Methanol Chemicals Co. announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	179.34	180.77	-0.791	169.04	6.093
Gross Profit (Loss)	27.76	26.46	4.913	24.53	13.167
Operational Profit (Loss)	-20.47	-17.96	13.975	-19.34	5.842
Net profit (Loss)	-24.43	-24.59	-0.65	-28.28	-13.613
Total Comprehensive Income	-24.43	-24.59	-0.65	-28.28	-13.613
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	531.65	555.85	-4.353
Gross Profit (Loss)	74.11	59.07	25.461
Operational Profit (Loss)	-56.39	-62.27	-9.442
Net profit (Loss)	-76.94	-83.62	-7.988
Total Comprehensive Income	-76.94	-83.62	-7.988
Total Shareholders Equity (after Deducting Minority Equity)	963.62	1,138	-15.323
Profit (Loss) per Share	-1.14	-1.24
All figures are in (Millions) 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 (Millions) 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 reason for the decrease in revenue during the current quarter compared to the same quarter of last year is mainly due to drop in average selling prices which was partially compensated by an increase in sales quantities.
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 reason for the slight decrease in losses during the current quarter compared to the loss in the same quarter of last year is mainly due to:

- an increase in sales quantities

- slight improvement in productions costs even though the feedstock prices increased at the beginning of the year.

- The above improvement has been partially compensated by decline in sales prices.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the increase in revenue during the current quarter compared to the previous quarter is mainly due to an increase in selling quantities even though there was a decline in average selling prices.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the decrease in losses during the current quarter compared to the previous quarter is mainly due to an increase in selling quantities even though there was a decline in average selling prices.The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The reason for the decrease in revenue during the current period compared to the same period of the last year is mainly due to a drop in average selling prices even though the selling quantities witnessed an increase during the period.The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason for the decrease in losses during the current period compared to the same period of the last year is mainly due to an increase in sales quantities together with a drop in average raw material prices even though feedstock price increased at the beginning of the year.Statement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) N/AReclassification of Comparison Items N/AAdditional Information The Company presented its first condensed consolidated interim financial statements from Q1 2024 onwards.

The Company is actively pursuing the growth projects (MDEA & Choline Chloride etc..) as announced earlier. This will help Chemanol to become a future leader in speciality petrochemicals space.

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