ASG Plastic Factory Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

- Higher sales volumes and values as a result of growing demand and an expanding customer base, supported by increased production capacity following the launch of the second factory expansion project covering 61,350 square meters.

- Continued strong demand during the Ramadan season, which is considered one of the key seasons for the packaging industry.

- Growth in revenues from the pipes and fittings segment due to strengthened market presence and increased market share.

- Higher contribution from the subsidiary to the Group’s results following an improvement in its financial performance.

- Improved operational performance and higher operating efficiency, which contributed to the growth in net profit compared to the corresponding period of the previous year.

On the other hand:

- General and administrative expenses increased due to non-recurring costs associated with the Company’s plan to transition to the Main Market.

- Financing costs increased as a result of the commencement of recognizing fees related to the financing provided by the Saudi Industrial Development Fund (SIDF).

- Higher revenues resulting from increased demand and sales volumes. It is worth noting that both periods coincided with key operating seasons for the Group, as the current quarter aligned with the Ramadan season, while the previous quarter coincided with the winter season, which typically sees higher demand for the pipes sector and certain packaging products.

- Increased order volumes and an expanded customer base compared to the previous quarter.

- Continued benefits from the expansion in production capacity, which contributed to meeting demand more efficiently.

- Higher revenues, improved operational efficiency, and the Company’s continued efforts to control and optimize operating costs.

- Lower selling and marketing expenses compared to the previous quarter, as most marketing campaigns and activities were concentrated during the prior quarter.

On the other hand:

- General and administrative expenses increased due to non-recurring costs associated with the Company’s plan to transition to the Main Market, in addition to initiatives aimed at automating operational and administrative processes and increasing headcount in line with the Group’s expansion and growth plans.