ASG Plastic Factory Co. announces its Interim Financial results for the period ending on 2025-06-30 ( Six Months )
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 85,698,906 | 68,422,389 | 25.249 | ||
| Net profit (Loss) | 16,532,690 | 18,624,810 | -11.232 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 142,996,385 | 131,046,195 | 9.119 | ||
| Profit (Loss) per Share | 2.35 | 2.96 | |||
| 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 period compared to the same period of the last year is | The group achieved a 25% growth in revenues during the first half of 2025, reaching 85,7 SAR million, compared to 68,4 SAR million in the first half of 2024. This growth is attributed to:
1- An increase in sales resulting from higher production capacity and the addition of new production lines. 2- Product diversification and a wider range of options, which enhanced the group’s ability to meet diverse market demands and expand its customer base. |
| 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 growth declined by 11% in the first half of 2025, reaching SAR 16.5 million compared to SAR 18.6 million in the first half of 2024. This decline is attributed to the following factors:
1- Decline in the performance of the subsidiary (Pipes and Fittings segment): A decrease in net profit of the subsidiary operating in the pipes and fittings sector, which had a direct negative impact on the Group’s consolidated net profit. 2- Increase in operating expenses, particularly: – Depreciation expenses, due to the addition of new production lines. – Salary expenses, as a result of an increase in the number of employees during the period. 3- Rise in selling and marketing expenses: – Higher shipping costs, driven by an increase in the volume of goods shipped. – Additional marketing campaigns, which led to an overall increase in selling and marketing expenses. |
| Statement of the type of external auditor’s report | Unmodified conclusion |
| 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. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of its knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.