Alujain Corp. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 267.66 | 478.21 | -44.028 | 358.14 | -25.263 |
| Gross Profit (Loss) | -13.05 | 79.25 | - | 18.98 | - |
| Operational Profit (Loss) | -41.48 | 34.4 | - | -14.7 | 182.176 |
| Net profit (Loss) | -17.23 | 5.62 | - | -99.83 | -82.74 |
| Total Comprehensive Income | -17.23 | 5.62 | - | -115.13 | -85.034 |
| 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) | 3,475.91 | 3,012.94 | 15.366 |
| Profit (Loss) per Share | -0.25 | 0.08 | |
| 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 reason of the decrease in the revenues is due to decrease in quantity by 40% due to the planned turnaround maintenance of the plant during 1st quarter 2025 announced in Tadawul on 26 Jan 2025 and decrease in selling prices by 15% |
| 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 main reason for the decrease in the net profits is mainly due to decrease in selling quantities by 40% due to the planned turnaround maintenance of the plant during 1st quarter 2025, decrease in sales prices by 15%, and increase in propane prices by 6%. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason of the decrease in the revenues is due to decrease in quantity by 22% due to the planned turnaround maintenance of the plant during 1st quarter 2025 and selling prices decreased by 10% |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason for the decrease in the net losses is mainly due to recording an Impairment loss on customer relationships and Amortization of customer relationships totaling SR 170 million during the previous quarter and not recording it during the current quarter |
| 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) | None |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform to the current period, including amending some items from what was announced for the same period of the last year |
| Additional Information | - More than SR 840 million have been invested in developing Alujain new project, more than SR 800 million have been committed to purchasing long lead items, and initial civil construction work has begun. The company has also floated the main EPCs contracts bids during 1st quarter 2025. It is worth noting that the award and project execution strategy will be cost-based driven for achieving the targeted return from the project’s investment.
NATPET results (For 1st quarter 2025): 1. NATPET reported total sales during the current quarter amounted to SR 243 million, a decrease of 49% compared to the sales of the same quarter of the previous year and a decrease of 30% compared to the sales of 4th quarter of 2024. 2. NATPET’s net loss for the current quarter is SR 36.2 million: - As compared to net profit of SR 43.5 million for the same quarter of the previous year. The main reason is due to decrease in selling quantities by 40% and decrease in sales prices by 15%, increase in propane prices by 6% and plant shut down on account of scheduled turnaround and maintenance during 1st quarter 2025. - As compared to net profit of SR 9 million for the 4th quarter of 2024. The main reason is mainly due to decrease in quantities sold by 23% and decrease in selling prices by 9.6 though there is a decrease in propane cost by 4.8%. Further a one-off income of SR 27 million was recorded in the 4th quarter 2024 due to reversal of accruals. 3. Total shareholders’ equity of NATPET at the end of the current period amounted to SR 2,857 million compared to SR 2,382 million at the end of the same period of the previous year. |
Comments