Arabian Pipes Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )

07 May 2025 07:02 AM

APC 2200 0.54% 5.54 0.03

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	248.93	311.15	-19.996	167.99	48.181
Gross Profit (Loss)	63.66	97.67	-34.821	38.94	63.482
Operational Profit (Loss)	50.8	70.67	-28.116	39.33	29.163
Net profit (Loss)	40.17	54.79	-26.683	12.46	222.391
Total Comprehensive Income	40.17	54.79	-26.683	12.48	221.875
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	441.49	287.91	53.343
Profit (Loss) per Share	0.27	0.37
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	-	-
Accumulated Losses	-	-
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 company recorded revenues amounting to SAR 248.93 million in Q1 2025, compared to SAR 311.15 million in Q1 2024 equivalent to a decrease of 20%. This is primarily attributed to a decrease in sales volume.
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 company net profit recorded amounting to SAR 40.17 million in Q1 2025, compared to a net profit of SAR 54.79 million in Q1 2024 equivalent to a decrease of 26.68%. This decrease is primarily due to: - Gross profit decreased to SAR 63.66 million in Q1 2025, compared to SAR 97.67 million in Q1 2024 a decrease of 34.82%, primarily due a decrease in sales volume.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The company Revenue recorded amounting to SAR 248.93 million in Q1 2025, compared to SAR 167.99 million in the previous quarter (Q4 2024) representing an increase of 48.18%. This is due to the increase in sales volume, improvement in the sales mix, and changes in supply schedules.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The company Net profit recorded amounting to SAR 40.17 million in Q1 2025 compared to SAR 12.46 million in the previous quarter (Q4 2024), representing an increase of 222.53%. This was mainly due to higher gross profit, which reached SAR 63.66 million in Q1 2025 versus SAR 38.94 million in Q4 2024, an increase of 63.46%. This is due to the increase in sales volume, improvement in the sales mix, and changes in supply schedules.
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)	Nothing
Reclassification of Comparison Items	Nothing
Additional Information	Attachment
Attached Documents

Comments