Filling & Packing Materials MFG. Co. (FIPCO) announces the Consolidated Interim Financial results for the period ended Mar. 31, 2026 (Three Months)

1- Higher gross profit driven by increased sales volumes at the company and its subsidiary (FPC), variation in product mix, and improved profit margins at the subsidiary (FPC).

2- Lower general and administrative expenses.

3- Higher other income following the successful recovery of previously written-off receivables.

4- Decrease in Zakat provision.

This came despite the following:

1- Increase in selling and marketing expenses due to higher hiring and freight costs.

2- Increase in expected credit loss provisions in line with IFRS 9.

3- Higher finance costs.

1- Higher gross profit driven by improved profit margins at the company and its subsidiary.

2- Lower selling and marketing expenses.

3- Lower general and administrative expenses.

4- Decrease in expected credit loss provisions in line with IFRS 9, due to the recognition of a specific provision for a major customer at the end of the 4th quarter of 2025.

This was despite the following:

1- Re-evaluating the contingent liability against non-controlling interest acquisition during the 4th quarter of 2025.

2- Lower other income.

3- Increase in Zakat provision.