Bawan Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months ) | premargin

Bawan Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )

TadawulNovember 4, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	1,088,978	682,596	59.534	966,143	12.713
Gross Profit (Loss)	168,442	74,259	126.83	171,382	-1.715
Operational Profit (Loss)	86,205	33,719	155.657	105,692	-18.437
Net profit (Loss)	52,336	23,447	123.209	50,373	3.896
Total Comprehensive Income	51,840	23,447	121.094	50,168	3.332
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	2,965,299	2,199,034	34.845
Gross Profit (Loss)	457,942	225,589	102.998
Operational Profit (Loss)	256,244	103,894	146.639
Net profit (Loss)	139,214	75,719	83.856
Total Comprehensive Income	137,818	75,719	82.012
Total Shareholders Equity (after Deducting Minority Equity)	961,433	897,732	7.095
Profit (Loss) per Share	2.32	1.26
All figures are in (Thousands) 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 (Thousands) 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 the company's revenue is mainly due to the recognition of revenue from the oil and gas industries sector during the current quarter, in addition to the increase in revenues from the electrical and plastic industries sectors.
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 reasons for the increase in net profit during the current quarter compared to the same quarter of the previous year are mainly due to the following: - The group's gross profit margin increased from 11% to 15%, as a result of implementing the group's strategic plan to increase the percentage of the contribution of high-margin products in the group's product portfolio. New products in the electrical and plastics industries sectors, in addition to consolidating the results of products from the oil and gas industries sector, contributed to the increase in the group's gross profit margin. - Starting the recognition of revenues and net profit from the newly acquired oil and gas industries sector, which achieved a net profit attributable to the company's shareholders of SAR 41.9 million during the current quarter. - The increase in net profit of the electrical and plastic industries sectors, mainly due to the increase in quantities sold. This increase comes despite the following: - The decrease in net profit of the metal and wood industries sector, mainly due to the decrease in average selling prices of the metal products, and the decrease in quantities sold in the wood products. - The increase in the operational expenses due to starting the consolidation of the oil and gas industries sector results, in addition to the growth in activities of the electrical and plastic industries sectors. - The increase in the finance cost due to the increase in the company's total debt related to the acquisition of the oil and gas industries sector and starting the consolidation of the costs of financing the working capital requirements related to the sector. - The increase in the Zakat expense.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The increase in the company's revenues is mainly due to the increase in revenue from the oil and gas, electrical, and plastic industries sectors.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reasons for the increase in net profit during the current quarter compared to the previous quarter are mainly due to the following: - The increase in net profit of the oil and gas industries sector, mainly due to the increase in quantities sold and the increase in the percentage of completion for existing projects. - The increase in net profit of the plastic industries sector, mainly due to the increase in quantities sold. - The decrease in the finance cost due to the decrease in finance cost of the working capital requirements in the oil and gas industries sector. - The increase in the other income. This increase comes despite the following: - The decrease in net profit of the electrical, metal and wood industries sectors, mainly due to the decrease in average selling prices. - The increase in operational expenses mainly related to non-recurring expenses.
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 the company's revenue is mainly due to the recognition of revenue from the oil and gas industries sector during the current period, in addition to the increase in revenues in the electrical and plastic industries sectors.
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 reasons for the increase in net profit during the current period compared to the same period of the previous year are mainly due to the following: - The group's gross profit margin increased from 10% to 15%, as a result of implementing the group's strategic plan to increase the percentage of the contribution of high-margin products in the group's product portfolio. New products in the electrical and plastics industries, in addition to consolidating the results of products from the oil and gas industries sector, contributed to the increase in the group's gross profit margin. - Starting the recognition of revenues and net profit from the newly acquired oil and gas industries sector, which achieved a net profit attributable to the company's shareholders of SAR 71.6 million during the current period. - The increase in net profit of the electrical and plastic industries sectors, mainly due to the increase in quantities sold. - The increase in net profit of the metal and wood industries sector, mainly due to the improvement in profit margin of metal products. This increase comes despite the following: - The increase in the operational expenses due to starting the consolidation of the oil and gas industries sector results, in addition to the growth in activities of the electrical and plastic industries sectors. - The increase in the finance cost due to the increase in the company's total debt related to the acquisition of the oil and gas industries sector and starting the consolidation of the costs of financing the working capital requirements related to the sector. - The increase in the Zakat expense and the decrease in the other income.
Statement of the type of external auditor's report	Other Matter
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)	The consolidated financial statements for the year ended December 31, 2024 and the interim financial information for the three and nine months period ended September 30, 2024 were audited and reviewed, respectively, by another auditor who expressed an unmodified audit opinion on those statements and unmodified review conclusion on that information on 24 March 2025 (corresponding to 24 Ramadan 1446H) and 3 November 2024 (corresponding to 1 Jumada Al Ula 1446H), respectively.
Reclassification of Comparison Items	Certain comparative figures have been reclassified to conform to the current period presentation.
Additional Information	Non-controlling interests share during the period amounted to a net profit of SAR 13.7 million as compared to a profit of SAR 3.5 million for the same period of the previous year.