Riyadh – Mubasher: Middle East Paper Company (MEPCO) shifted to net profits worth SAR 23.41 million in 2025, against net losses of SAR 77.32 million in 2024.
MEPCO also turned to earnings per share (EPS) of SAR 0.27 in 2025 from a loss per share of SAR 0.89 in the previous year, according to a bourse filing.
The revenue generated in 2025 was quite unchanged at SAR 1.060 billion, which marked a minor decline of 0.44% from SAR 1.065 billion in 2024.
The company attributed the stable revenue to a slight decline in sales volumes that was largely offset by improved selling prices.
Chairman of MEPCO, Musab Sulaiman Al Muhaidib, said: “The company remains closely aligned with the Kingdom’s Vision 2030 and the Saudi Green Initiative, reinforcing its commitment to environmental responsibility and sustainable growth within the paper and recycled waste sectors.”
Al Muhaidib noted: “The year represented an important turning point for the company as we successfully returned to profitability. This achievement reflects the resilience of our business model and the effectiveness of the operational and financial measures implemented across the organization.”
From his part, Faisal Haddawi, the CEO of MEPCO, said: “The year 2025 marked a decisive step forward for the company as we transitioned from a challenging period to a return to profitability. This turnaround was driven by a comprehensive program of cost rationalization and operational optimization implemented across the organization.”
Haddawi added: “Total assets increased to SAR 2.66 billion, supported by additions to property, plant and equipment and capital work in progress.”
It is worth noting that in the first nine months (9M) of 2025, MEPCO also turned profitable after logging SAR 24.86 million in net income while generating revenue growth of SAR 813.19 million.
