2230 · 03/08/2025 08:04:11 · Announcement #89166 · View on Saudi Exchange

Saudi Chemical Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 1,765.621,615.039.3241,643.727.416
Gross Profit (Loss) 225.88204.5810.411219.982.682
Operational Profit (Loss) 109.36114.84-4.771118.72-7.884
Net profit (Loss) 69.4672.71-4.46982.33-15.632
Total Comprehensive Income 69.4672.71-4.46982.33-15.632
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 3,409.343,259.994.581
Gross Profit (Loss) 445.8418.216.597
Operational Profit (Loss) 228.03234.1-2.592
Net profit (Loss) 151.74164.17-7.571
Total Comprehensive Income 151.74164.17-7.571
Total Shareholders Equity (after Deducting Minority Equity) 2,200.521,964.4512.017
Profit (Loss) per Share 0.180.19
All figures are in (Millions) Saudi Arabia, Riyals
Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
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 revenues increased by the amount of 150.6 million Riyal compared to the same quarter last year with 9.3% due to the increase in sales volumes.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Decrease in net income is attributable to the increase in selling expenses, expected credit loss on trade receivables, despite the increase in gross profit due to the increase in sales volumes.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The revenues increased by the amount of 121.9 million Riyal compared to the Previous quarter with 7.4% due to the increase in sales volumes.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Decrease in net income is attributable to the increase in expected credit loss on trade receivables, finance costs, zakat and tax provision despite the increase in gross profit due to the increase in sales volumes.
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 revenues increased by the amount of 149.4 million Riyal compared to the same period last year with 4.6% due to the increase in sales volumes.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Decrease in net income is attributable to the increase in general expenses, expected credit loss on trade receivables, finance costs, and revaluation loss on derivative financial instruments related to interest rate exposure, despite the increase in gross profit due to the increase in sales volumes.
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) not applicable
Reclassification of Comparison Items Certain comparative figures for the previous period have been reclassified to conform to the current period’s presentation.
Additional Information -

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