Basic Chemical Industries Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months ) | premargin

Basic Chemical Industries Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )

TadawulAugust 5, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	188.5	187.62	0.469	161.56	16.674
Gross Profit (Loss)	44.27	46.49	-4.775	37.02	19.584
Operational Profit (Loss)	16.01	18.19	-11.984	10.86	47.421
Net profit (Loss)	9.37	9.79	-4.29	2.86	227.622
Total Comprehensive Income	9.37	9.79	-4.29	2.86	227.622
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	350.06	367.3	-4.693
Gross Profit (Loss)	81.29	89.7	-9.375
Operational Profit (Loss)	26.87	36.55	-26.484
Net profit (Loss)	12.23	20.1	-39.154
Total Comprehensive Income	12.23	20.1	-39.154
Total Shareholders Equity (after Deducting Minority Equity)	574.57	594.77	-3.396
Profit (Loss) per Share	0.04	0.09
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	The increase in sales during the second quarter of the current year compared to the same quarter of the previous year is due to the following: 1- An increase in Basic Chemicals sales by SAR 5.8 million, driven by: - A 24% increase in quantities sold compared to the same quarter last year, resulting in a positive impact of SAR 13.8 million. - An 11% decrease in selling prices, resulting in a negative impact of SAR 8 million. 2- A decrease in Industrial Blending sales by SAR 3.5 million, driven by: - A 22% decrease in quantities sold compared to the same quarter last year, resulting in a negative impact of SAR 2 million. - An 18% decrease in selling prices, resulting in a negative impact of SAR 1.5 million. 3- A decrease in Adhesives sales by SAR 1 million due to lower quantities sold.
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 reason for the decrease in net profit this year compared to the same period of the prior year is due to: Increase in Cost of Sales 3M, decrease in Non-Operating Income 0.8M, decrease in Finance Cost 1M, and decrease in Zakat & Tax Expense 1.9M.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The increase in sales during the second quarter of the current year compared to the previous quarter is due to the following: 1- An increase in Basic Chemicals sales by SAR 13 million, resulting from a 26% increase in quantities sold compared to the previous quarter, with a positive impact of SAR 13 million. Selling prices remained unchanged. 2- An increase in Industrial Chemicals sales by SAR 1 million, resulting from: - A 37% increase in quantities sold compared to the previous quarter, with a positive impact of SAR 2 million. - A 13% decrease in selling prices, with a negative impact of SAR 1 million. 3- A decrease in Polymer sales by SAR 1.5 million, due to a 4% decrease in selling prices, with a negative impact of SAR 1.5 million. Quantities sold remained unchanged. 4- An increase in Adhesives sales by SAR 14.2 million, driven by a 32% increase in quantities sold, resulting in a positive impact of SAR 14.2 million. Selling prices remained unchanged.
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 for the second quarter this year compared to the prior quarter is due to: Increase 27M in revenue, resulting in an increase in gross profit by 7.2M (20%) offset by an increase of 5.2M in operational costs, in addition to an increase in Zakat and tax by 1.9M.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The decrease in sales during the current period compared to the same period of the previous year is due to the following: 1- An increase in Basic Chemicals sales by SAR 9.2 million, driven by: - A 12% increase in quantities sold, resulting in a positive impact of SAR 11.9 million. - A 2% decrease in selling prices, resulting in a negative impact of SAR 2.7 million. 2- A decrease in Industrial Chemicals sales by SAR 4 million, due to: - A 25% decrease in quantities sold, with a negative impact of SAR 1 million. - A 21% decrease in selling prices, with a negative impact of SAR 3 million. 3- A decrease in Industrial Blending sales by SAR 5.2 million, due to: - A 16% decrease in quantities sold, with a negative impact of SAR 2.7 million. - A 17% decrease in selling prices, with a negative impact of SAR 2.5 million. 4- A decrease in Water Treatment sales by SAR 1 million, due to: - A 41% decrease in quantities sold, with a negative impact of SAR 5.6 million. - A 59% increase in selling prices, with a positive impact of SAR 4.6 million. 5- A decrease in Polymer sales by SAR 2.5 million, due to a reduction in selling prices. 6- A decrease in Adhesives sales by SAR 14 million, due to lower selling prices and quantities sold.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the decrease in net profit for the current period compared to the same period of the prior year is due to: Decrease in Sales 17.2M accompanied by decrease in Cost of Sales 8.8M, increase in operating expenses 1.3M, and decrease in financing cost 2M, plus decrease in gains on fair value measurement of derivatives financial instrument and non-operating income 1M, accompanied by decrease in Zakat and tax expense 1M.
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)	-
Reclassification of Comparison Items	N/A
Additional Information	1- Sales for the second quarter of this year reached 188.5 M compared to 187.6M for last year, with an increase of 0.48% and compared to 161.5 M for the prior quarter, with an increase of 16.7%. 2- Sales for the current period reached 350M compared to 367.3M for the same period of last year, with a decrease of 4.7%. 3- Total comprehensive income (excluding minority interests) for the second quarter of this year reached 3.6 million compared to a profit of 2.2 million during the same period last year, with an increase of 63.6%, and compared to a loss of 2.5 million during the prior quarter, with an increase of 244% 4- Shareholders' equity (excluding minority interests) for the second quarter of this year reached 574.6 million compared to 601 million for the prior year end, with a decrease of 4.4%.