Saudi Printing and Packaging Co. (SPPC) reported a wider net loss of SAR 267.3 million in 2025, compared with SAR 219.4 million a year earlier.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 721.20 | 572.96 | (20.6 %) |
| Gross Income | 31.21 | 20.74 | (33.5 %) |
| Operating Income | (75.56) | (83.60) | (10.6 %) |
| Net Income | (219.41) | (267.34) | (21.8 %) |
| Average Shares | 60.00 | 60.00 | - |
| Earnings Per Share before unusual items (Riyals) | (2.33) | (2.25) | 3.5 % |
| EPS (Riyal) | (3.66) | (4.46) | (21.8 %) |
The company said lower sales during the 12-month period were mainly due to a decline in revenues from its printing and packaging segments.
Losses were also driven by provisions and asset impairments totaling SAR 132.4 million, including goodwill impairment, write-downs of machinery and equipment, and a provision for expected credit losses (ECL) on trade receivables.
In the fourth quarter of 2025, SPPC posted a net loss of SAR 171.3 million, widening from SAR 88.1 million in the same period a year earlier.
| Item | Q4 2024 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 179.51 | 115.63 | (35.6 %) |
| Gross Income | 1.77 | (2.39) | (235.1 %) |
| Operating Income | (20.13) | (28.04) | (39.3 %) |
| Net Income | (88.02) | (171.25) | (94.6 %) |
| Average Shares | 60.00 | 60.00 | - |
| Earnings Per Share before unusual items (Riyal) | (0.62) | (0.73) | (18.3 %) |
| EPS (Riyal) | (1.47) | (2.85) | (94.6 %) |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 132.24 | 115.63 | (12.6 %) |
| Gross Income | 3.02 | (2.39) | (179.2 %) |
| Operating Income | (22.09) | (28.04) | (26.9 %) |
| Net Income | (40.50) | (171.25) | (322.8 %) |
| Average Shares | 60.00 | 60.00 | - |
| Earnings Per Share before unusual items (Riyal) | (0.59) | (0.73) | (23.8 %) |
| EPS (Riyal) | (0.68) | (2.85) | (322.8 %) |
Sequentially, losses increased from SAR 40.5 million in Q3 2025
Shareholders’ equity, with no minority interest, reached SAR 12.3 million as of Dec. 31, 2025, compared to SAR 281.41 million in the year-earlier period.
Accumulated losses reached SAR 590.3 million by the end of the 12-month period, representing 98.38% of the company’s capital.
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