| 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 decrease in revenue during the current quarter compared to the same quarter of the previous year is mainly due to a decrease in paper roll prices resulting from a decline in the prices of raw materials used in the manufacture of paper rolls, along with a slight decrease in sales volumes of paper rolls. This decrease is offset by an increase in sales of recycled paper |
| 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 during the current quarter compared to the same quarter of the previous year is due to the increase in some operating expenses from electricity due to the increase in the cost of the tariff and the cost of maintenance work to implement the planned major maintenance work, in addition to an increase in the provision for impairment of accounts receivable by an amount of 6.8 million riyals During the period, other profits amounting to SAR 6.16 million were also recorded, resulting from the sale of the entire stake in the Moroccan Paper Manufacturing Company, which is 100% owned by one of the subsidiaries. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decline in sales during this quarter compared to the previous quarter is mainly due to the decrease in paper roll prices, resulting from the drop in raw material prices used in the manufacture of paper rolls |
| 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 lower profit margins resulting from fluctuating raw material and selling prices. The company also recorded an increase in certain operating expenses due to the execution of planned major maintenance work, in addition to an increase in the provision for doubtful accounts by SAR 3.9 million, Conversely, the current quarter saw a decrease in selling and distribution expenses, as well as in administrative expenses. Additionally, other gains of SAR 6.16 million were recorded during the period, resulting from the sale of the entire stake in the Moroccan Paper Manufacturing Company, which was 100% owned by one of its subsidiaries. |
| 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 revenue during the current period compared to the same period of the previous year is mainly due to a decrease in paper roll prices as a result of lower prices for raw materials used in the manufacture of paper rolls, along with a slight decrease in sales volumes of paper rolls. This is offset by an increase in sales of downstream products and recycled paper |
| 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 of the previous year is due to fluctuations in raw material prices, which led to a decrease in profit margins, in addition to an increase in the provision for doubtful accounts by SAR 8.5 million, and the recording of other losses resulting from foreign exchange differences amounting to SAR 9.1 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) | The Group's financial statements for the fiscal year ended December 31, 2024, were audited by another auditor who issued an unqualified opinion on those financial statements on Shawwal 1, 1446 AH (corresponding to March 30, 2025) The company’s condensed consolidated interim financial statements were examined on September 30, 2024, by another auditor, who expressed an unqualified opinion on those financial statements on 02 Jumada Al-Awwal 1446 AH (corresponding to November 4, 2024). |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to conform to the current period's classification in order to present a better view that is consistent with the current period's presentation |
| Additional Information | Basic earnings per share are calculated by dividing the net profit attributable to the company’s ordinary shareholders by the weighted average number of ordinary shares outstanding during the period, and the weighted average number of shares outstanding for the current period and the corresponding period of the previous year, which is 36,954,212 shares (where the total number of shares is 37,070,000 shares, from which the effect of the treasury shares held, amounting to 115,788 shares, is deducted) |
