Financial Results : ASG profit down 11% to SAR 16.5M in H1 2025

ASG profit down 11% to SAR 16.5M in H1 2025

17/08/2025 Argaam Exclusive

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ASG Plastic Factory Co. reported a net profit of SAR 16.5 million in H1 2025, down 11% from SAR 18.6 million in the year-earlier period.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 68.42 85.70 25.3 %
Net Income 18.62 16.53 (11.2 %)
Average Shares 6.30 7.05 11.9 %
Earnings Per Share before unusual items (Riyal) 2.96 2.35 (20.7 %)
EPS (Riyal) 2.96 2.35 (20.7 %)

The company attributed the profit decline to weaker performance of its subsidiary in the pipes and fittings segment, which directly weighed on consolidated earnings. It also cited higher operating expenses, mainly depreciation from new production lines and increased payroll costs due to a larger workforce.

 

In addition, selling and marketing expenses rose on the back of higher shipping costs and additional marketing campaigns.

 

However, revenues increased by 25% year-on-year (YoY) to SAR 85.7 million in H1 2025, compared with SAR 68.4 million, supported by higher sales from expanded production capacity and new lines, as well as product diversification that broadened the customer base.

 

Total shareholders’ equity, no minority interest, stood at SAR 142.99 million by the end of H1 2025, compared to SAR 89.99 million in the year-earlier period.

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