On 2026-07-26 08:30:43 (Saudi Time), United Carton Industries Company announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the current quarter (Q2 2026), sales/revenue increased 14.655% YoY to SAR 384.09 million (from SAR 334.995 million), driven by higher sales volume across all segments, additional working days compared to the same quarter last year (which were impacted by Eid holidays), and an increase in average selling price. Net profit attributable to shareholders surged 257.755% YoY to SAR 28.785 million (from SAR 8.046 million), as the prior-year quarter was weighed down by elevated raw material costs (mainly paper) in local and international markets, while the current quarter benefited from improved margins resulting from higher sales volume and average selling prices. For the six-month period ended 30 June 2026, revenue rose 7.703% YoY to SAR 737.58 million (from SAR 684.824 million) on higher volumes across all segments and improved average selling prices, while net profit nearly doubled, up 98.273% YoY to SAR 52.937 million (from SAR 26.699 million), similarly attributable to the normalization of raw material costs and enhanced operating margins.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 8.656% to SAR 384.09 million (from SAR 353.489 million in the previous quarter), driven by higher sales volume in the corrugated and containerboard segments alongside an increase in average selling price. Net profit attributable to shareholders grew 19.177% QoQ to SAR 28.785 million (from SAR 24.153 million), also primarily attributable to the higher sales volume and improved average selling price, which together expanded margins.

Other Items

United Carton Industries Company's consolidated interim financial results for the six-month period ended 30 June 2026 received an unmodified conclusion from the external auditor, 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 625,543 thousand as of the current period, compared to SAR 579,594 thousand in the same period of the prior year, reflecting a 7.927% increase. Earnings per share for the six-month period were SAR 1.32, up from SAR 0.67 in the same period last year. No material risks related to going concern or debt default were flagged. Regarding geopolitical developments, the company stated in the announcement that it "continues to monitor the regional geopolitical developments and their potential impact," noting that while "the situation remains evolving, the Group maintains a robust operational framework and healthy financial position to manage associated risks," and that regional impacts on supply chain routes and related costs prompted sales price revisions; as a result, these developments "have not had a material impact on Group's condensed consolidated interim financial information for the three-month and six-month periods ended June 30, 2026," though "the potential impact on the Group's business will continue to be assessed on future reporting dates."

Original announcement:

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