Financial Results : Saudi Printing incurs SAR 24.4M loss in Q1 2025

Saudi Printing incurs SAR 24.4M loss in Q1 2025

06/05/2025 Argaam Exclusive

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Saudi Printing and Packaging Co. (SPPC) widened its losses to SAR 24.4 million in the first quarter of 2025 from SAR 22.6 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 186.90 164.90 (11.8 %)
Gross Income 15.95 11.97 (24.9 %)
Operating Income (9.80) (13.48) (37.6 %)
Net Income (22.62) (24.40) (7.9 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Riyal) (0.38) (0.41) (7.9 %)
EPS (Riyal) (0.38) (0.41) (7.9 %)

The company cited a decline in topline, as revenues from the printing and packaging segments decreased. It also recorded lower other income.

 

SPPC narrowed net losses by 72.3% from SAR 88 million in Q4 2024, as gross profit increased despite lower revenues and packaging segment sales.

 

The company also recorded credit and goodwill impairment losses in the previous quarter.

 

Shareholders’ equity, no minority interest, reached SAR 257.07 million as of March 31, 2025, compared to SAR 478.86 million in the year-earlier period.

 

Accumulated losses reached SAR 345.51 million by the end of the three-month period, representing 57.59% of the company’s capital.

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