| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 336 | 472 | -28.813 | 454 | -25.991 |
| Gross Profit (Loss) | 79 | 105 | -24.761 | 109 | -27.522 |
| Operational Profit (Loss) | 51 | 87 | -41.379 | 80 | -36.25 |
| Net profit (Loss) | 93 | 72 | 29.166 | 69 | 34.782 |
| Total Comprehensive Income | 93 | 72 | 29.166 | 69 | 34.782 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 790 | 987 | -19.959 |
| Gross Profit (Loss) | 188 | 212 | -11.32 |
| Operational Profit (Loss) | 132 | 177 | -25.423 |
| Net profit (Loss) | 162 | 148 | 9.459 |
| Total Comprehensive Income | 162 | 148 | 9.459 |
| Total Shareholders Equity (after Deducting Minority Equity) | 784 | 792 | -1.01 |
| Profit (Loss) per Share | 2.4 | 2.1 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| 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 | Revenue decreased to SAR 336 million for the second quarter of financial year 2025 (“Q2 2025”) from SAR 472 million for the second quarter of financial year 2024 (“Q2 2024”) mainly as a result of the decrease in volume. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit of SAR 93 million for Q2 2025 compared to a net profit of SAR 72 million for Q2 2024 is mainly due to: a) Lands settlement compensation amounting to SAR 54 million recorded in Q2 2025 which resulted from the settlement concluded with the sellers of three land plots in Dammam, which were purchased by the Company in 2010 (“the Lands Purchase Transaction”), pursuant to which the Lands Purchase Transaction was unwound, and the sellers reimbursed the purchase price paid by the Company, plus a compensation for damages, for an aggregate amount of SAR 211 million in cash compared to a book value amounting to SAR 158 million (“Lands Settlement”). The concerned land plots were not part of the production facilities of the Company. The above listed positive effect was partially offset by: b) Gross profit decreased to SAR 79 million in Q2 2025 from SAR 105 million in Q2 2024 as a result of the decrease in volume and mix of products sold. c) Selling, marketing and distribution expenses increased to SAR 15 million in Q2 2025 from SAR 6 million in Q2 2024 mainly as a result of non-periodic charges recorded in Q2 2025. EBITDA represents earnings before interest, tax, depreciation, and amortization. SSP recorded an EBITDA amounting to SAR 72 million in Q2 2025, compared to SAR 105 million in Q2 2024. SSP recorded a positive free cash flow of SAR 1 million in Q2 2025 (which doesn’t include the Lands Settlement aggregate amount received in cash) compared to SAR 17 million in Q2 2024. Net debt decreased to SAR 141 million at the end of Q2 2025 from SAR 333 million at the end of Q2 2024, despite the total dividends distributed in Q2 2025 amounting to SAR 200 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue decreased to SAR 336 million for Q2 2025 from SAR 454 million for the first quarter of financial year 2025 (“Q1 2025”) mainly as a result of the decrease in volume. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit of SAR 93 million in Q2 2025 compared to net profit of SAR 69 million for Q1 2025 is mainly due to the following reasons: a) Lands Settlement compensation amounting to SAR 54 million recorded in Q2 2025. The above listed positive effect was partially offset by: b) Gross profit decreased to SAR 79 million in Q2 2025 from SAR 109 million in Q1 2025 as a result of the decrease in volume and mix of products sold. EBITDA represents earnings before interest, tax, depreciation, and amortization. SSP recorded a positive EBITDA amounting to SAR 72 million in Q2 2025 compared to SAR 101 million in Q1 2025. Due to the increase in working capital and higher capital expenditures, SSP recorded a positive free cash flow of SAR 1 million in Q2 2025 (which doesn’t include the Lands Settlement aggregate amount received in cash) compared to a positive free cash flow of SAR 210 million in Q1 2025. Net debt decreased to SAR 141 million at the end of Q2 2025 from SAR 155 million at the end of Q1 2025, mainly as a result of the aggregate amount received from the Lands Settlement partially offset by the total dividends paid in Q2 2025. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue decreased to SAR 790 million for the first six months of financial year 2025 (“6M 2025”) from SAR 987 million for the first six months of financial year 2024 (“6M 2024”) as a result of the decrease in volume. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit of SAR 162 million for 6M 2025 compared to a net profit of SAR 148 million for 6M 2024 is mainly due to the following reasons: a) Lands Settlement compensation amounting to SAR 54 million recorded in 6M 2025. b) Other income increased to SAR 5 million in 6M 2025 from SAR 2 million in 6M 2025. c) Finance charges decreased to SAR 17 million in 6M 2025 from SAR 19 million in 6M 2024 mainly as a result of the decrease in borrowing. The above listed positive effects were partially offset by: d) Gross profit decreased to SAR 188 million in 6M 2025 from SAR 212 million in 6M 2024, mainly as a result of the decrease in volume and mix of products sold. e) Selling, marketing and distribution expenses decreased to SAR 36 million in 6M 2025 from SAR 12 million in 6M 2024 that resulted mainly from non-periodic charges recorded in 6M 2025. EBITDA represents earnings before interest, tax, depreciation, and amortization. SSP recorded a positive EBITDA amounting to SAR 173 million in 6M 2025, compared to SAR 211 million in 6M 2024. As a result of the effective working capital management, SSP recorded a positive free cash flow of SAR 211 million in 6M 2025 (which doesn’t include the Lands Settlement aggregate amount received in cash) compared to a negative free cash flow of SAR (16) million in 6M 2024. Net debt decreased to SAR 141 million at the end of 6M 2025 from SAR 333 million at the end of 6M 2024, despite the total dividends distributed in 6M 2025 amounting to SAR 200 million. |
| Statement of the type of external auditor's report | Notice |
| 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) | - |
| Reclassification of Comparison Items | - |
| Additional Information | See attached document for the highlights of the quarter. |
| Attached Documents | Attached Documents |
