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National Environmental Recycling Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 493,649,581 | 267,543,614 | 84.511 | 482,523,983 | 2.305 |
| Gross Profit (Loss) | 30,157,479 | 28,469,526 | 5.928 | 33,183,172 | -9.118 |
| Operational Profit (Loss) | 24,782,440 | 22,475,988 | 10.261 | 29,043,729 | -14.671 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 20,487,583 | 18,274,550 | 12.109 | 23,256,252 | -11.905 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 21,289,100 | 18,274,550 | 16.495 | 23,198,796 | -8.231 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 320,021,962 | 256,460,750 | 24.783 |
| Profit (Loss) per Share | 0.09 | 0.08 | |
| 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 over 84% as compared to same quarter previous year due to following reasons: 1. Large feedstock procurement contracts signed during 2025 & 2026 supported a 17% increase in sales volumes, primarily led by non-ferrous items. 2. Asia continued to be the largest destination this quarter, driving an approximately 129% increase in export sales. |
| 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 by around 12% during current period compared to the same period last year is due to: 1. Driven by an 84% increase in sales. 2. Net profit margins declined due to increased shipping and insurance costs, along with higher financing expenses, as current geopolitical conditions have extended the receivables cycle. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Sales increased by approximately 2.30% during the current period compared to the previous quarter, mainly driven by a 9% growth in export sales. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit by around 12% during current period compared to the previous quarter is due to: Net profit margins declined due to increased shipping and insurance costs, along with higher financing expenses, as current geopolitical conditions have extended the receivables cycle. |
| 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) | None |
| Reclassification of Comparison Items | None |
| Additional Information | None |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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