FIPCO flips to SAR 15.1M loss in H1 2025, SAR 11.5M in Q2

07/08/2025 Argaam Exclusive

View other reports

Filing and Packing Materials Manufacturing Co. (FIPCO) swung to losses of SAR 15.1 million in H1 2025, against a net profit of SAR 3.1 million a year earlier.

Financials (M)

Item	6m 2024	6m 2025	Change‬
Revenues	118.25	119.83	1.3 %
Gross Income	24.56	17.33	(29.5 %)
Operating Income	5.91	(12.38)	(309.3 %)
Net Income	3.14	(15.13)	(581.5 %)
Average Shares	11.50	11.50	-
Earnings Per Share before unusual items (Riyals)	0.27	(1.32)	(581.5 %)
EPS (Riyal)	0.27	(1.32)	(581.5 %)

During H1 2025, the company reported a decrease in gross profit. This was due to the declined turnover, besides the changing product mix and profitability margins of its subsidiary, FPC Industrial Co.

Additionally, sales and marketing expenses increased during the same period. This was due to the elevated recruitment costs of the subsidiary, which sought to attract qualified administrative staff to enhance the efficiency of its sales and marketing team, in a bid to maximize its market share and expand its local and global presence.

General and administrative expenses also soared in H1 2025. This came as FIPCO has settled some financial and legal due diligence expenses that were due to its financial advisor in relation to the acquisition of Bina Industrial Investment Holding Co.’s full equity interests, in addition to the deeper employees’ provisions.

Furthermore, in H1 2025, FIPCO widened its provision for expected credit losses, in accordance with IFRS 9. This followed delayed collections from some major clients, not to mention the soaring borrowing costs amid higher interest rates.

However, this negative performance came despite higher sales volume and other income as well as a lower Zakat provision for the six-month period.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2024	Q2 2025	Change‬
Revenues	61.77	66.08	7.0 %
Gross Income	12.13	8.54	(29.6 %)
Operating Income	2.29	(10.20)	(544.9 %)
Net Income	1.12	(11.52)	(1130.6 %)
Average Shares	11.50	11.50	-
Earnings Per Share before unusual items (Riyal)	0.10	(1.00)	(1130.6 %)
EPS (Riyal)	0.10	(1.00)	(1130.6 %)

Item	Q1 2025	Q2 2025	Change‬
Revenues	53.76	66.08	22.9 %
Gross Income	8.86	8.54	(3.7 %)
Operating Income	(2.11)	(10.20)	(384.1 %)
Net Income	(3.61)	(11.52)	(219.5 %)
Average Shares	11.50	11.50	-
Earnings Per Share before unusual items (Riyal)	(0.31)	(1.00)	(219.5 %)
EPS (Riyal)	(0.31)	(1.00)	(219.5 %)

In Q2 2025, FIPCO’s bottom line turned negative to SAR 11.5 million, versus positive earnings of SAR 1.12 million in Q2 2024.

Sequentially, the company widened losses from SAR 3.61 million in Q1 2025.

Shareholders’ equity, no minority interest, stood at SAR 130.3 million as of June 30, 2025, compared to SAR 146.8 million a year earlier.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
Q1 2025	53.76	(4.8 %)	8.86	(28.8 %)	(2.11)	(157.9 %)
Q2 2025	66.08	7.0 %	8.54	(29.6 %)	(10.20)	(544.9 %)

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 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
Q1 2025	(3.61)	(278.2 %)	(0.31)	-	(3.61)	(0.31)
Q2 2025	(11.52)	(1130.6 %)	(1.00)	-	(11.52)	(1.00)

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 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 %
Q1 2025	16.22 %	3.67 %	(1.94 %)
Q2 2025	14.48 %	(1.43 %)	(7.03 %)

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 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 %)
Q1 2025	16.49 %	1.01 %	(6.71 %)
Q2 2025	12.92 %	(11.35 %)	(17.44 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
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
Q1 2025	11.50	(0.41)	(0.41)	12.33
Q2 2025	11.50	(1.51)	(1.51)	11.33

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 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
Q1 2025	NEG	NEG	3.23
Q2 2025	NEG	NEG	3.18

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)
Q1 2025	43.39	10.77	(0.41)

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)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

FIPCO flips to SAR 15.1M loss in H1 2025, SAR 11.5M in Q2

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)

Revenue by Business Segment (Latest) 2025 Q2

Financial Ratios

Share Price

Filing and Packing Materials Manufacturing Co. (FIPCO)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

×

FIPCO flips to SAR 15.1M loss in H1 2025, SAR 11.5M in Q2

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) Q1 2025

Revenue by Business Segment (Latest) 2025 Q2

Financial Ratios

Share Price

Filing and Packing Materials Manufacturing Co. (FIPCO)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)