Saudi Pharmaceutical Industries and Medical Appliances 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 | 415.3 | 447.3 | -7.154 | 400.8 | 3.617 |
| Gross Profit (Loss) | 202.9 | 215.7 | -5.934 | 194.1 | 4.533 |
| Operational Profit (Loss) | 64.7 | 21.3 | 203.755 | 61.4 | 5.374 |
| Net profit (Loss) | 43.6 | -9.3 | - | 36 | 21.111 |
| Total Comprehensive Income | 42.7 | -5 | - | 46.4 | -7.974 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,300.9 | 1,296.8 | 0.316 |
| Gross Profit (Loss) | 625.9 | 642.9 | -2.644 |
| Operational Profit (Loss) | 210.6 | 108.6 | 93.922 |
| Net profit (Loss) | 154.7 | 48.3 | 220.289 |
| Total Comprehensive Income | 173.1 | 53.2 | 225.375 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,546.3 | 1,409.5 | 9.705 |
| Profit (Loss) per Share | 1.22 | 0.35 | |
| 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 main reason for the decrease in revenues during the current quarter compared to the same quarter of the last year is:
- The decrease in revenue from private sales by 18% and the amount of SAR 55 million. - The decrease in revenue from international sales by 36% and the amount of SAR 21.6 million. |
| 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 of recording net profit amounted to SAR 43.6 million in the current quarter compared to a net loss of SAR 9.3 million in the same quarter of last year the due to:
- The reduction in general and administrative expenses by 34% and the amount of SAR 32 million due to cost optimization. - The reduction in impairment charge on trade receivables by 71.36% and the amount of SAR 12.5 million due to improved collections - The increase in other income by 145% and the amount of SAR 7.8 million due to the gain of disposals of fixed assets. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The main reason for the increase in revenue in the current quarter compared with previous quarter is
"-The increase in revenue from government sales by 42% with the amount of SAR 32.6 million. -The increase in revenue from international sales by 48% with the amount of SAR 12.5 million. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | "The net profit amounted to SAR 43.6 million in the current quarter compared to a net profit SAR 36 million in the previous quarter is mainly due to:
- The increase in gross profit by 4.6% and the amount of SAR 8.8 million due to the increase in revenues. - The increase in other income by 254.5% and the amount of SAR 9.4 million due to the gain on disposal of fixed assets - The reduction in general and administrative expenses and selling and distribution expenses by 4.7% and the amount of SAR 5.9 million due to cost optimization. |
| 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 main reason for the increase in revenue during the current period compared with same period of last year is:
- Increase in revenues from government sales by 54 % with the amount of SAR 95.1 million. - Increase in revenues from Contract manufacturing by 515 % with the amount of SAR 40.9 million. |
| 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 net profit amounted to SAR 154.7 million in the current period compared to a net profit SAR 48.3 million in the same period of last year the increase is mainly due to:
- The reduction in general and administrative and selling and distribution expenses by 11.1% with the amount of SAR 49.4 million due to cost optimization, - The reduction in impairment charge on trade receivables by 63% with the amount of SAR 25.4 million due to improved collections - The increase in other income by 1219% with the amount of SAR 42.1 million due to gain of disposal of fixed assets. |
| 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) | "Emphasis of matter paragraph:
We draw attention to note 23 to the condensed consolidated interim financial statements of the Company and its subsidiaries which indicates that the comparative information presented as at and for the three-month and nine-month periods ended 30 September 2024, have been restated. Our conclusion is not modified in respect of this matter." |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to confirm the current period’s presentation. |
| Additional Information | None |
| Attached Documents |  |
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