Financial Results : Saudi Paper profit down 20% to SAR 66.7M in 2025; Q4 at SAR 17.6M

Saudi Paper profit down 20% to SAR 66.7M in 2025; Q4 at SAR 17.6M

26/03/2026 Argaam Exclusive

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Saudi Paper Manufacturing Co. (SPM) reported a net profit of SAR 66.7 million in 2025, down 20% from SAR 83.2 million in the year-earlier period.



Financials (M)

Item 2024 2025 Change‬
Revenues 837.24 850.29 1.6 %
Gross Income 261.26 262.56 0.5 %
Operating Income 111.09 99.77 (10.2 %)
Net Income 83.24 66.70 (19.9 %)
Average Shares 37.07 37.07 -
Earnings Per Share before unusual items (Riyals) 2.09 1.63 (21.7 %)
EPS (Riyal) 2.25 1.80 (19.9 %)

The profit decline was mainly attributed to a SAR 11.7 million increase in the provision for impairment of receivables, along with foreign exchange losses of SAR 9.1 million.

 

This came despite higher revenues, driven by increased sales volumes of paper rolls following the launch of the new fifth production line on Sept. 29, 2025.

 

In Q4 2025, Saudi Paper’s net profit skyrocketed by 4,413% to SAR 17.64 million, from SAR 390,000 in Q4 2024.

 

On a sequential basis, net earnings rose by 21.8% from SAR 14.48 million in Q3 2025.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 190.40 224.24 17.8 %
Gross Income 47.26 65.51 38.6 %
Operating Income 7.27 27.49 278.0 %
Net Income 0.39 17.64 4413.4 %
Average Shares 37.07 37.07 -
Earnings Per Share before unusual items (Riyal) (0.18) 0.48 367.1 %
EPS (Riyal) 0.01 0.48 4413.4 %

Total shareholders’ equity, after minority interest, stood at SAR 579.83 million by Dec. 31, 2025, compared to SAR 512.79 million a year earlier.

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