ASG profit rises 10% to SAR 10.7M in Q1 2026

ASG Plastic Factory Co. posted a 10% rise in Q1 2026 net profit to SAR 10.7  million, from SAR 9.7 million a year earlier.

Revenue increased by 17% in Q1 2026 to SAR 56 million, compared with SAR 48 million in Q1 2025. Revenue growth was supported by higher sales volumes and values due to growing demand and an expanding customer base.

This was along with the continued strong demand during the Ramadan season, which is considered a key season for the packaging segment.

The company also cited higher revenue from the pipes and fittings segment due to stronger market presence and increased market share.

The subsidiary contributed more strongly to the group’s results following an improvement in its financial performance.

This was coupled with improved operational performance and higher operating efficiency supported growth in net profit compared with the same period last year.

However, the company posted higher general and administrative expenses, and a rise in financing costs following the commencement of recognizing fees related to financing from the Saudi Industrial Development Fund.

Total shareholders’ equity, no minority interest, increased to SAR 166.04 million as of March 31, 2026, from SAR 155.36 million in the year-earlier period.

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