Financial Results : Saudi Printing narrows losses to SAR 96.1M in 9M 2025; Q3 at SAR 40.5M

Saudi Printing narrows losses to SAR 96.1M in 9M 2025; Q3 at SAR 40.5M

03/11/2025 Argaam Exclusive

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Saudi Printing and Packaging Co. (SPPC) posted a net loss of SAR 96.1 million in the first nine months of 2025, down from SAR 131.4 million a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 541.69 457.33 (15.6 %)
Gross Income 29.44 23.13 (21.4 %)
Operating Income (85.90) (60.93) 29.1 %
Net Income (131.40) (96.09) 26.9 %
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Riyals) (1.71) (1.60) 6.5 %
EPS (Riyal) (2.19) (1.60) 26.9 %

The company attributed the improved performance to the recognition of an impairment loss on property, equipment, and non-productive spare parts inventory in the printing segment during the same period of the previous year.

 

This was in addition to the downsizing of the printing segment’s operations, which resulted in lower costs, as well as softer finance costs following the partial settlement of some long-term loans for 9M 2025.

 

However, the nine-month revenues decreased due to the decline in revenues of the printing segment as a result of downsizing the segment’s operations. In addition, during the same period, the packaging segment reported a weaker topline due to the transfer of certain operations from the UAE to Saudi Arabia.

 

In Q3 2025, losses increased to SAR 40.5 million from SAR 37.7 million in Q3 2024, primarily due to lower revenues.

 

Sequentially, SPPC also widened losses from SAR 31.18 million in Q2 2025.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 180.34 132.24 (26.7 %)
Gross Income 7.28 3.02 (58.5 %)
Operating Income (22.56) (27.13) (20.3 %)
Net Income (37.66) (40.50) (7.5 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Riyal) (0.63) (0.68) (7.5 %)
EPS (Riyal) (0.63) (0.68) (7.5 %)

Total shareholders’ equity, no minority interest, fell to SAR 185.39 million as of Sept. 30, 2025, from SAR 370.08 million a year earlier.

 

Accumulated losses stood at SAR 417.2 million at the end of the nine-month period, representing 69.53% of capital.

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