Middle East Paper Reports SAR 13.29M Net Profit in the Six Months 2026
MEPCO 1202.SA | 0.00 |
On 2026-08-11 08:11:40 (Saudi Time), Middle East Paper 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 | 298,013 | 275,130 | 8.317 | 244,292 | 21.99 |
| Gross Profit (Loss) | 56,521 | 37,061 | 52.508 | 26,609 | 112.413 |
| Operational Profit (Loss) | 20,374 | 11,952 | 70.465 | 4,771 | 327.038 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 15,289 | 5,225 | 192.612 | -1,994 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 18,151 | 5,970 | 204.036 | -1,994 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 542,305 | 534,220 | 1.513 |
| Gross Profit (Loss) | 83,130 | 71,008 | 17.071 |
| Operational Profit (Loss) | 25,144 | 25,183 | -0.154 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 13,294 | 10,557 | 25.925 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 16,157 | 11,301 | 42.969 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,644,326 | 1,628,169 | 0.992 |
| Profit (Loss) per Share | 0.15 | 0.12 | |
| All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, sales/revenue increased 1.513% YoY to SAR 542.31 million (from SAR 534.22 million), driven primarily by higher sales volumes and improved average selling prices in paperboard. Net profit attributable to shareholders rose 25.925% YoY to SAR 13.29 million (from SAR 10.56 million), supported by improved gross profit and gross profit margin, which expanded from SAR 71.01 million to SAR 83.13 million, alongside a net positive impact from items below operating profit.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 21.99% to SAR 298.01 million (from SAR 244.29 million in the prior quarter), driven by higher sales volumes and improved average selling prices. Gross profit surged 112.413% QoQ to SAR 56.52 million, reflecting a significantly improved gross profit margin. Net profit turned around sharply from a loss of SAR 1.99 million in the previous quarter to a profit of SAR 15.29 million in the current quarter, primarily attributable to the higher revenue, improved gross profit margin, and the resulting strong recovery in operating profit.
Other Items
The external auditor issued an unmodified conclusion on the 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. Total shareholders' equity (after deducting minority equity) stood at SAR 1,644,326 thousand as of the current period, compared to SAR 1,628,169 thousand in the same period of the prior year, representing a 0.992% increase. Earnings per share for the current period were SAR 0.15, up from SAR 0.12 in the same period of the previous year. No material risks, going concern uncertainties, accumulated losses, 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=97498&anCat=1&cs=1202&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/8295_642_2026-08-10_23-01-36_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.