Financial Results : Zoujaj profit falls 23% to SAR 38.1M in H1 2025; Q2 at SAR 20M

Zoujaj profit falls 23% to SAR 38.1M in H1 2025; Q2 at SAR 20M

03/08/2025 Argaam Exclusive

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The National Company for Glass Industries (Zoujaj) reported a net profit of SAR 38.1 million in H1 2025, down 23% from SAR 49.7 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 65.89 65.34 (0.8 %)
Gross Income 14.48 12.33 (14.9 %)
Operating Income 4.75 1.63 (65.6 %)
Net Income 49.68 38.11 (23.3 %)
Average Shares 32.90 32.90 -
Earnings Per Share before unusual items (Riyals) 1.51 1.16 (23.3 %)
EPS (Riyal) 1.51 1.16 (23.3 %)

The profit decline was attributed to lower sales value and volume, in addition to a decrease in joint ventures' profit share in the float glass segment as well as glass container business operating profit.

 

The second-quarter net earnings also dropped 25% to SAR 20 million from SAR 26.70 million in Q2 2024, hurt by weak sales value and volume.

 

Compared to Q1 2025, the glass manufacturer’s net profit rose 10.5% from SAR 18.10 million.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 34.25 31.06 (9.3 %)
Gross Income 7.10 5.01 (29.5 %)
Operating Income 2.06 (0.28) (113.8 %)
Net Income 26.73 20.01 (25.2 %)
Average Shares 32.90 32.90 -
Earnings Per Share before unusual items (Riyal) 0.81 0.61 (25.2 %)
EPS (Riyal) 0.81 0.61 (25.2 %)

Total shareholders' equity, with no minority interest, reached SAR 792.4 million as of June 30, 2025, up from SAR 754.8 million a year earlier.

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