| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|
| Sales/Revenue | 808.9 | 1,007.1 | -19.68 | 862.7 | -6.236 |
| Gross Profit (Loss) | 122.1 | 94.9 | 28.661 | 69.3 | 76.19 |
| Operational Profit (Loss) | -47.2 | 98.8 | - | -152.5 | -69.049 |
| Net profit (Loss) | -65.8 | 52.8 | - | 895.8 | - |
| Total Comprehensive Income | -4.4 | 4.6 | - | 830.2 | - |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Current Period | Similar period for previous year | %Change |
|---|
| Sales/Revenue | 1,671.6 | 1,768.5 | -5.479 |
| Gross Profit (Loss) | 191.4 | 114.4 | 67.307 |
| Operational Profit (Loss) | -199.7 | 66.5 | - |
| Net profit (Loss) | 830 | -19.2 | - |
| Total Comprehensive Income | 825.8 | -114.2 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 10,480 | 9,535.3 | 9.907 |
| Profit (Loss) per Share | 1.24 | -0.03 |
| 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 | Lower revenue is mainly due to the decrease in average selling prices for most of the products and lower sales volumes for certain products. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net loss is primarily attributable to the decrease in average selling prices for most of the products and lower sales volumes for certain products, lower share of profits from joint ventures due to decrease in average selling prices and increase in cost of certain feedstocks, in addition to higher share of losses from one of the associates (Tronox Holdings plc.), increase in selling expenses and zakat charge, despite decrease in cost of sales due to change in product mix and lower sales volumes, and increase in other income. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Lower revenue is mainly due to the decrease in average selling prices for most of the products and lower sales volumes for certain products. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net loss is primarily attributable to the decrease in average selling prices for most of the products and lower sales volumes for certain products, increase in selling expenses and zakat charge, despite increase in share of profit from a joint venture, decrease in share of losses from one of the associates (Tronox Holdings plc.), decrease in cost of sales due to change in product mix and lower sales volumes, lower net finance costs and higher other income. Note that previous quarter included the one-off non-cash positive impact of debt restructuring for the Acrylic Complex. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Lower revenue is mainly due to the decrease in average selling prices for most of the products and lower sales volumes for certain products. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit is primarily attributable to the one-off non-cash positive impact of debt restructuring for the Acrylic Complex, decrease in cost of sales due to change in product mix and lower sales volumes, and increase in other income, despite decrease in average selling prices for most of the products and lower sales volumes for certain products, lower share of profit from joint ventures due to decrease in average selling prices and increase in cost of certain feedstocks, higher share of losses from one of the associates (Tronox Holdings plc.), and increase in selling expenses and net finance costs. |
| 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) | N/A |
| Reclassification of Comparison Items | Certain corresponding figures for the comparative period have been re-classified in conformity with the current period. |
| Additional Information | As disclosed under Note 45 in the Group's consolidated financial statements for the year ended 31 December 2024, published on Tadawul on 16 March 2025, the Group acquired one of the joint ventures (Saudi Acrylic Monomers Company "SAMCO"), as part of the acrylic restructuring. Consequently, SAMCO is consolidated in the Group's consolidated financial statements from the acquisition date of 31 December 2024, resulting in variances compared to the corresponding periods of previous year. |
- During the current period, the Group successfully completed the debt restructuring and rescheduling for the Acrylic Complex, as announced on Tadawul on 19 February 2025. The associated one-off non-cash gain on the debt restructuring amounting to SR 2,029 million (Tasnee share SR 1,061 million), comprising of the difference between the carrying amount of extinguished liability at the restructuring effective date and the fair value of new liability, prepayment and the restructuring fee has been recognized in the interim condensed consolidated statement of profit or loss, as detailed under Note 10 in the Group's interim condensed financial statements for the first quarter of 2025. The new restructured loan will be subsequently measured at amortized cost using effective interest rate (EIR) method, under applicable accounting standards, which will result in incremental non-cash finance costs over the life of the loan (15 years).
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