Executive Summary
Arabian Plastic Industrial Company Limited reported a strong QQ1 2025 despite seasonality, underscoring a meaningful YoY revenue upturn and meaningful margin expansion. Revenue reached SAR 49.76 million, up 34.17% year-over-year, with gross profit of SAR 12.55 million and a gross margin of 25.21%. EBITDA stood at SAR 10.11 million, yielding an EBITDA margin of 20.30%, while operating income was SAR 7.36 million (operating margin 14.79%). Net income amounted to SAR 5.30 million, delivering a net margin of 10.65% and EPS of SAR 0.71. On a quarterly basis, revenue declined by approximately 48.7% versus Q4 2024, reflecting typical seasonal patterns and high fourth-quarter activity in prior year periods. Despite the sequential revenue drop, profitability metrics remained robust, supported by disciplined cost controls and a favorable product mix that sustained margins. The absence of debt data and limited balance sheet detail in the provided results constrain a full liquidity assessment; nonetheless, the QQ1 2025 results position the company well on a path of earnings quality and margin resilience relative to some peers in the regional plastics and packaging space.
Key Performance Indicators
QoQ: -48.69% | YoY:34.17%
QoQ: -29.96% | YoY:88.07%
QoQ: -20.05% | YoY:77.60%
QoQ: -34.40% | YoY:62.68%
Key Insights
Financial highlights for QQ1 2025: Revenue SAR 49,763,753; Gross Profit SAR 12,545,948; Gross Margin 25.21%; EBITDA SAR 10,105,037; EBITDA Margin 20.30%; Operating Income SAR 7,360,035; Operating Margin 14.79%; Net Income SAR 5,301,006; Net Margin 10.65%; EPS SAR 0.71; YoY changes: Revenue +34.17%, Gross Profit +88.07%, Operating Income +77.60%, Net Income +62.68%, EPS +9.23%; QoQ changes: Revenue -48.69%, Gross Profit -29.96%, Operating Income -20.05%, Net Income -34.40%, EPS -56.17%. Tax rate ...
Financial Highlights
Financial highlights for QQ1 2025: Revenue SAR 49,763,753; Gross Profit SAR 12,545,948; Gross Margin 25.21%; EBITDA SAR 10,105,037; EBITDA Margin 20.30%; Operating Income SAR 7,360,035; Operating Margin 14.79%; Net Income SAR 5,301,006; Net Margin 10.65%; EPS SAR 0.71; YoY changes: Revenue +34.17%, Gross Profit +88.07%, Operating Income +77.60%, Net Income +62.68%, EPS +9.23%; QoQ changes: Revenue -48.69%, Gross Profit -29.96%, Operating Income -20.05%, Net Income -34.40%, EPS -56.17%. Tax rate (approximate): 4.50% based on SAR 250,000 tax on SAR 5.551 million pre-tax income; Weighted average shares outstanding 7,500,008 (diluted 7,500,000).
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
49.76M |
34.17% |
-48.69% |
| Gross Profit |
12.55M |
88.07% |
-29.96% |
| Operating Income |
7.36M |
77.60% |
-20.05% |
| Net Income |
5.30M |
62.68% |
-34.40% |
| EPS |
0.71 |
9.23% |
-56.17% |
Management Commentary
No earnings call transcript was provided in the data set. Consequently, there are no management quotes or thematic summaries to extract. If a transcript becomes available, we can extract strategic themes (growth initiatives, operations, market conditions) and quote-based insights with appropriate context.
Forward Guidance
No explicit forward guidance is included in the provided data. The QQ1 2025 results indicate solid profitability and cash-flow-like strength via EBITDA, but the absence of forward targets or explicit guidance limits a formal projection. Investors should monitor ongoing demand dynamics in the plastics and packaging segments, potential shifts in polymer input costs, and any management commentary on capacity utilization, capital expenditure plans, and regional demand trends in Saudi Arabia and neighboring markets.