APICO Reports SAR 15.18M Net Profit in the Six Months 2026
APICO 9548.SA | 0.00 |
On 2026-08-25 08:02:54 (Saudi Time), Arabian Plastic Industrial Company (APICO) announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 112,139,131 | 99,527,506 | 12.671 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 15,184,642 | 10,602,011 | 43.224 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 128,869,041 | 124,934,399 | 3.149 | ||
| Profit (Loss) per Share | 2.02 | 1.41 | |||
| All figures are in (Actual) 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 (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 revenues during the current year compared to the previous year due to the increase in the production capacity mainly from Kharj factory. |
| 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 increase in Net Profit during this year compared to the previous year is mainly due to the increase in Revenue and to the focus on the high profitable products. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Not applicable |
| Additional Information | Not applicable |
Year-on-Year Performance Drivers
Sales increased 12.671% YoY to SAR 112.14 million (from SAR 99.53 million), driven by higher production capacity, primarily from the Kharj factory. Net profit attributable to shareholders rose 43.224% YoY to SAR 15.18 million (from SAR 10.60 million), mainly due to the increase in revenue and a strategic focus on higher-margin products, with earnings per share improving from SAR 1.41 to SAR 2.02.
Other Items
The external auditor issued an unmodified conclusion for the six-month period ending June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 128,869,041, compared to SAR 124,934,399 in the same period of the prior year, reflecting a 3.149% increase. No accumulated losses or profits/losses resulting from changes in investment property fair value were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97772&anCat=1&cs=9548&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.