| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 365.49 | 267.66 | 36.55 | 326.84 | 11.825 |
| Gross Profit (Loss) | 39.01 | -13.05 | - | -98.21 | - |
| Operational Profit (Loss) | 12.34 | -41.48 | - | -1,320.92 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 12.17 | -17.23 | - | -845.44 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 12.17 | -17.23 | - | -841.33 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 2,467.96 | 3,475.91 | -28.998 |
| Profit (Loss) per Share | 0.18 | -0.25 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The increase in revenue is due to higher sales volumes of polypropylene and specialties polypropylene products. It should be noted that Natpet suspended operations for 23 days during the first quarter of 2025 as part of a planned shutdown for routine plant maintenance. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The main reason for the increase in net profit is due to increase in revenue by 37%, and improved profit margins on polypropylene and specialties polypropylene products |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason for the increase in the revenues is due to increase in sales quantity by 5% compared to the fourth quarter of 2025. In addition to the company’s product prices improvement in the month of March 2026 |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason for the increase in net profit is mainly due to the recording of an accounting impairment loss (non-reoccurring) on goodwill and impairment on property, plant, and equipment of Natpet amounted to SAR 1,309 million (Alujain’s share is SAR 851 million) during the fourth quarter of 2025. In addition to the improved netback margins for polypropylene and specialties polypropylene products. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | None |
| Additional Information | 1. More than SAR 1.1 billion have been invested in Alujain new project up to the end of Q1-2026, and more than SR 800 million have been committed to purchase main long lead equipment. A significant portion of the initial construction work has been completed. In addition, substantial progress has been made in the work related to securing project financing 2. The improvement in the company’s product prices in March 2026 (due to the current volatility in the petrochemical market) had a positive impact on the company’s operating performance for the first quarter of 2026, and this price improvement is expected to continue in the short term. 3. The decrease in equity is due to the recognition of a one-time impairment loss of SAR 1,309 million on goodwill and property, plant, and equipment of Natpet during the fourth quarter of 2025. For more information, please refer to the Earnings Release attached to this announcement |
| Attached Documents | Attached Documents |
