Financial Results : UCIC H1 2025 profit sinks 57% to SAR 26.7M; Q2 at SAR 8M

UCIC H1 2025 profit sinks 57% to SAR 26.7M; Q2 at SAR 8M

29/07/2025 Argaam Exclusive

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United Carton Industries Co. (UCIC) reported a net profit of SAR 26.7 million in the first half of 2025, dropping 57% from SAR 62.7 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 670.68 684.82 2.1 %
Gross Income 133.83 92.74 (30.7 %)
Operating Income 73.62 31.09 (57.8 %)
Net Income 62.73 26.70 (57.4 %)
Average Shares 40.00 40.00 -
Earnings Per Share before unusual items (Riyals) 1.57 0.67 (57.4 %)
EPS (Riyal) 1.57 0.67 (57.4 %)

The company attributed the profit fall for the period to higher raw material costs year-on-year (YoY), particularly paper, in both local and international markets, which led to a rise in the cost of revenue.

 

This came despite a 2.1% YoY increase in revenue, mainly driven by higher sales volumes in the corrugated and folded carton (duplex) segments.

 

Also, the company reported financing income from short-term deposits compared with a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 315.17 335.00 6.3 %
Gross Income 60.25 41.38 (31.3 %)
Operating Income 31.55 10.30 (67.3 %)
Net Income 28.09 8.05 (71.4 %)
Average Shares 40.00 40.00 -
Earnings Per Share before unusual items (Riyal) 0.70 0.20 (71.4 %)
EPS (Riyal) 0.70 0.20 (71.4 %)

The second-quarter net profits plunged 71% to SAR 8 million, compared with SAR 28.09 million in Q2 2024, hurt by higher raw material prices.

 

Sequentially, the bottom line retreated by 56.9% from SAR 18.65 million in Q1 2025.

 

Total shareholders' equity, no minority interest, reached SAR 579.59 million by the end of Q2 2025, up from SAR 544.79 million a year before.

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