Alujain Corp. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 364.11 | 338.23 | 7.651 | 342.9 | 6.185 |
| Gross Profit (Loss) | 31.14 | 59.13 | -47.336 | 30.55 | 1.931 |
| Operational Profit (Loss) | 11.87 | 8.91 | 33.221 | 6.84 | 73.538 |
| Net profit (Loss) | 16.39 | 45.81 | -64.221 | 12.43 | 31.858 |
| Total Comprehensive Income | 16.39 | 45.81 | -64.221 | 12.43 | 31.858 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 974.66 | 1,197.19 | -18.587 |
| Gross Profit (Loss) | 48.65 | 210.98 | -76.94 |
| Operational Profit (Loss) | -22.23 | 58.12 | - |
| Net profit (Loss) | 11.59 | 66.07 | -82.457 |
| Total Comprehensive Income | 11.59 | 66.07 | -82.457 |
| Total Shareholders Equity (after Deducting Minority Equity) | 3,349.02 | 3,608.26 | -7.184 |
| Profit (Loss) per Share | 0.17 | 0.95 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The major reason for the increase in revenue is increase in quantity by 31%, although PP prices decrease by 14%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The major reasons for the decrease in net profit are:
1. Decrease in sales price of Polypropylene “PP” by 14%, although the revenue increased by 8% and Propane prices also decreased by 22% 2. Decrease in finance income (from Islamic Murabaha) 3. During last year same quarter, there was a reversal of SR 30 million in Zakat provision pertaining to previous years. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The major reason for the increase in revenue is increased quantities sold by 10%, although sales price of PP decreased by 5%. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The major reasons for the increase in net profit are:
1. Increase in other income 2. Increase in finance income (from Islamic Murabaha) and dividends income from Sukuk 3. Increase joint venture profit (Natpet Schulman company for “PP compounding”). |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The major reasons for the decrease in revenue is decreased quantities sold by 6%, due to the planned turnaround maintenance of NATPET plant during 1st quarter 2025, and sales price of PP decreased by 12%. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The major reasons for the decrease in net profit are due to:
1. Decrease in revenue due to the planned turnaround maintenance of the plant during 1st quarter 2025. 2. Decrease in finance income (from Islamic Murabaha) 3. During last year same period, there was a reversal of 30 million in Zakat provision pertaining to previous years. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified and restated to conform to the current period, including reclassifying some items from what was announced for the same quarter and period of the last year. |
| Additional Information | - Approximately SR1.0 billion have been invested in Alujain new project, and more than SR 800 million have been committed to purchasing long lead items, and initial civil construction work has started. The company has received the proposals from main EPC bidders and is in the process of final evaluation of submitted bids. It is worth noting that the award and project execution strategy is largely cost-driven for achieving the targeted return of theis project’s investment. |
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