United Carton Industries Company announces the consolidated interim financial results for the three-month and six-month periods ended 30 June 2026

United Carton Industries reported a significant 257.8% surge in net profit for Q2 2026, reaching SAR 28.79 million compared to SAR 8.05 million in the same period last year, which brought six-month earnings to SAR 52.94 million (+98.3% YoY).
Quarterly revenue increased by 14.7% YoY to SAR 384.09 million, driven by higher sales volumes across all segments, increased average selling prices, and additional working days compared to the prior-year quarter which was impacted by the Eid holidays.
Profitability was primarily bolstered by improved margins following a recovery from high raw material (paper) costs that hindered the previous year's performance, as well as successful sales price revisions to offset regional supply chain disruptions.
Earnings per share nearly doubled to SAR 1.32 from SAR 0.67, supported by a 7.9% growth in total shareholders’ equity to SAR 625.54 million, reflecting a strengthened financial position despite ongoing geopolitical monitoring in the region.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	384,090	334,995	14.655	353,489	8.656
Gross Profit (Loss)	65,142	41,381	57.42	57,650	12.995
Operational Profit (Loss)	32,303	11,045	192.467	27,189	18.809
Net Profit (Loss) Attributable to Shareholders of the Issuer	28,785	8,046	257.755	24,153	19.177
Total Comprehensive Income Attributable to Shareholders of the Issuer	28,807	8,046	258.028	24,153	19.268
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	737,580	684,824	7.703
Gross Profit (Loss)	122,791	92,736	32.409
Operational Profit (Loss)	59,492	33,580	77.164
Net Profit (Loss) Attributable to Shareholders of the Issuer	52,937	26,699	98.273
Total Comprehensive Income Attributable to Shareholders of the Issuer	52,959	26,699	98.355
Total Shareholders Equity (after Deducting Minority Equity)	625,543	579,594	7.927
Profit (Loss) per Share	1.32	0.67
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	-	-
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	Revenue for the current quarter increased by 14.7% primarily due to higher sales volume across all segments, additional working days in the current quarter as compared to the same quarter of last year which were impacted by Eid holidays and increase in average selling price.
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 the same quarter of last year was impacted by increased raw material prices, mainly paper, in the local and international markets. During the current quarter, increase in net profit is attributed mainly to increase in sales volume and average selling price resulting in improved margins as compared to the same quarter of last year.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Revenue increased by 8.7% primarily due to higher sales volume in corrugated and containerboard segments and increase in average selling price as compared to the previous quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	Net profit of the current quarter is higher than previous quarter primarily due to higher sales volume and average selling price.
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 increased by 7.7% primarily due to higher sales volume across all segments supplemented by increase in average selling price as compared to the same period of last year.
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 the same period of last year was impacted by increased raw material prices, mainly paper, in the local and international markets. During the current period, increase in net profit is attributed mainly to increase in sales volume and average selling price resulting in improved margins as compared to the same period of last year.
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)	None
Reclassification of Comparison Items	None
Additional Information	The Group continues to monitor the regional geopolitical developments and their potential impact. While the situation remains evolving, the Group maintains a robust operational framework and healthy financial position to manage associated risks. These developments have regionally impacted on the supply chain routes and related costs for which the Group initiated sales price revisions. As a result, these have not had a material impact on Group's condensed consolidated interim financial information for the three-month and six-month periods ended June 30, 2026. However, given the evolving nature of the conflict, the potential impact on the Group’s business will continue to be assessed on future reporting dates.