| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 371,466 | 351,059 | 5.812 | 334,995 | 10.887 |
| Gross Profit (Loss) | 54,792 | 61,160 | -10.412 | 41,381 | 32.408 |
| Operational Profit (Loss) | 23,826 | 41,946 | -43.198 | 11,045 | 115.717 |
| Net profit (Loss) | 20,600 | 36,756 | -43.954 | 8,046 | 156.027 |
| Total Comprehensive Income | 20,600 | 36,756 | -43.954 | 8,046 | 156.027 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,056,290 | 1,021,740 | 3.381 |
| Gross Profit (Loss) | 147,528 | 194,988 | -24.339 |
| Operational Profit (Loss) | 57,406 | 116,026 | -50.523 |
| Net profit (Loss) | 47,300 | 99,490 | -52.457 |
| Total Comprehensive Income | 47,300 | 99,482 | -52.453 |
| Total Shareholders Equity (after Deducting Minority Equity) | 600,194 | 516,551 | 16.192 |
| Profit (Loss) per Share | 1.18 | 2.49 | |
| 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 | Revenue increased by 5.8% primarily due to higher sales volume across all segments as compared to the same quarter of the last year. |
| 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 is mainly due to higher prices of raw material, mainly paper, in the local and international markets as compared to the same quarter of the last year resulting in increase in cost of revenue which was partly offset by increase in volume across all segments and finance income earned on short term deposits as compared to the same quarter of the 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 10.9% mainly due to higher sales volume across all segments 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 | The increase in net profit of the current quarter as compared to the previous quarter is mainly due to higher sales volume across all segments and marginally lower costs, mainly paper, in the local and international markets as compared to previous quarter. |
| 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 for the nine-month ended September 30, 2025 increased by 3.4% primarily due to higher sales volume as compared to the same period of the 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 | The decrease in net profit is mainly due to higher prices of raw material, mainly paper, in the local and international markets as compared to the same period of the last year resulting in increase in cost of revenue which was partly offset by increase in volume and finance income earned on short term deposits as compared to the same period of the 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 | On July 10, 2024, the Group acquired 100% equity shareholding in Ras Al Khaimah Packaging Company, a corrugated packaging company based in the United Arab Emirates. The final determination of purchase price was completed during December 2024 wherein the fair value of its property, plant and equipment was determined to be significantly higher than provisional amounts resulting in a net bargain purchase gain of Saudi Riyals 11.2 million which reflects the final determination of the purchase price and the fair value of acquired assets and liabilities. The above transaction resulted in restatement of corresponding amounts in the consolidated interim financial information to retrospectively reflect the impact of measurement period adjustment as follows: (i) Bargain purchase gain was recognised in the statement of profit or loss and other comprehensive income by Saudi Riyals 11.2 million, which is net of deferred tax charge amounting to Saudi Riyals 1.5 million; and (ii) Cost of sales have been increased by incremental depreciation charge of Saudi Riyals 1.3 million. Accordingly, the comparative figures in the consolidated interim financial information for the three-month and nine-month periods ended September 30, 2024 have been restated to reflect the above. Further, the total shareholders’ equity of the similar period for previous year stated above includes the impact of the restatement. There is no impact on the consolidated interim statement of financial position as the comparative balances are as of December 31, 2024 which includes the impact of measurement period adjustment. |
| Additional Information | None |
