Filling & Packing Materials MFG. Co. (FIPCO) announces the Consolidated Interim Financial results for the period ended Sep. 30, 2025 (Nine Months)

1- Decrease in gross profit due from decreased sales volume resulted from the product mix variance, despite the gross profit was improved in the parent company.

2- Sales and marketing expenses increased due to the increased recruitment costs as well as higher shipping expenses.

3- Increase in G&A expenses because of settling the financial and legal due diligence paid to the specialized advisors that relates to the acquisition of Bina Industrial Investment Holding Co. full equity interests in the company as previously announced on Tadawul Website dated Jun. 04, 2025, in addition to the increased employees’ provisions and higher recruitment costs.

4- Expected credit losses provision has been increased in accordance with IFRS 9 as a result for delayed collections from some major customers.

5- Increase in banking charges because of higher loans.

6- Decrease in other income.

These results were achieved despite lower zakat provision.

1- Improving the gross profit for the parent company and the subsidiary “FPC” resulted from the improved product mix.

2- Decrease in G&A expenses because of settling most of the fees related to financial and legal due diligence expenses paid to the financial advisor that relates to the acquisition of Bina Industrial Investment Holding Co. full equity interests in the company as previously announced on Tadawul Website dated Jun. 04, 2025. The larger portion of these expenses was settled during the second quarter, while the remaining amounts were settled in the third quarter.

3- Expected credit losses provision has been decreased in accordance with IFRS 9 as a result for delayed collections from some major customers during the second quarter of 2025.

4- Lower zakat provision.

These results were achieved despite lower other income.

1- Decrease in gross profit due from declined turnover and the product mix variance and profitability margins in the subsidiary “FPC”, however higher turnover and gross profit of the parent company.

2- Sales and marketing expenses increased due to the increased recruitment costs.

3- Increase in G&A expenses because of settling the financial and legal due diligence expenses paid to the financial advisor that relates to the acquisition of Bina Industrial Investment Holding Co. full equity interests in the company as previously announced on Tadawul Website dated Jun. 04, 2025, in addition to an increase of recruitment costs and employees’ provisions.

4- Expected credit losses provision has been increased in accordance with IFRS 9 as a result for delayed collections from some major customers.

5- Increase in banking charges because of higher loans.

These results were achieved despite lower zakat provision.