Riyadh – Mubasher: Saudi Printing and Packaging Company suffered net losses valued at SAR 17.55 million for the first six months (6M) of 2026, an annual plunge of 68.42% from SAR 55.58 million.
Revenue for the half-year period fell by 32.61% to SAR 199.84 million, compared to SAR 296.55 million a year earlier.
Management cited market shifts and reduced business volume in both the printing and packaging sectors for the decline.
For the second quarter (Q2) alone, the company posted a net loss of SAR 24.76 million, a 20.59% improvement compared to the SAR 31.18 million loss in the prior-year quarter.
The external auditor’s report included a material uncertainty related to going concern.
As of 30 June 2026, current liabilities exceeded current assets by SAR 353.10 million. Accumulated losses reached SAR 607.86 million, representing 93.22% of the company's capital.
Total shareholders' equity, excluding non-controlling interests, hit SAR 37.17 million at the end of the period.
As of 31 March 2026, the listed company turned profitable at SAR 7.21 million, against net losses of SAR 24.40 million in the January-March 2025 period.
