shows that July income increased significantly compared with June. In June, the company produced 245,008 tons of products but sold only 29,466 tons, with revenue limited to 14,279 billion rials.
Although production volume declined slightly in July, the significant increase in sales volume caused the company’s revenue to more than double compared with the previous month. Meanwhile, July income also experienced substantial growth compared with July 1404, rising from approximately 5,000 billion rials to nearly 32,000 billion rials.
Income Dependence on the Urea Market
An examination of the the months of April to July 2026 sales composition also shows that the majority of Shiraz Petrochemical’s income continues to come from urea-chain products.
The company’s income is primarily based on sales of agricultural urea and bulk exported urea, increasing the company’s dependence on developments in the global urea market and export conditions.
Consequently, any change in global urea prices, export restrictions, or currency fluctuations could directly affect the company’s income and profitability.
Although July’s performance improved in terms of income and sales compared with June, cumulative four-month figures show that Shiraz Petrochemical has still not managed to compensate for the decline in production and sales compared with the previous year.
On the other hand, the reliance of income growth on higher selling prices has made the sustainability of this trend largely dependent on market conditions. Continued declines in production, reduced sales volume, and the concentration of revenue in the urea chain are among the key risks that could affect the company’s performance in the coming months—unless management can strengthen income growth through operational performance as well by increasing capacity utilization and improving sales volume.
