Financial Results : Zoujaj 9M 2025 profit falls 20% to SAR 59.8M; Q3 at SAR 21.7M

Zoujaj 9M 2025 profit falls 20% to SAR 59.8M; Q3 at SAR 21.7M

06/11/2025 Argaam Exclusive

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The National Company for Glass Industries (Zoujaj) reported a net profit of SAR 59.8 million for the first nine months of 2025, a drop of 20% from SAR 74.8 million a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 102.04 105.10 3.0 %
Gross Income 23.82 18.50 (22.3 %)
Operating Income 11.20 1.40 (87.5 %)
Net Income 74.80 59.80 (20.1 %)
Average Shares 32.90 32.90 -
Earnings Per Share before unusual items (Riyals) 2.27 1.82 (20.1 %)
EPS (Riyal) 2.27 1.82 (20.1 %)

The company logged a decrease in operating profit from the glass container business as well as a reduction in profit share from joint ventures in the float glass sector due to the scheduled maintenance shutdown and renovation of the furnace at Guardian Zoujaj International Float Glass Co. (Guardian Ras Al Khaimah) from February 2025 to early May 2025.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 36.14 39.80 10.1 %
Gross Income 9.34 6.10 (34.7 %)
Operating Income 4.50 (2.10) (146.7 %)
Net Income 25.10 21.70 (13.5 %)
Average Shares 32.90 32.90 -
Earnings Per Share before unusual items (Riyal) 0.76 0.66 (13.5 %)
EPS (Riyal) 0.76 0.66 (13.5 %)

The third-quarter net earnings also declined 14% to SAR 21.7 million from SAR 25.10 million in Q3 2024, mainly due to lower operating profit despite strong sales.

 

The glass manufacturer’s net profit grew 8.5% quarter-on-quarter (QoQ) from SAR 20.01 million in Q2 2025.

 

Total shareholders' equity, with no minority interest, reached SAR 797.6 million as of Sept. 30, 2025, from SAR 760.25 million a year earlier.

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