Financial Results : MEPCO turns to profit of SAR 24.9M in 9M 2025, earns SAR 14.3M in Q3

MEPCO turns to profit of SAR 24.9M in 9M 2025, earns SAR 14.3M in Q3

02/11/2025 Argaam Exclusive

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Middle East Paper Co. (MEPCO) swung to a net profit of SAR 24.9 million for the first nine months of 2025, from losses of SAR 32.8 million in the corresponding period of 2024.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 775.42 813.20 4.9 %
Gross Income 104.30 107.37 2.9 %
Operating Income (17.94) 42.22 335.3 %
Net Income (32.82) 24.87 175.8 %
Average Shares 86.67 86.67 -
Earnings Per Share before unusual items (Riyals) (0.20) 0.29 240.3 %
EPS (Riyal) (0.38) 0.29 175.8 %

MEPCO said sales climbed 5% year-on-year (YoY), driven by a 2% increase in sales volumes and a 3% rise in selling prices.

 

On the cost side, the company cut selling and marketing expenses by 20% and administrative costs by 26% YoY, largely due to reductions in wages and staffing.

 

The reversal of doubtful debt provisions plunged by 205% YoY, reflecting the company’s stronger credit discipline and improved collection efficiency.

 

Meanwhile, other income surged 137% YoY, supported in large part by energy subsidies from the Ministry of Energy tied to 2024 fuel consumption.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 276.90 278.98 0.8 %
Gross Income 36.77 36.36 (1.1 %)
Operating Income (14.41) 17.03 218.2 %
Net Income (18.50) 14.31 177.3 %
Average Shares 86.67 86.67 -
Earnings Per Share before unusual items (Riyal) (0.04) 0.17 521.1 %
EPS (Riyal) (0.21) 0.17 177.3 %

In Q3 2025, MEPCO turned to a net profit of SAR 14.3 million, against a net loss of SAR 18.5 million in Q3 2024.

 

The company’s net earnings also more than doubled from SAR 5.2 million in Q2 2025.

 

Total shareholders’ equity, after minority interest, reached SAR 1.63 billion as of Sept. 30, 2025, down from SAR 1.65 billion a year earlier.

 

Attached Documents

 

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