MEPCO Reports SAR 24.87M Net Profit in Q3 2025
MEPCO 1202.SA | 0.00 |
On 2025-11-02 08:05:33 (Saudi Time), Middle East Paper Co. announced its Interim financial results for the nine months ended on September 30, 2025. For the period, the company recorded revenue of SAR 813.20 million (up 4.87% YoY) and a net profit of SAR 24.87 million.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 278,975 | 276,895 | 0.751 | 275,130 | 1.397 |
| Gross Profit (Loss) | 36,358 | 36,773 | -1.128 | 37,061 | -1.896 |
| Operational Profit (Loss) | 17,032 | -14,414 | - | 11,952 | 42.503 |
| Net profit (Loss) | 14,309 | -18,501 | - | 5,225 | 173.856 |
| Total Comprehensive Income | 14,309 | -17,178 | - | 5,970 | 139.681 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
Year-on-Year Performance Drivers
Sales increased by 4.871% YoY to SAR 813.20 million due to a 2% improvement in sales quantity and 3% increase in selling prices. The company achieved a significant turnaround with net profit of SAR 24.87 million compared to a loss of SAR 32.82 million in the previous year, driven by decreased selling and marketing expenses (20%), reduced general and administrative expenses (26%), improved collection of overdue receivables, and a 137% increase in other income from Ministry of Energy support for fuel consumed in 2024.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased by 1.397% due to a 3% improvement in selling prices, partially offset by a 2% decrease in sales quantity. Net profit grew by 173.856% QoQ, driven by a 176% improvement in operating profit resulting from a 35% reduction in selling expenses, 19% decrease in administrative costs, and 206% reduction in financial asset losses reflecting improved customer collection performance.
Other Items
The external auditor provided an unmodified conclusion on Middle East Paper Co.'s interim financial results for the period ending September 30, 2025. The company's financial statements contain no material uncertainties or significant risk factors that require disclosure. Total shareholders' equity stands at SAR 1,631,838 thousand, representing a slight decrease of 1.239% compared to the same period last year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=91108&anCat=1&cs=1202&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/8295_642_2025-11-01_19-04-21_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.