Riyadh-Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) shifted to net profits valued at SAR 5.90 million in the first half (H1) of 2026, marking a turnaround from SAR 15.10 million net loss in H1-25.
The revenues hiked by 20.37% year-on-year (YoY) to SAR 144.20 million from SAR 119.80 million.
Earnings per share (EPS) for the half-year stood at SAR 0.52, compared to a loss per share of SAR 1.32 a year earlier. Total shareholders' equity reached SAR 132.20 million.
For the second quarter (Q2) alone, net profit reached SAR 3.30 million, recovering from a SAR 11.50 million loss in the corresponding quarter of 2025. Quarterly sales grew by 20.57% to SAR 79.70 million.
Management attributed the improved performance to higher demand for core products and increased selling prices at both the parent company and its subsidiary, FPC.
Profitability was further supported by improved margins, lower general and administrative expenses, and a reduction in expected credit loss provisions under IFRS 9.
These gains helped offset rising selling and marketing costs driven by higher shipping rates linked to geopolitical developments.
