FIPCO 2024 profit dives 93% to SAR 900,000; Q4 loss at SAR 2.5M

20/03/2025 Argaam Exclusive

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Filing and Packing Materials Manufacturing Co. (FIPCO) reported a net profit of SAR 900,000 in 2024, a slump of 93% from SAR 12 million a year earlier.

Financials (M)

Item	2023	2024	Change‬
Revenues	258.19	245.68	(4.8 %)
Gross Income	50.33	42.88	(14.8 %)
Operating Income	14.90	2.39	(84.0 %)
Net Income	11.99	0.93	(92.2 %)
Average Shares	11.50	11.50	-
Earnings Per Share before unusual items (Riyals)	1.04	0.08	(92.2 %)
EPS (Riyal)	1.04	0.08	(92.2 %)

Gross profit declined due to contracting margins and a 4.8% drop in sales volumes at its subsidiary, impacted by supply chain disruptions and ongoing dumping from Chinese and Korean products. However, with the company securing a favorable ruling imposing anti-dumping duties for five years, the impact is expected to ease gradually.

Selling and marketing expenses rose due to higher staffing costs driven by increased Saudization requirements and the recruitment of skilled professionals, along with elevated shipping expenses due to geopolitical developments.

Provisions for expected credit losses increased in line with IFRS 9, while other income declined following the one-off VAT refund on written-off receivables in 2023 and lower Murabaha deposit returns.

On the positive side, general and administrative expenses decreased, financial charges were lower in 2024, and zakat provisions declined following amendments to zakat regulations. The company also adjusted its non-controlling interest buyout obligation.

In Q4 2024, the company swung to a net loss of SAR 2.5 million from a net profit of SAR 7.08 million in the prior-year period.

FIPCO posted a net profit of SAR 300,000 in Q3 2024.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	77.16	67.37	(12.7 %)
Gross Income	14.88	7.32	(50.8 %)
Operating Income	4.62	(5.30)	(214.7 %)
Net Income	7.08	(2.51)	(135.5 %)
Average Shares	11.50	11.50	-
Earnings Per Share before unusual items (Riyal)	0.62	(0.22)	(135.5 %)
EPS (Riyal)	0.62	(0.22)	(135.5 %)

Item	Q3 2024	Q4 2024	Change‬
Revenues	59.53	67.37	13.2 %
Gross Income	11.00	7.32	(33.5 %)
Operating Income	1.78	(5.30)	(398.4 %)
Net Income	0.30	(2.51)	(941.9 %)
Average Shares	11.50	11.50	-
Earnings Per Share before unusual items (Riyal)	0.03	(0.22)	(941.9 %)
EPS (Riyal)	0.03	(0.22)	(941.9 %)

Total shareholders’ equity, no minority interest, reached SAR 145.4 million as of Dec. 31, 2024, up from SAR 143.7 million in 2023.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	50.37	3.0 %	7.14	(40.3 %)	2.83	(64.0 %)
Q2 2015	51.89	14.6 %	10.90	(1.0 %)	6.21	(7.8 %)
Q3 2015	47.83	(5.3 %)	9.94	(2.0 %)	5.72	(7.7 %)
Q4 2015	41.14	(31.3 %)	7.19	(32.6 %)	2.71	(58.3 %)
2015	191.24	(6.5 %)	35.17	(19.7 %)	17.46	(36.0 %)
Q1 2016	45.15	(10.4 %)	9.39	31.7 %	4.74	67.9 %
Q2 2016	44.36	(14.5 %)	9.40	(13.8 %)	4.54	(26.9 %)
Q3 2016	30.65	(35.9 %)	4.45	(55.3 %)	1.25	(78.1 %)
Q4 2016	44.92	9.2 %	6.59	(8.3 %)	1.88	(30.6 %)
2016	165.08	(13.7 %)	29.83	(15.2 %)	12.42	(28.9 %)
Q1 2017	41.19	(8.8 %)	7.74	(17.6 %)	2.08	(56.1 %)
Q2 2017	40.43	(8.9 %)	6.92	(26.3 %)	0.92	(79.8 %)
Q3 2017	34.59	12.9 %	6.01	35.2 %	1.53	22.1 %
Q4 2017	37.39	(16.8 %)	6.64	0.7 %	1.76	(6.4 %)
2017	153.60	(7.0 %)	27.11	(9.1 %)	6.28	(49.4 %)
Q1 2018	35.75	(13.2 %)	8.05	4.0 %	2.04	(2.0 %)
Q2 2018	43.83	8.4 %	8.28	19.6 %	1.26	37.0 %
Q3 2018	43.90	26.9 %	7.87	31.0 %	1.07	(30.3 %)
Q4 2018	40.06	7.1 %	5.08	(23.4 %)	(6.77)	(485.6 %)
2018	163.55	6.5 %	29.28	8.0 %	(2.41)	(138.3 %)
Q1 2019	36.71	2.7 %	5.78	(28.2 %)	(2.98)	(246.0 %)
Q2 2019	38.14	(13.0 %)	6.06	(26.7 %)	(4.62)	(467.8 %)
Q3 2019	46.23	5.3 %	6.46	(17.9 %)	(2.03)	(290.6 %)
Q4 2019	43.05	7.5 %	2.34	(54.1 %)	(15.41)	(127.6 %)
2019	164.14	0.4 %	20.64	(29.5 %)	(22.29)	(826.8 %)
Q1 2020	48.33	31.6 %	10.09	74.7 %	5.77	293.5 %
Q2 2020	45.20	18.5 %	5.11	(15.7 %)	(1.90)	59.0 %
Q3 2020	41.47	(10.3 %)	5.51	(14.8 %)	0.37	118.1 %
Q4 2020	46.51	8.0 %	8.60	268.4 %	(2.54)	83.5 %
2020	181.51	10.6 %	29.31	42.0 %	1.70	107.6 %
Q1 2021	48.54	0.4 %	8.21	(18.7 %)	(0.53)	(109.1 %)
Q2 2021	58.81	30.1 %	5.58	9.3 %	(3.27)	(72.3 %)
Q3 2021	54.93	32.4 %	5.94	7.9 %	(1.60)	(533.7 %)
Q4 2021	60.32	29.7 %	9.26	7.6 %	0.21	108.1 %
2021	222.59	22.6 %	28.99	(1.1 %)	(5.18)	(405.8 %)
Q1 2022	62.88	29.6 %	8.63	5.1 %	0.58	209.3 %
Q2 2022	71.28	21.2 %	10.96	96.3 %	0.59	118.2 %
Q3 2022	62.51	13.8 %	10.78	81.4 %	3.67	330.0 %
Q4 2022	63.99	6.1 %	11.84	28.0 %	1.43	592.0 %
2022	260.65	17.1 %	42.20	45.6 %	6.27	221.0 %
Q1 2023	63.89	1.6 %	11.14	29.2 %	3.38	487.9 %
Q2 2023	45.93	(35.6 %)	9.67	(11.8 %)	1.51	154.0 %
Q3 2023	66.17	5.9 %	13.22	22.7 %	3.97	8.3 %
Q4 2023	77.16	20.6 %	14.88	25.7 %	4.62	222.6 %
2023	258.19	(0.9 %)	50.33	19.3 %	14.90	137.6 %
Q1 2024	56.49	(11.6 %)	12.45	11.7 %	3.64	7.7 %
Q2 2024	61.77	34.5 %	12.13	25.4 %	2.29	51.9 %
Q3 2024	59.53	(10.0 %)	11.00	(16.8 %)	1.78	(55.3 %)
Q4 2024	67.37	(12.7 %)	7.32	(50.8 %)	(5.30)	(214.7 %)
2024	245.68	(4.8 %)	42.88	(14.8 %)	2.39	(84.0 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2015	191.24	(6.5 %)	35.17	(19.7 %)	17.46	(36.0 %)
2016	165.08	(13.7 %)	29.83	(15.2 %)	12.42	(28.9 %)
2017	153.60	(7.0 %)	27.11	(9.1 %)	6.28	(49.4 %)
2018	163.55	6.5 %	29.28	8.0 %	(2.41)	(138.3 %)
2019	164.14	0.4 %	20.64	(29.5 %)	(22.29)	(826.8 %)
2020	181.51	10.6 %	29.31	42.0 %	1.70	107.6 %
2021	222.59	22.6 %	28.99	(1.1 %)	(5.18)	(405.8 %)
2022	260.65	17.1 %	42.20	45.6 %	6.27	221.0 %
2023	258.19	(0.9 %)	50.33	19.3 %	14.90	137.6 %
2024	245.68	(4.8 %)	42.88	(14.8 %)	2.39	(84.0 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
Q1 2015	2.51	(63.8 %)	0.22	-	2.51	0.22
Q2 2015	5.52	(15.6 %)	0.48	-	5.52	0.48
Q3 2015	4.71	(11.2 %)	0.41	-	4.71	0.41
Q4 2015	0.42	(92.4 %)	0.04	(1.50)	1.92	0.17
2015	13.15	(45.8 %)	1.14	(1.50)	14.65	1.27
Q1 2016	4.54	81.0 %	0.39	-	4.54	0.39
Q2 2016	3.90	(29.3 %)	0.34	-	3.90	0.34
Q3 2016	0.14	(97.0 %)	0.01	-	0.14	0.01
Q4 2016	2.60	521.0 %	0.23	-	2.60	0.23
2016	11.18	(15.0 %)	0.97	-	11.18	0.97
Q1 2017	3.18	(29.9 %)	0.28	-	3.18	0.28
Q2 2017	0.48	(87.7 %)	0.04	-	0.48	0.04
Q3 2017	0.51	265.0 %	0.04	-	0.51	0.04
Q4 2017	0.98	(62.3 %)	0.09	-	0.98	0.09
2017	5.16	(53.9 %)	0.45	-	5.16	0.45
Q1 2018	1.13	(64.5 %)	0.10	-	1.13	0.10
Q2 2018	0.70	44.8 %	0.06	-	0.70	0.06
Q3 2018	0.77	49.7 %	0.07	-	0.77	0.07
Q4 2018	(8.49)	(964.5 %)	(0.74)	-	(8.49)	(0.74)
2018	(5.90)	(214.4 %)	(0.51)	-	(5.90)	(0.51)
Q1 2019	(2.22)	(296.5 %)	(0.19)	-	(2.22)	(0.19)
Q2 2019	(4.77)	(786.6 %)	(0.41)	-	(4.77)	(0.41)
Q3 2019	(2.73)	(456.6 %)	(0.24)	-	(2.73)	(0.24)
Q4 2019	(10.94)	(28.9 %)	(0.95)	3.34	(14.28)	(1.24)
2019	(20.26)	(243.3 %)	(1.76)	3.34	(23.60)	(2.05)
Q1 2020	4.18	288.5 %	0.36	-	4.18	0.36
Q2 2020	(3.36)	29.6 %	(0.29)	-	(3.36)	(0.29)
Q3 2020	(2.95)	(8.0 %)	(0.26)	-	(2.95)	(0.26)
Q4 2020	(0.85)	92.2 %	(0.07)	-	(0.85)	(0.07)
2020	(2.98)	85.3 %	(0.26)	-	(2.98)	(0.26)
Q1 2021	(1.53)	(136.5 %)	(0.13)	-	(1.53)	(0.13)
Q2 2021	(5.21)	(55.3 %)	(0.45)	-	(5.21)	(0.45)
Q3 2021	(3.44)	(16.9 %)	(0.30)	-	(3.44)	(0.30)
Q4 2021	1.12	231.4 %	0.10	-	1.12	0.10
2021	(9.06)	(204.5 %)	(0.79)	-	(9.06)	(0.79)
Q1 2022	0.37	124.0 %	0.03	-	0.37	0.03
Q2 2022	0.89	117.1 %	0.08	-	0.89	0.08
Q3 2022	2.25	165.3 %	0.20	-	2.25	0.20
Q4 2022	6.29	460.4 %	0.55	-	6.29	0.55
2022	9.80	208.1 %	0.85	-	9.80	0.85
Q1 2023	1.54	321.2 %	0.13	-	1.54	0.13
Q2 2023	0.06	(93.4 %)	0.01	-	0.06	0.01
Q3 2023	3.69	63.9 %	0.32	-	3.69	0.32
Q4 2023	7.08	12.6 %	0.62	-	7.08	0.62
2023	11.99	22.4 %	1.04	-	11.99	1.04
Q1 2024	2.02	31.3 %	0.18	-	2.02	0.18
Q2 2024	1.12	1804.9 %	0.10	-	1.12	0.10
Q3 2024	0.30	(91.9 %)	0.03	-	0.30	0.03
Q4 2024	(2.51)	(135.5 %)	(0.22)	-	(2.51)	(0.22)
2024	0.93	(92.2 %)	0.08	-	0.93	0.08

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
2015	13.15	(45.8 %)	1.14	(1.50)	14.65	1.27
2016	11.18	(15.0 %)	0.97	-	11.18	0.97
2017	5.16	(53.9 %)	0.45	-	5.16	0.45
2018	(5.90)	(214.4 %)	(0.51)	-	(5.90)	(0.51)
2019	(20.26)	(243.3 %)	(1.76)	3.34	(23.60)	(2.05)
2020	(2.98)	85.3 %	(0.26)	-	(2.98)	(0.26)
2021	(9.06)	(204.5 %)	(0.79)	-	(9.06)	(0.79)
2022	9.80	208.1 %	0.85	-	9.80	0.85
2023	11.99	22.4 %	1.04	-	11.99	1.04
2024	0.93	(92.2 %)	0.08	-	0.93	0.08

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	18.91 %	15.64 %	9.63 %
Q2 2015	18.27 %	14.88 %	8.85 %
Q3 2015	18.40 %	14.74 %	8.68 %
Q4 2015	18.39 %	14.15 %	7.66 %
2015	18.39 %	14.15 %	7.66 %
Q1 2016	20.12 %	15.73 %	8.97 %
Q2 2016	20.12 %	15.66 %	8.44 %
Q3 2016	18.86 %	14.69 %	6.51 %
Q4 2016	18.07 %	13.92 %	6.77 %
2016	18.07 %	13.92 %	6.77 %
Q1 2017	17.49 %	11.80 %	6.10 %
Q2 2017	16.35 %	9.00 %	4.07 %
Q3 2017	16.92 %	8.27 %	4.20 %
Q4 2017	17.78 %	7.83 %	3.36 %
2017	17.65 %	7.83 %	3.36 %
Q1 2018	18.64 %	8.25 %	2.09 %
Q2 2018	19.12 %	8.92 %	2.19 %
Q3 2018	19.17 %	8.40 %	2.22 %
Q4 2018	17.90 %	2.67 %	(3.61 %)
2018	17.90 %	2.67 %	(3.61 %)
Q1 2019	16.42 %	(0.22 %)	(5.62 %)
Q2 2019	15.61 %	(4.11 %)	(9.27 %)
Q3 2019	14.51 %	(5.74 %)	(11.30 %)
Q4 2019	12.57 %	(10.97 %)	(14.62 %)
2019	12.57 %	(9.30 %)	(14.38 %)
Q1 2020	14.20 %	(5.36 %)	(10.01 %)
Q2 2020	13.13 %	(3.86 %)	(8.85 %)
Q3 2020	12.94 %	(2.82 %)	(9.21 %)
Q4 2020	16.15 %	5.10 %	(1.64 %)
2020	16.15 %	5.10 %	(1.64 %)
Q1 2021	15.09 %	1.78 %	(4.78 %)
Q2 2021	14.28 %	1.12 %	(5.40 %)
Q3 2021	13.57 %	0.16 %	(5.29 %)
Q4 2021	13.02 %	1.30 %	(4.07 %)
2021	13.02 %	1.30 %	(4.07 %)
Q1 2022	12.41 %	1.69 %	(3.03 %)
Q2 2022	13.95 %	3.18 %	(0.43 %)
Q3 2022	15.42 %	5.17 %	1.80 %
Q4 2022	16.19 %	5.68 %	3.76 %
2022	16.19 %	5.68 %	3.76 %
Q1 2023	17.09 %	6.82 %	4.19 %
Q2 2023	18.38 %	7.92 %	4.29 %
Q3 2023	19.11 %	7.91 %	4.82 %
Q4 2023	19.32 %	8.88 %	4.89 %
2023	19.49 %	9.26 %	4.64 %
Q1 2024	20.44 %	9.47 %	5.23 %
Q2 2024	20.14 %	9.39 %	5.32 %
Q3 2024	19.79 %	8.87 %	4.13 %
Q4 2024	17.50 %	6.03 %	0.38 %
2024	17.46 %	6.01 %	0.38 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2015	18.39 %	14.15 %	7.66 %
2016	18.07 %	13.92 %	6.77 %
2017	17.65 %	7.83 %	3.36 %
2018	17.90 %	2.67 %	(3.61 %)
2019	12.57 %	(9.30 %)	(14.38 %)
2020	16.15 %	5.10 %	(1.64 %)
2021	13.02 %	1.30 %	(4.07 %)
2022	16.19 %	5.68 %	3.76 %
2023	19.49 %	9.26 %	4.64 %
2024	17.46 %	6.01 %	0.38 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	14.17 %	10.47 %	4.98 %
Q2 2015	21.01 %	16.43 %	10.63 %
Q3 2015	20.78 %	16.93 %	9.85 %
Q4 2015	17.48 %	12.54 %	4.66 %
Q1 2016	20.81 %	16.56 %	10.04 %
Q2 2016	21.18 %	16.28 %	8.79 %
Q3 2016	14.51 %	12.52 %	0.46 %
Q4 2016	14.68 %	9.89 %	5.79 %
Q1 2017	18.79 %	8.53 %	7.72 %
Q2 2017	17.13 %	5.83 %	1.19 %
Q3 2017	17.38 %	8.69 %	1.48 %
Q4 2017	17.76 %	8.44 %	2.63 %
Q1 2018	22.51 %	10.35 %	3.16 %
Q2 2018	18.88 %	8.34 %	1.59 %
Q3 2018	17.93 %	6.86 %	1.74 %
Q4 2018	12.69 %	(15.00 %)	(21.19 %)
Q1 2019	15.73 %	(2.79 %)	(6.04 %)
Q2 2019	15.90 %	(6.56 %)	(12.51 %)
Q3 2019	13.98 %	0.63 %	(5.90 %)
Q4 2019	5.42 %	(34.30 %)	(33.17 %)
Q1 2020	20.88 %	15.64 %	8.66 %
Q2 2020	11.30 %	(0.29 %)	(7.43 %)
Q3 2020	13.27 %	5.60 %	(7.11 %)
Q4 2020	18.49 %	(1.05 %)	(1.84 %)
Q1 2021	16.91 %	3.15 %	(3.15 %)
Q2 2021	9.49 %	(2.00 %)	(8.87 %)
Q3 2021	10.81 %	0.84 %	(6.27 %)
Q4 2021	15.34 %	3.45 %	1.86 %
Q1 2022	13.72 %	4.19 %	0.58 %
Q2 2022	15.38 %	3.88 %	1.25 %
Q3 2022	17.24 %	9.30 %	3.60 %
Q4 2022	18.51 %	5.63 %	9.83 %
Q1 2023	17.44 %	8.86 %	2.41 %
Q2 2023	21.06 %	7.90 %	0.13 %
Q3 2023	19.97 %	9.19 %	5.58 %
Q4 2023	19.29 %	9.23 %	9.17 %
Q1 2024	22.04 %	11.40 %	3.58 %
Q2 2024	19.64 %	7.97 %	1.81 %
Q3 2024	18.48 %	6.95 %	0.50 %
Q4 2024	10.87 %	(1.04 %)	(3.73 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
Q1 2015	11.50	1.73	1.73	16.32
Q2 2015	11.50	1.64	1.64	15.68
Q3 2015	11.50	1.58	1.58	16.09
Q4 2015	11.50	1.14	1.27	16.13
Q1 2016	11.50	1.32	1.45	16.54
Q2 2016	11.50	1.18	1.31	16.86
Q3 2016	11.50	0.78	0.91	16.87
Q4 2016	11.50	0.97	0.97	15.97
Q1 2017	11.50	0.85	0.85	16.25
Q2 2017	11.50	0.56	0.56	15.80
Q3 2017	11.50	0.59	0.59	15.87
Q4 2017	11.50	0.45	0.45	15.96
Q1 2018	11.50	0.27	0.27	16.06
Q2 2018	11.50	0.29	0.29	16.13
Q3 2018	11.50	0.31	0.31	16.20
Q4 2018	11.50	(0.51)	(0.51)	15.39
Q1 2019	11.50	(0.80)	(0.80)	15.54
Q2 2019	11.50	(1.28)	(1.28)	14.97
Q3 2019	11.50	(1.58)	(1.58)	14.57
Q4 2019	11.50	(1.80)	(2.09)	13.70
Q1 2020	11.50	(1.24)	(1.53)	12.46
Q2 2020	11.50	(1.12)	(1.41)	12.17
Q3 2020	11.50	(1.14)	(1.43)	11.92
Q4 2020	11.50	(0.26)	(0.26)	11.19
Q1 2021	11.50	(0.76)	(0.76)	11.06
Q2 2021	11.50	(0.92)	(0.92)	10.61
Q3 2021	11.50	(0.96)	(0.96)	10.31
Q4 2021	11.50	(0.79)	(0.79)	10.44
Q1 2022	11.50	(0.62)	(0.62)	10.47
Q2 2022	11.50	(0.09)	(0.09)	10.55
Q3 2022	11.50	0.40	0.40	10.75
Q4 2022	11.50	0.85	0.85	11.48
Q1 2023	11.50	0.95	0.95	11.62
Q2 2023	11.50	0.88	0.88	11.59
Q3 2023	11.50	1.01	1.01	11.91
Q4 2023	11.50	1.08	1.08	12.50
Q1 2024	11.50	1.12	1.12	12.67
Q2 2024	11.50	1.21	1.21	12.77
Q3 2024	11.50	0.91	0.91	12.80
Q4 2024	11.50	0.08	0.08	12.65

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2015	11.50	1.14	1.27	16.13
2016	11.50	0.97	0.97	15.97
2017	11.50	0.45	0.45	15.96
2018	11.50	(0.51)	(0.51)	15.39
2019	11.50	(1.76)	(2.05)	13.70
2020	11.50	(0.26)	(0.26)	11.19
2021	11.50	(0.79)	(0.79)	10.44
2022	11.50	0.85	0.85	11.48
2023	11.50	1.04	1.04	12.50
2024	11.50	0.08	0.08	12.65

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Recurring P/E	Price/book
Q1 2015	28.72	28.72	3.04
Q2 2015	29.32	29.32	3.06
Q3 2015	23.12	23.12	2.28
Q4 2015	33.08	29.69	2.35
Q1 2016	25.14	22.88	2.01
Q2 2016	38.07	34.28	2.66
Q3 2016	37.83	32.42	1.75
Q4 2016	36.66	36.66	2.23
Q1 2017	41.70	41.70	2.19
Q2 2017	59.63	59.63	2.10
Q3 2017	58.91	58.91	2.19
Q4 2017	72.52	72.52	2.04
Q1 2018	More than 100	More than 100	2.11
Q2 2018	More than 100	More than 100	2.12
Q3 2018	More than 100	More than 100	2.26
Q4 2018	NEG	NEG	2.26
Q1 2019	NEG	NEG	2.15
Q2 2019	NEG	NEG	2.04
Q3 2019	NEG	NEG	2.04
Q4 2019	NEG	NEG	2.11
Q1 2020	NEG	NEG	2.75
Q2 2020	NEG	NEG	3.57
Q3 2020	NEG	NEG	4.45
Q4 2020	NEG	NEG	5.35
Q1 2021	NEG	NEG	5.89
Q2 2021	NEG	NEG	6.70
Q3 2021	NEG	NEG	6.40
Q4 2021	NEG	NEG	5.05
Q1 2022	NEG	NEG	5.17
Q2 2022	NEG	NEG	3.96
Q3 2022	98.39	98.39	3.68
Q4 2022	40.92	40.92	3.04
Q1 2023	40.88	40.88	3.36
Q2 2023	47.58	47.58	3.62
Q3 2023	52.74	52.74	4.46
Q4 2023	50.96	50.96	4.39
Q1 2024	45.64	45.64	4.02
Q2 2024	40.47	40.47	3.83
Q3 2024	53.85	53.85	3.85
Q4 2024	More than 100	More than 100	3.52

Period	P/E	Recurring P/E	Price/book
2015	33.08	29.69	2.35
2016	36.66	36.66	2.23
2017	72.49	72.49	2.04
2018	NEG	NEG	2.26
2019	NEG	NEG	2.11
2020	NEG	NEG	5.35
2021	NEG	NEG	5.05
2022	40.92	40.92	3.04
2023	52.56	52.56	4.39
2024	More than 100	More than 100	3.52

Business Segments (Million)

Compared With The

Period	Products of packing and packaging	Technical textiles	Eliminations
Q1 2020	41.83	6.49	-
Q2 2020	36.38	8.83	-
Q3 2020	32.07	9.40	-
Q4 2020	35.87	10.64	-
Q1 2021	35.63	12.91	-
Q2 2021	47.08	11.73	-
Q3 2021	41.88	13.04	-
Q4 2021	48.34	11.98	-
Q1 2022	49.43	11.12	-
Q2 2022	51.70	19.57	-
Q3 2022	52.51	10.00	-
Q4 2022	46.37	17.62	-
Q1 2023	43.31	20.59	-
Q2 2023	34.48	11.45	-
Q4 2023	51.52	25.64	-
Q1 2024	40.80	15.69	-
Q2 2024	47.78	13.97	-
Q4 2024	55.61	12.48	(0.72)

Period	Products of packing and packaging	Technical textiles	Eliminations
2019	151.22	12.92	-
2020	146.15	35.36	-
2021	172.93	49.66	-
2022	202.35	58.31	-
2023	185.30	72.90	-
2024	191.17	55.22	(0.72)

Financial Ratios

	Current
Market Cap (M Riyal)	340.40
Enterprise Value (EV) (M Riyal)	399.32
Shares Outstanding ((M))	11.50
EPS ( Riyal) (TTM)	(1.78)
Book Value (BV) ( Riyal)	11.09
Par Value ( Riyal)	10.00
Recurring P/E	Neg
P/E (TTM)	NEG
Price/book	2.67
Return on Average Assets (%) (TTM)	(7.27 )
Return on Average Equity (%) (TTM)	(14.88 )
EV/adj EBITDA	(66.15)
EV/Revenues	1.60

Filing and Packing Materials Manufacturing Co. (FIPCO)

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FIPCO 2024 profit dives 93% to SAR 900,000; Q4 loss at SAR 2.5M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2024 Q4

Financial Ratios

Share Price

Filing and Packing Materials Manufacturing Co. (FIPCO)

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FIPCO 2024 profit dives 93% to SAR 900,000; Q4 loss at SAR 2.5M

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2024

Revenue by Business Segment (Latest) 2024 Q4

Financial Ratios

Share Price

Filing and Packing Materials Manufacturing Co. (FIPCO)

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Business Segments (Million)