National Gypsum Co. reported a net profit of SAR 2.6 million for the first nine months of 2025, against a net loss of SAR 8.2 million in the prior-year period.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 50.00 | 49.20 | (1.6 %) |
| Gross Income | 7.82 | 6.59 | (15.8 %) |
| Operating Income | 0.28 | (1.46) | (619.9 %) |
| Net Income | (8.16) | 2.57 | 131.5 % |
| Average Shares | 31.67 | 31.67 | - |
| Earnings Per Share before unusual items (Riyals) | 0.08 | 0.04 | (54.8 %) |
| EPS (Riyal) | (0.26) | 0.08 | 131.5 % |
The positive performance was supported by the reversal of SAR 1.42 million previously allocated for credit losses provision.
The company also cited other exceptional factors related to events during the corresponding period of last year, including the recognition of a financial penalty by the General Authority for Competition amounting to SAR 10.7 million.
On the other hand, revenues decreased during the current period on lower sales volume.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 17.10 | 16.28 | (4.8 %) |
| Gross Income | 2.72 | 2.34 | (13.9 %) |
| Operating Income | 0.20 | (0.43) | (320.4 %) |
| Net Income | (9.85) | 0.86 | 108.7 % |
| Average Shares | 31.67 | 31.67 | - |
| Earnings Per Share before unusual items (Riyal) | 0.03 | 0.01 | (46.7 %) |
| EPS (Riyal) | (0.31) | 0.03 | 108.7 % |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 16.17 | 16.28 | 0.7 % |
| Gross Income | 0.98 | 2.34 | 139.0 % |
| Operating Income | (1.54) | (0.43) | 72.1 % |
| Net Income | 0.39 | 0.86 | 120.5 % |
| Average Shares | 31.67 | 31.67 | - |
| Earnings Per Share before unusual items (Riyal) | (0.02) | 0.01 | 172.8 % |
| EPS (Riyal) | 0.01 | 0.03 | 120.5 % |
The company turned to a profit of SAR 860,000 in Q3 2025 versus a net loss of SAR 9.85 million in a year earlier.
On a sequential basis, net profit grew 120% from SAR 390,000 in Q2 2025.
Total shareholders’ equity (no minority interest) stood at SAR 345.76 million by Sept. 30, 2025, compared to SAR 349.69 million a year earlier.
Accumulated loss reached SAR 64.23 million by Sept. 30, 2025, representing 20.28% of capital.
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