ASG Plastic Factory Co. announces its Annual Financial results for the period ending on 2025-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 179,786,267 | 141,719,183 | 26.86 | ||
| Gross Profit (Loss) | 73,545,597 | 59,584,394 | 23.43 | ||
| Operational Profit (Loss) | 33,896,815 | 33,699,099 | 0.59 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 32,936,326 | 32,208,951 | 2.26 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 32,778,417 | 32,162,663 | 1.91 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 155,364,612 | 131,046,195 | 18.56 | ||
| Profit (Loss) per Share | 4.67 | 4.88 | |||
| All figures are in (Actual) 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 (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The group achieved a 27% growth in revenues during 2025, reaching 179,8 million Saudi Riyals compared to 141,7 million Saudi Riyals in 2024. This positive performance is attributed to:
– The commencement of new production lines under the second factory expansion project, covering an area of (61,350 m²), in addition to the development of some existing lines, which contributed to increasing production capacity, expanding operational activities, and meeting the growing market demand. – Strengthening the brand’s position and continuing to implement marketing strategies to grow the customer base, which supported market share, increased recurring sales, and attracted new customers. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The group’s net profit increased by 2% to reach 32,9 million Saudi Riyals in 2025, compared to 32,2 million Saudi Riyals in 2024, driven by:
– A 19% growth in net profit for the Packaging segment, reaching 26,5 million Saudi Riyals compared to 22,2 million Saudi Riyals in 2024, supported by higher sales volumes and stable operating margins. Despite strong revenue growth, net profit increased at a slower pace, due to several temporary factors during the period: – The operation of new production lines as part of expansion plans, which resulted in higher depreciation and operating expenses associated with supporting the growth of operations. – In a more competitive environment in the Pipes and Fittings sector, the company implemented intensive sales and marketing policies to enhance market share, leading to a non-recurring increase in selling, marketing, and shipping expenses during the period. – Administrative expenses increased due to the expansion of the workforce, supporting the company’s strategies for sustainable growth and expansion. |
| Statement of the type of external auditor’s report | Unmodified opinion |
| 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) | None |
| Reclassification of Comparison Items | Some comparative figures for the same period of the previous year have been reclassified to conform with the presentation of the current period.
However, the reclassification has no impact on the previously reported net profit or shareholders’ equity. For more details, please refer to Note (31) in the financial statements. |
| Additional Information | Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): Increased in 2025 to reach 46,360,382 Saudi riyals, compared to 40,751,638 Saudi riyals in 2024, achieving an EBITDA margin of 26% and annual growth of 14%.
Earnings per share: Earnings per share were calculated by dividing the net profit for the year by the weighted average number of shares outstanding during the year. The weighted average number of shares outstanding for 2024 was (6,597,945) shares, and for 2025 it was (7,050,000) shares. For more details, please refer to Note (24) in the financial statements. Projects Under Implementation: Based on the Board of Directors’ approval in its meeting held on 02-04-1447 AH corresponding to 24-09-2025 AD, to commence the construction of a factory expansion project covering an area of (100,959 m²) in Sudair Industrial and Business City, as part of the company’s expansion plans to increase production capacity and keep pace with the sector’s rapid growth, the project reached 18% completion as of 31 December 2025. For more details, please refer to Note (5) and Note (29) in the financial statements. Loans and Financing: On 31-12-2025, the group signed a loan agreement with the Saudi Industrial Development Fund for a total amount of (35,000,000) Saudi Riyals for a period of two years, aimed at financing working capital. As of the consolidated financial position date, no withdrawals have been made from the loan balance, and the full amount remains available for use. For more details, please refer to Note (32) in the financial statements. |
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