Middle East Paper Co. announces its Interim Financial results for the Period Ending on 2026-03-31
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 244,292 | 259,090 | -5.711 | 247,333 | -1.229 |
| Gross Profit (Loss) | 26,609 | 33,947 | -21.616 | 26,252 | 1.359 |
| Operational Profit (Loss) | 4,771 | 13,231 | -63.94 | 2,752 | 73.364 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -1,994 | 5,331 | - | -1,456 | 36.95 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -1,994 | 5,331 | - | -3,669 | -45.652 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,626,175 | 1,611,647 | 0.901 |
| Profit (Loss) per Share | 0.06 | -0.02 | |
| 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 | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The decrease in revenue during the current quarter compared to the similar quarter of the previous year is mainly due to lower average selling prices, despite the relative improvement in sales volume. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The decrease in net profit during the current quarter compared to the similar quarter of the previous year is mainly due to lower revenue and gross profit, as well as to a higher impairment losses on financial assets, which resulted in a shift from net profit in the similar quarter of the previous year to net loss during the current quarter. This was partially offset by a decrease in certain operating expenses, finance costs and zakat expense. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in revenue during the current quarter compared to the previous one is mainly due to lower average selling prices, despite the relative improvement in sales volume. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase in net loss during the current quarter compared to the previous quarter was mainly due to lower revenue, higher impairment losses on financial assets, lower other operating income, and a decrease in finance income. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | We draw attention to Note 10(b) to the interim condensed consolidated financial statements, which |
describes the advance paid by the Group in prior years to acquire land through a public auction. As at 31
March 2026, while the legal ownership of the land is not under dispute, the administrative and procedural
steps required to complete the transfer of the title deed into the Group’s name remain ongoing. Our
conclusion has not been modified in respect of this matter.
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