Financial Results : Nama Chemicals earns SAR 98.5M in H1 2025; SAR 148M in Q2 on provision reversals

Nama Chemicals earns SAR 98.5M in H1 2025; SAR 148M in Q2 on provision reversals

11/08/2025 Argaam Exclusive

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Nama Chemicals Co.’s profit rose to SAR 98.5 million in H1 2025, from SAR 18.8 million a year earlier.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 186.63 93.80 (49.7 %)
Gross Income (17.71) (64.37) (263.4 %)
Operating Income (53.10) (92.81) (74.8 %)
Net Income 18.77 98.48 424.7 %
Average Shares 23.52 23.52 -
Earnings Per Share before unusual items (Riyals) (2.87) (4.70) (63.6 %)
EPS (Riyal) 0.80 4.19 424.7 %

The company attributed the increase in profits to the reversal of impairment losses on plants, machinery, and equipment.

 

Cost of sales also declined due to lower production, while selling and distribution expenses fell as a result of reduced sales volumes.

 

In addition, Zakat expenses decreased significantly, supported by a Zakat reassessment during the current period.

 

Nama Chemicals’ profit rose 179.5% to SAR 148 million in Q2 2025, from SAR 52.95 million in Q2 2024.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 88.55 27.79 (68.6 %)
Gross Income (11.29) (39.64) (251.0 %)
Operating Income (27.46) (52.69) (91.9 %)
Net Income 52.95 148.00 179.5 %
Average Shares 23.52 23.52 -
Earnings Per Share before unusual items (Riyal) (1.19) (2.60) (117.7 %)
EPS (Riyal) 2.25 6.29 179.5 %

Sequentially, the company turned to profit versus a loss of SAR 49.52 million in Q1 2025.

 

Shareholders’ equity, no minority interest, reached SAR 342.53 million by the end of the current period, from SAR 248.38 million in the year-earlier period.

 

Accumulated losses amounted to SAR 104 million as of June 30, 2025, representing 44% of capital.

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