Basic Chemical Industries Co. (BCI) reported a 55% year-on-year decline in net profit after minority interest to SAR 1.1 million in the first half of 2025, down from SAR 2.4 million in the same period last year.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 367.30 | 350.06 | (4.7 %) |
Gross Income | 89.70 | 81.29 | (9.4 %) |
Operating Income | 36.55 | 26.87 | (26.5 %) |
Net Income | 2.42 | 1.09 | (54.9 %) |
Average Shares | 27.50 | 27.50 | - |
Earnings Per Share before unusual items (Riyals) | 0.09 | 0.04 | (54.9 %) |
EPS (Riyal) | 0.09 | 0.04 | (54.9 %) |
Net profit before minority interest fell to SAR 12.2 million in H1 2025, compared to SAR 20.1 million in H1 2024.
BCI said the year-on-year (YoY) decline in its H1 2025 profits was mainly due to a drop in sales across several segments.
Sales of industrial chemicals decreased by SAR 4 million, driven by a 25% drop in volumes, which reduced sales by SAR 1 million, and a 21% decline in selling prices, which led to a SAR 3 million impact.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 187.62 | 188.50 | 0.5 % |
Gross Income | 46.49 | 44.27 | (4.8 %) |
Operating Income | 18.19 | 16.01 | (12.0 %) |
Net Income | 2.26 | 3.61 | 59.9 % |
Average Shares | 27.50 | 27.50 | - |
Earnings Per Share before unusual items (Riyal) | 0.08 | 0.13 | 59.9 % |
EPS (Riyal) | 0.08 | 0.13 | 59.9 % |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 161.56 | 188.50 | 16.7 % |
Gross Income | 37.02 | 44.27 | 19.6 % |
Operating Income | 10.86 | 16.01 | 47.4 % |
Net Income | (2.52) | 3.61 | 243.4 % |
Average Shares | 27.50 | 27.50 | - |
Earnings Per Share before unusual items (Riyal) | (0.09) | 0.13 | 243.4 % |
EPS (Riyal) | (0.09) | 0.13 | 243.4 % |
In Q2 2025, BCI reported a net profit of SAR 3.62 million, rising 60.3% from SAR 2.26 million in Q2 2024.
Compared to Q1 2025, the company turned profitable from a loss of SAR 2.52 million.
Total shareholders’ equity, after minority interest, reached SAR 574.57 million as of June 30, 2025, down from SAR 594.77 million a year earlier.
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