The annual ordinary general assembly for the fiscal year April 2025-April 2026 of Farabi Petrochemical Company was held on the 30th of June, while the financial statements presented showed the decisive success of the management team in overcoming the crisis and exiting accumulated losses.
According to the performance report of the company’s board of directors, which was presented at the beginning of the general assembly of Farabi Petrochemical, which is one of the subsidiaries of TAPICO Holding, despite the special conditions of the country as well as feedstock supply limitations and crises arising from the US–Israel war against Iran, was able—relying on crisis management, employee solidarity, and planned programs—to complete a successful year in terms of production, sales, and profitability.
Farabi Petrochemical managed to record operating profit of 18 trillion rials and net profit of 20 trillion rials, and increased its gross profit margin from 18 percent to 20 percent, which indicates improved productivity and control of cost of goods sold.
According to this report, Farabi Petrochemical, in addition to registering a 50‑year monthly production record of phthalic anhydride in April 2026 and a 54 percent increase in the production of dioctyl phthalate, succeeded in recording a 29 percent growth in revenues and an unprecedented jump in profit.
One of the strengths of Shafara’s general assembly report was the resolution of the historical challenge of securing feedstock (ortho-xylene). In this regard, the signing of a contract with Bouali Sina Petrochemical Company to supply at least 3.1 tons of stable feedstock per month covers 81 percent of the company’s needs. The company has managed, through the coordination carried out, to purchase the required feedstock at a lower rate compared to previous periods, which has a direct impact on reducing the cost price of PAF (phthalic anhydride).
According to the published report on the company’s improvement projects, it is emphasized that management has placed special focus on renovation and increasing storage capacity.
Farabi Petrochemical has also, by reactivating the wastewater treatment project of the phthalic anhydride unit after a one-year halt, recorded 77 percent progress in 2025, which heralds the return of this company to the path of growth and development.
Also, the construction of three 1,000-cubic-meter floating-roof tanks for storing raw materials and the product dioctyl phthalate (DOP), and the completion of the industrial wastewater treatment pond project with 96 percent progress, were among the other important actions of 2025. In addition, the developmental project of fumaric acid, as a strategic project, will be put into operation by December 2026.
