Basic Chemical Industries Reports SAR 5.28M Net Profit in Three Months 2026
BCI 1210.SA | 0.00 |
On 2026-05-07 15:51:18 (Saudi Time), Basic Chemical Industries Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 182.56 | 161.56 | 12.998 | 189.5 | -3.662 |
| Gross Profit (Loss) | 38.58 | 37.02 | 4.213 | 17.05 | 126.275 |
| Operational Profit (Loss) | 16.95 | 10.86 | 56.077 | 16.56 | 2.355 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 5.28 | -2.52 | - | 6.48 | -18.518 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 5.28 | -2.52 | - | 5.82 | -9.278 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 595.48 | 598.46 | -0.497 |
| Profit (Loss) per Share | 0.19 | -0.09 | |
| All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 12.998% YoY to 182.56 million driven by higher volumes and prices in Basic Chemicals (17.3M increase) and Adhesives (8.6M increase), partially offset by decreased Polymers sales (7.3M decrease). Net profit turned positive at 5.28 million compared to a loss of 2.52 million in the prior year, primarily due to the 21M revenue increase, 11.7M reduction in cost of goods sold, and 1.3M decrease in zakat and tax expenses, despite 3.2M higher selling and administrative expenses.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 3.662% to 182.56 million due to decreased sales in Basic Chemicals (5.6M from lower prices and volumes) and Polymers (6.4M mainly from reduced tonnage), partially offset by increases in Adhesives and Industrial Chemicals. Net profit fell 18.518% to 5.28 million primarily driven by the 6.9M revenue decrease, though this was partially mitigated by reduced cost of goods sold (4.3M) and lower selling/administrative expenses (3M). The absence of a 3M government export refund received in the prior quarter also contributed to the profit decline.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or qualifications noted. No accumulated losses were reported, indicating the company maintains a positive retained earnings position. Total shareholders' equity stands at 595.48 million, representing a slight 0.497% decrease from 598.46 million in the prior year period. Earnings per share improved significantly to 0.19 from a loss of 0.09 per share in the same quarter last year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95083&anCat=1&cs=1210&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.