Al Battal Factory for Chemical Industries Co. posted a SAR 4 million net loss for H1 2025, against a SAR 4.5 million net profit in H1 2024.
| Item | H1 2024 | H1 2025 | Change |
|---|---|---|---|
| Revenues | 36.64 | 18.11 | (50.6 %) |
| Gross Income | 10.36 | 2.91 | (71.9 %) |
| Operating Income | 6.43 | (1.35) | (120.9 %) |
| Net Income | 4.54 | (3.96) | (187.3 %) |
| Average Shares | 3.00 | 3.34 | 11.2 % |
| Earnings Per Share before unusual items (Riyal) | 1.51 | (1.19) | (178.5 %) |
| EPS (Riyal) | 1.51 | (1.19) | (178.5 %) |
| Item | H2 2024 | H1 2025 | Change |
|---|---|---|---|
| Revenues | 30.65 | 18.11 | (40.9 %) |
| Gross Income | 13.60 | 2.91 | (78.6 %) |
| Operating Income | 8.53 | (1.35) | (115.8 %) |
| Net Income | 4.96 | (3.96) | (180.0 %) |
| Average Shares | 3.34 | 3.34 | - |
| Earnings Per Share before unusual items (Riyal) | 1.49 | (1.19) | (180.0 %) |
| EPS (Riyal) | 1.49 | (1.19) | (180.0 %) |
The company ascribed these losses to a decrease in revenue during the six-month period, primarily due to major customers not withdrawing the agreed-upon quantities under their binding contracts. This decrease is largely attributable to the slowdown in the commodity market, which has led to reduced demand and operational delays on the part of our customers.
In addition, certain costs—such as storage, handling, and inventory holding costs—increased. These costs, coupled with ongoing operational readiness to meet future demand, contributed to the decline in profitability during the period.
Compared to H2 2024, Al Battal Factory swung to a loss from a net profit of SAR 4.96 million.
Total shareholder equity, no minority interest, amounted to SAR 53.6 million by June 30, 2025, compared to SAR 34.6 million in the same period a year earlier.
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