| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | Revenue increased by 4.6% primarily due to higher sales volume in corrugated & folding carton (duplex) segments as compared to last year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The decrease in net profit is mainly due to higher prices of raw material, mainly paper, in the local and international markets as compared to last year resulting in increase in cost of revenue, which was partly offset by increase in sales volume in the corrugated & folding carton (duplex) segments and finance income earned on short term deposits as compared to last year. Further, during the year ended December 31, 2024, there was a one-off bargain purchase gain of Saudi Riyals 11.24 million on acquisition of a 100% owned subsidiary, Ras Al Khaimah Packaging Ltd. Co. LLC in the United Arab Emirates, resulting in higher net profit in the previous year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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 | Subsequent to the year ended December 31, 2025, the Board of Directors approved an expansion project for the plant related to Ras Al Khaimah Packaging Ltd. Co. LLC, a wholly owned subsidiary incorporated in the United Arab Emirates, with an estimated cost of Saudi Riyals 75.9 million (AED 74 million). The project financing is through a combination of operating cashflows and external borrowings. The project is expected to commence during the second quarter of 2026 and is expected to be completed during the third quarter of the year 2027. During the year ended December 31, 2025, Integrated Packaging Industries Company, a wholly owned subsidiary of the Company finalized its insurance claim in respect of the fire incident that occurred during 2024, for an aggregate amount of Saudi Riyals 25.08 million. A partial claim amount of Saudi Riyals 12.72 million was approved by the insurance company during 2024 and the balance claim amount of Saudi Riyals 12.36 million was approved during the year ended December 31, 2025. Accordingly, these were recorded as income from insurance claim in the consolidated statement of profit or loss and other comprehensive income in these years. Out of the balance amount of Saudi Riyals 12.36 million, the subsidiary has received a sum of Saudi Riyals 8.33 million prior to the year-end December 31, 2025 and Saudi Riyals 4.03 million was collected subsequent to the year-end December 31, 2025. |
