MEPCO

Middle East Paper Co.

1202StocksTadawulMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	244.29M	247.33M	278.97M	275.13M	259.09M
Cost of Revenue	217.68M	223.48M	242.62M	238.07M	225.14M
Gross Profit	26.61M	23.85M	36.36M	37.06M	33.95M
SG&A	19.43M	25.69M	22.89M	29.15M	25.53M
Operating Expenses	21.84M	25.22M	19.22M	25.11M	20.72M
Operating Income	4.77M	-1.37M	17.14M	11.95M	13.23M
Interest Income	4.77M	6.30M	7.84M	6.03M	6.26M
Interest Expense	-8.62M	-8.56M	-8.27M	-9.08M	-9.86M
Other Income/Expense	—	—	—	—	—
Pretax Income	0.93M	0.50M	16.60M	8.90M	9.63M
Income Tax	2.33M	2.60M	2.65M	3.86M	4.34M
Net Income	-1.99M	-1.46M	14.31M	5.23M	5.33M
EBITDA	29.50M	25.68M	44.93M	39.93M	44.79M
EBIT	4.77M	-1.37M	17.14M	11.95M	13.23M
EPS (Basic)	-0.02	-0.02	0.17	0.06	0.06
EPS (Diluted)	-0.02	-0.02	0.17	0.06	0.06
Margins & Efficiency
Gross Margin %	+10.9%	+9.6%	+13.0%	+13.5%	+13.1%
EBITDA Margin %	+12.1%	+10.4%	+16.1%	+14.5%	+17.3%
Net Margin %	-0.8%	-0.6%	+5.1%	+1.9%	+2.1%
Revenue & Income
Revenue	244.29M	247.33M	278.97M	275.13M	259.09M
Revenue Growth (YoY)	-5.7%	-14.7%	+0.8%	+7.9%	+6.4%
Interest & Investment Income	4.77M	6.30M	7.84M	6.03M	6.26M
Gain (Loss) on Sale of Assets	—	0.04M	—	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Currency Exchange Gain (Loss)	—	-2.02M	-0.11M	—	—
Expenses & Provisions
Cost of Revenue	217.68M	223.48M	242.62M	238.07M	225.14M
Selling, General & Admin	19.43M	25.69M	22.89M	29.15M	25.53M
Operating Expenses	21.84M	25.22M	19.22M	25.11M	20.72M
Other Operating Expenses	-1.60M	-0.35M	-2.21M	-5.42M	-0.92M
Interest Expense	-8.62M	-8.56M	-8.27M	-9.08M	-9.86M
Other Non Operating Income (Expenses)	—	—	—	—	—
Asset Writedown	—	—	—	—	—
D&A For EBITDA	24.73M	27.05M	27.79M	27.98M	31.56M
Profitability & Returns
Gross Profit	26.61M	23.85M	36.36M	37.06M	33.95M
Gross Margin	+10.9%	+9.6%	+13.0%	+13.5%	+13.1%
EBIT	4.77M	-1.37M	17.14M	11.95M	13.23M
EBIT Margin	+2.0%	-0.6%	+6.1%	+4.3%	+5.1%
EBITDA	29.50M	25.68M	44.93M	39.93M	44.79M
EBITDA Margin	+12.1%	+10.4%	+16.1%	+14.5%	+17.3%
EBT Excluding Unusual Items	0.93M	-5.64M	16.60M	8.90M	9.63M
Pretax Income	0.93M	0.50M	16.60M	8.90M	9.63M
Operating Income	4.77M	-1.37M	17.14M	11.95M	13.23M
Operating Margin	+2.0%	-0.6%	+6.1%	+4.3%	+5.1%
Profit Margin	-0.8%	-0.6%	+5.1%	+1.9%	+2.1%
Net Income	-1.99M	-1.46M	14.31M	5.23M	5.33M
Net Income to Common	-1.99M	-1.46M	14.31M	5.23M	5.33M
Net Income Growth	—	—	—	+29.4%	—
Earnings From Continuing Ops.	-1.40M	-2.10M	13.95M	5.05M	5.30M
Minority Interest in Earnings	-0.59M	0.64M	0.35M	0.18M	0.03M
Income Tax Expense	2.33M	2.60M	2.65M	3.86M	4.34M
Effective Tax Rate	+251.3%	+519.6%	+15.9%	+43.3%	+45.0%
Per Share & Capital
EPS (Basic)	-0.02	-0.02	0.17	0.06	0.06
EPS (Diluted)	-0.02	-0.02	0.17	0.06	0.06
EPS Growth	—	—	—	+29.4%	—
Dividend Per Share	—	—	—	—	—
Shares Change (YoY)	—	-0	—	—	—
Shares Outstanding (Basic)	86.67M	86.67M	86.67M	86.67M	86.67M
Shares Outstanding (Diluted)	86.67M	86.67M	86.67M	86.67M	86.67M
Dividend Growth	—	—	—	—	—
Free Cash Flow	-102.78M	-84.27M	7.28M	29.53M	-71.11M
Free Cash Flow Margin	-42.1%	-34.1%	+2.6%	+10.7%	-27.4%
Free Cash Flow Per Share	-1.19	-0.97	0.08	0.34	-0.82
Payout Ratio	—	—	—	—	—
Supplemental
Other Unusual Items	—	6.11M	—	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	244.29M	247.33M	278.97M	275.13M	259.09M
Cost of Revenue	217.68M	223.48M	242.62M	238.07M	225.14M
Gross Profit	26.61M	23.85M	36.36M	37.06M	33.95M
SG&A	19.43M	25.69M	22.89M	29.15M	25.53M
Operating Expenses	21.84M	25.22M	19.22M	25.11M	20.72M
Operating Income	4.77M	-1.37M	17.14M	11.95M	13.23M
Interest Income	4.77M	6.30M	7.84M	6.03M	6.26M
Interest Expense	-8.62M	-8.56M	-8.27M	-9.08M	-9.86M
Other Income/Expense	—	—	—	—	—
Pretax Income	0.93M	0.50M	16.60M	8.90M	9.63M
Income Tax	2.33M	2.60M	2.65M	3.86M	4.34M
Net Income	-1.99M	-1.46M	14.31M	5.23M	5.33M
EBITDA	29.50M	25.68M	44.93M	39.93M	44.79M
EBIT	4.77M	-1.37M	17.14M	11.95M	13.23M
EPS (Basic)	-0.02	-0.02	0.17	0.06	0.06
EPS (Diluted)	-0.02	-0.02	0.17	0.06	0.06
Margins & Efficiency
Gross Margin %	+10.9%	+9.6%	+13.0%	+13.5%	+13.1%
EBITDA Margin %	+12.1%	+10.4%	+16.1%	+14.5%	+17.3%
Net Margin %	-0.8%	-0.6%	+5.1%	+1.9%	+2.1%
Revenue & Income
Revenue	244.29M	247.33M	278.97M	275.13M	259.09M
Revenue Growth (YoY)	-5.7%	-14.7%	+0.8%	+7.9%	+6.4%
Interest & Investment Income	4.77M	6.30M	7.84M	6.03M	6.26M
Gain (Loss) on Sale of Assets	—	0.04M	—	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Currency Exchange Gain (Loss)	—	-2.02M	-0.11M	—	—
Expenses & Provisions
Cost of Revenue	217.68M	223.48M	242.62M	238.07M	225.14M
Selling, General & Admin	19.43M	25.69M	22.89M	29.15M	25.53M
Operating Expenses	21.84M	25.22M	19.22M	25.11M	20.72M
Other Operating Expenses	-1.60M	-0.35M	-2.21M	-5.42M	-0.92M
Interest Expense	-8.62M	-8.56M	-8.27M	-9.08M	-9.86M
Other Non Operating Income (Expenses)	—	—	—	—	—
Asset Writedown	—	—	—	—	—
D&A For EBITDA	24.73M	27.05M	27.79M	27.98M	31.56M
Profitability & Returns
Gross Profit	26.61M	23.85M	36.36M	37.06M	33.95M
Gross Margin	+10.9%	+9.6%	+13.0%	+13.5%	+13.1%
EBIT	4.77M	-1.37M	17.14M	11.95M	13.23M
EBIT Margin	+2.0%	-0.6%	+6.1%	+4.3%	+5.1%
EBITDA	29.50M	25.68M	44.93M	39.93M	44.79M
EBITDA Margin	+12.1%	+10.4%	+16.1%	+14.5%	+17.3%
EBT Excluding Unusual Items	0.93M	-5.64M	16.60M	8.90M	9.63M
Pretax Income	0.93M	0.50M	16.60M	8.90M	9.63M
Operating Income	4.77M	-1.37M	17.14M	11.95M	13.23M
Operating Margin	+2.0%	-0.6%	+6.1%	+4.3%	+5.1%
Profit Margin	-0.8%	-0.6%	+5.1%	+1.9%	+2.1%
Net Income	-1.99M	-1.46M	14.31M	5.23M	5.33M
Net Income to Common	-1.99M	-1.46M	14.31M	5.23M	5.33M
Net Income Growth	—	—	—	+29.4%	—
Earnings From Continuing Ops.	-1.40M	-2.10M	13.95M	5.05M	5.30M
Minority Interest in Earnings	-0.59M	0.64M	0.35M	0.18M	0.03M
Income Tax Expense	2.33M	2.60M	2.65M	3.86M	4.34M
Effective Tax Rate	+251.3%	+519.6%	+15.9%	+43.3%	+45.0%
Per Share & Capital
EPS (Basic)	-0.02	-0.02	0.17	0.06	0.06
EPS (Diluted)	-0.02	-0.02	0.17	0.06	0.06
EPS Growth	—	—	—	+29.4%	—
Dividend Per Share	—	—	—	—	—
Shares Change (YoY)	—	-0	—	—	—
Shares Outstanding (Basic)	86.67M	86.67M	86.67M	86.67M	86.67M
Shares Outstanding (Diluted)	86.67M	86.67M	86.67M	86.67M	86.67M
Dividend Growth	—	—	—	—	—
Free Cash Flow	-102.78M	-84.27M	7.28M	29.53M	-71.11M
Free Cash Flow Margin	-42.1%	-34.1%	+2.6%	+10.7%	-27.4%
Free Cash Flow Per Share	-1.19	-0.97	0.08	0.34	-0.82
Payout Ratio	—	—	—	—	—
Supplemental
Other Unusual Items	—	6.11M	—	—	—