On 2026-05-10 09:42:06 (Saudi Time), Saudi Paper Manufacturing Co. announced its Interim financial results for the three months ended on March 31, 2026.

Year-on-Year Performance Drivers

Sales increased 10.004% YoY to SAR 251.35 million, primarily driven by increased paper roll sales from the operation of a fifth production line that raised production capacity by 50%, enabling the company to meet growing market demand. Net profit surged 65.135% YoY to SAR 34.15 million due to improved gross profit margins from higher sales volumes, reduced general and administrative expenses through cost adjustments and streamlining, and lower selling and distribution expenses.

Quarter-on-Quarter Performance Drivers

QoQ revenue increased 12.089% to 251.35 million SAR due to higher quantities of paper rolls sold. Net profit surged 93.703% to 34.15 million SAR, driven by improved gross profit from the 12.1% sales increase and better profit margins, along with decreased financing expenses, reduced provision for impairment of receivables, and lower general and administrative expenses.

Other Items

The auditor issued an unmodified conclusion for the interim period. The previous year's financial statements for the fiscal year ended March 31, 2025 were examined by another auditor who expressed an unqualified conclusion on May 13, 2025. No accumulated losses were reported, with total shareholders' equity reaching SAR 613.72 million, representing a 15.032% increase from the previous year. Earnings per share improved to SAR 0.92 compared to SAR 0.56 in the corresponding period last year.

Original announcement:

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