National Environmental Recycling Co. 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 | 258,533,020 | 199,066,107 | 29.872 | 228,614,869 | 13.086 |
| Gross Profit (Loss) | 17,422,566 | 13,769,014 | 26.534 | 19,720,052 | -11.65 |
| Operational Profit (Loss) | 14,351,284 | 9,879,955 | 45.256 | 13,991,590 | 2.57 |
| Net profit (Loss) | 11,000,931 | 7,094,844 | 55.055 | 8,361,412 | 31.567 |
| Total Comprehensive Income | 11,000,931 | 7,094,844 | 55.055 | 8,072,384 | 36.278 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 754,691,503 | 595,957,427 | 26.635 |
| Gross Profit (Loss) | 65,612,144 | 35,798,631 | 83.281 |
| Operational Profit (Loss) | 50,732,689 | 25,832,684 | 96.389 |
| Net profit (Loss) | 37,636,893 | 20,130,549 | 86.964 |
| Total Comprehensive Income | 37,347,865 | 20,017,636 | 86.574 |
| Total Shareholders Equity (after Deducting Minority Equity) | 275,534,065 | 222,091,044 | 24.063 |
| Profit (Loss) per Share | 0.34 | 0.18 | |
| All figures are in (Actual) 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 (Actual) 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 | Revenue increased by 29.9% during this period compared to the same quarter last year, driven by the following key factors:
1. Growth in Sales Volume: Expansion of company's operation with commissioning of new produc-tion lines led to higher production capacity and the volume sold in-creased as compared to same quarter previous year.
2. Improved Sales Value: Export Sales: Export revenue increased in the current quarter as compared to same quarter last year, showing the growing demand of recycled prod-ucts and customers trust on Tadweeer. Domestic Sales: Local sales (mainly steel) increased during the same period, positively impacting the revenue. |
| 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 increase in net profit of around 55% during this period compared to the same period last year is due to:
1. Increase in Sale by 29.9% 2. Administrative cost control across various departments. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in revenues by over 13% during current period compared to the previous quarter is due to:
1. Higher volume of products sold 2. Increase in the export’s sales value |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase of 31.6% in net profit during current period compared to the previous quarter is due to:
1. Increase in sales by over 13% 2. Decrease in administrative cost and provisions, resulted into increase in profit. |
| 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 increase in revenues by over 26% during this period compared to the same period last year is due to:
1. Higher volume of products sold with major target customer region Asia. 2. Expansion of company's operation with commissioning of new produc-tion lines led to higher production capacity and the volume sold in-creased as compared to the same period last year |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | TThe increase in net profit by around 87% during current period compared to the same period last year is due to:
1. Increase in sales by 26.6% 2. Replacement of rented equipment's with purchased equipment, which led to the decrease of operational costs. |
| 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) | The comparative information for the interim condensed statement of profit or loss and other comprehensive income for the three and nine-month periods ended 30 September 2024, interim condensed statements of changes in equity and cash flows for nine-month period ended 30 September 2024, have not been audited or reviewed. |
| Reclassification of Comparison Items | None |
| Additional Information | None |
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