United Carton Industries Co. announces its Interim Financial results for the Period Ended on 2025-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	349,830	355,513	-1.598	322,736	8.395
Gross Profit (Loss)	51,355	73,574	-30.199	43,784	17.291
Operational Profit (Loss)	22,535	42,335	-46.769	39,793	-43.369
Net profit (Loss)	18,653	34,646	-46.161	35,155	-46.94
Total Comprehensive Income	18,653	34,638	-46.148	38,922	-52.075
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)	564,178	545,524	3.419
Profit (Loss) per Share	0.47	0.87
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	-	-
Accumulated Losses	-	-
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	Revenue marginally decreased by 1.60% primarily due to lower sales prices in corrugated segment as compared to the same quarter of the last year.
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 is mainly due to increase in prices of raw material, mainly paper, in the local and international markets as compared to the same quarter of the last year resulting in increase in cost of revenue which was partly offset by lower operating expenses as compared to the same quarter of the last year.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Revenue increased by 8.4% mainly due to higher sales volume as compared to the previous quarter. This is due to high volume of orders from customers before the month of Ramadan, during Q1 2025.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The net profit of the current quarter is higher than previous quarter after excluding the insurance income of Saudi Riyal 12.73 million relating to one of the subsidiaries and one-off bargain purchase gain of Saudi Riyal 11.24 million on acquisition of a 100% owned subsidiary in Ras Al Khaimah in the United Arab Emirates from the net profit of the previous quarter.
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)	-
Reclassification of Comparison Items	None
Additional Information	Subsequent to the three-month period ended March 31, 2025, one of the subsidiaries of the Company has signed lease agreements resulting in a transfer of ownership of plant and building amounting to Saudi Riyal 10.4 million.

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