ASG Plastic Reports SAR 23.87M Net Profit in the Six Months 2026
ASG 9607.SA | 0.00 |
On 2026-08-06 16:05:24 (Saudi Time), ASG Plastic Factory Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 62,465,308 | 37,683,847 | 65.761 | 56,036,271 | 11.472 |
| Gross Profit (Loss) | 26,135,730 | 16,601,303 | 57.431 | 22,629,316 | 15.495 |
| Operational Profit (Loss) | 14,158,439 | 6,859,116 | 106.417 | 11,493,142 | 23.19 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 13,184,951 | 6,801,510 | 93.853 | 10,680,470 | 23.449 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 13,184,951 | 6,801,510 | 93.853 | 10,680,470 | 23.449 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 118,501,579 | 85,698,906 | 38.276 |
| Gross Profit (Loss) | 48,765,046 | 36,633,207 | 33.117 |
| Operational Profit (Loss) | 25,651,581 | 16,560,834 | 54.893 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 23,865,421 | 16,532,690 | 44.352 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 23,865,421 | 16,532,690 | 44.352 |
| Total Shareholders Equity (after Deducting Minority Equity) | 172,532,533 | 155,364,612 | 11.05 |
| Profit (Loss) per Share | 3.39 | 2.35 | |
| 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 | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, ASG Plastic Factory Co. reported sales/revenue of SAR 118.50 million (converted from 118,501,579 Actual ÷ 1,000,000), up 38.276% YoY from SAR 85.70 million, driven by higher sales volumes stemming from increased demand, expanded production capacity and greater utilization of manufacturing facilities, and continued efforts to strengthen market presence and broaden the customer base. Net profit attributable to shareholders rose 44.352% YoY to SAR 23.87 million from SAR 16.53 million, primarily attributable to the strong revenue growth, the ongoing implementation of efficiency enhancement and operational improvement initiatives that bolstered profit margins, and the benefits derived from expanded production capacity enabling the Group to better meet growing demand.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 11.472% to SAR 62.47 million (vs. SAR 56.04 million in Q1 2026), driven by stronger seasonal demand — particularly for the Packaging segment during the summer season — and expanded production capacity enabling greater fulfillment of orders. Net profit climbed 23.449% QoQ to SAR 13.18 million (vs. SAR 10.68 million), supported by higher revenue, improved operating margins from increased production efficiency, and the Group's ongoing cost optimization initiatives.
Other Items
The external auditor issued an unmodified conclusion on ASG Plastic Factory Co.'s interim financial results for the six months ended June 30, 2026, with no additional comments noted in any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. No material risks, going concern uncertainties, debt covenant breaches, or reclassification of comparison items were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97363&anCat=1&cs=9607&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/22173_6086_2026-08-06_15-12-46_en.pdfImportant 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.