FIPCO swings to nine-month profit on higher sales and margins

Saudi packaging materials maker Filling & Packing Materials Manufacturing Co. (FIPCO) reported consolidated net profit of SAR 8.7m for the nine months to 30 September 2026, against a net loss of SAR 17.9m a year earlier. Revenue for the period rose 24.1% to SAR 226.7m, driven by higher demand and selling prices at the parent and its subsidiary FPC, despite higher shipping and raw material costs.

Why this mattersThe return to profit shows a mid-sized Gulf packaging converter absorbing freight and raw material inflation through pricing, a test case for regional cost pass-through.

• Nine-month revenue rose 24.1% to SAR 226.7m from SAR 182.7m a year earlier
• Nine-month net profit was SAR 8.7m versus a net loss of SAR 17.9m in the prior-year period
• Third-quarter revenue rose 31.3% year on year to SAR 82.6m
• Third-quarter net profit was SAR 2.8m versus a net loss of SAR 2.8m a year earlier
• Nine-month gross profit rose 74.6% to SAR 48.9m
• Shareholders equity stood at SAR 134.9m, up 5.8% year on year

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