Saudi Printing narrows H1 2025 net loss to SAR 55.6M; Q2 at SAR 31.2M

Saudi Printing and Packaging Co. (SPPC) trimmed its H1 2025 net loss to SAR 55.6 million, from SAR 93.7 million in the year-earlier period.

The decline in losses was mainly driven by a decrease in the value of property, equipment, and unproductive spare parts inventory in the same period last year in the printing segment.

This is in addition to the reduction in the printing segment's business operations, which was reflected in lower expenses besides softer financing costs on the settlement of a portion of long-term loans.

This came despite a weaker topline for H1 2025. This was due to lower revenues in the printing segment on the curtailment of the segment's business operations, in addition to the decrease in revenues in the packaging segment due to the failure to secure some planned projects.

In Q2 2025, the Saudi-listed company posted net losses of SAR 31.2 million, down from SAR 71.12 million in Q2 2024.

On a quarterly basis, however, the three-month losses soared from SAR 24.4 million in Q1 2025, on the back of increased general & administrative as well as selling & marketing expenses.

Total shareholders’ equity, no minority interest, fell to SAR 225.89 million by June 30, 2025, compared to SAR 407.74 million a year ago.

By the end of the first six months of 2025, accumulated losses reached SAR 376.69 million, making up 62.78% of capital.

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