Saudi Paper Manufacturing Company announces its preliminary financial results for the period ending on 2025-06-30 (six months) | premargin

Saudi Paper Manufacturing Company announces its preliminary financial results for the period ending on 2025-06-30 (six months)

TadawulAugust 11, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	208.53	202.33	3.064	228.49	-8.735
Gross Profit (Loss)	70.72	67.45	4.848	69.36	1.96
Operational Profit (Loss)	26.49	30.42	-12.919	30.47	-13.062
Net profit (Loss)	13.9	26	-46.538	20.68	-32.785
Total Comprehensive Income	14.3	26.01	-45.021	20.74	-31.051
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	437.01	431.5	1.276
Gross Profit (Loss)	140.07	149.31	-6.188
Operational Profit (Loss)	56.96	74.67	-23.717
Net profit (Loss)	34.58	62.25	-44.449
Total Comprehensive Income	35.04	62.04	-43.52
Total Shareholders Equity (after Deducting Minority Equity)	547.83	517.85	5.789
Profit (Loss) per Share	0.94	1.68
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 revenues during the current quarter compared to the same quarter of the previous year is due to increased sales of paper rolls and converting products, supported by the implementation of the company's strategy aimed at strengthening its market share and better meeting customer needs.
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 decrease in net profit during the current quarter compared to the same quarter of the previous year is due to additional losses resulting from foreign exchange differences amounting to SAR 6.05 million, in addition to the fact that the same period of the previous year included other revenues that were higher by SAR 4.5 million, an increase in the provision for impairment of accounts receivable by SAR 2.8 million, and an increase in general and administrative expenses.This comes despite improved profit margins, which resulted in a higher value and gross profit margin during the current quarter compared to the same period last year.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the 8.7% decrease in sales during the current quarter compared to the previous quarter is due to a decline in sales volumes due to the current quarter falling during the official Eid holidays, which negatively impacted sales volume.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The decrease in the company's net profit during the current quarter compared to the previous quarter is due to an additional loss resulting from foreign exchange differences amounting to SAR 6.05 million, after the company recorded a loss in the first quarter of SAR 2.7 million, as well as an increase in the provision for impairment of accounts receivable by SAR 2.7 million. This decrease is offset by a significant improvement in profit margins, as the profit margin increased to 34% in the second quarter. After it was 30% in the first quarter of this year.
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 increase in revenues during the current period compared to the same period last year is due to increased sales of manufacturing products, as part of the company's strategy to strengthen its market share and better meet customer needs.
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 decrease in net profit during the current period compared to the same period last year is due to fluctuating raw material prices, which led to lower profit margins, in addition to recording additional losses resulting from foreign exchange differences amounting to SAR 8.8 million. The same period last year also included other revenues, which were higher by SAR 3.7 million.
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)	Nothing
Reclassification of Comparison Items	Nothing
Additional Information	Basic earnings per share are calculated by dividing the net profit attributable to common shareholders of the company by the weighted average number of common shares outstanding during the period. The weighted average number of shares outstanding for the current period and the corresponding period of the previous year is 36,954,212 shares (with a total number of shares of 37,070,000 shares, deducting the effect of 115,788 treasury shares held).