Alujain Corp. reported a net profit of SAR 11.6 million for the first nine months of 2025, a decline of 82.5% from SAR 66.1 million in the year-ago period.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 1,197.19 | 974.66 | (18.6 %) |
| Gross Income | 210.98 | 48.65 | (76.9 %) |
| Operating Income | 58.12 | (22.23) | (138.2 %) |
| Net Income | 66.07 | 11.59 | (82.5 %) |
| Average Shares | 69.20 | 69.20 | - |
| Earnings Per Share before unusual items (Riyals) | 0.52 | 0.17 | (67.8 %) |
| EPS (Riyal) | 0.95 | 0.17 | (82.5 %) |
This was driven by lower revenue due to the planned turnaround maintenance of the NATPET plant during Q1 2025, lower finance income from Murabaha facilities and reversal of SAR 30 million in Zakat provisions pertaining to previous years.
The company also reported a 6% year-on-year (YoY) decline in sales volumes and a 12% YoY fall in polypropylene (PP) sales.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 338.23 | 364.11 | 7.7 % |
| Gross Income | 59.13 | 31.14 | (47.3 %) |
| Operating Income | 8.91 | 11.87 | 33.2 % |
| Net Income | 45.81 | 16.39 | (64.2 %) |
| Average Shares | 69.20 | 69.20 | - |
| Earnings Per Share before unusual items (Riyal) | 0.23 | 0.24 | 4.3 % |
| EPS (Riyal) | 0.66 | 0.24 | (64.2 %) |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 342.90 | 364.11 | 6.2 % |
| Gross Income | 30.55 | 31.14 | 1.9 % |
| Operating Income | 6.84 | 11.87 | 73.5 % |
| Net Income | 12.43 | 16.39 | 31.9 % |
| Average Shares | 69.20 | 69.20 | - |
| Earnings Per Share before unusual items (Riyal) | 0.18 | 0.24 | 31.9 % |
| EPS (Riyal) | 0.18 | 0.24 | 31.9 % |
The third-quarter net profit dropped 64.2% to SAR 16.4 million, from SAR 45.8 million in Q3 2024.
Sequentially, the three-month bottom line grew 31.9% from SAR 12.43 million in Q2 2025.
Shareholders’ equity, after minority interest, fell to SAR 3.34 billion by the end of Sept. 30, 2025, from SAR 3.60 billion a year earlier.
| Company | Estimated | Actual | Change |
|---|---|---|---|
| LUMI | 52.56 | 52.71 | |
| MIS | 22.60 | 25.10 | |
| QACCO | 47.63 | 41.39 | |
| MOUWASAT | 185.26 | 199.66 | |
| TAWUNIYA | 212.10 | 173.26 | |
| ALUJAIN | 22.67 | 16.39 | |
| SAUDI RE | 66.00 | 30.77 | |
| SSP | 30.20 | 26.00 | |
| BUPA ARABIA | 311.58 | 364.01 | |
| NAHDI | 201.00 | 161.20 |
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