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Mabco's Q2 2026 Profits Rise 192.61%
Al Madar for Middle East Paper Manufacturing and Production (MPCO) achieved a significant increase in profits for the second quarter of 2026, rising by 192.61% to reach 15.29 million SAR compared to 5.23 million SAR in the same period of 2025. This rise is mainly attributed to an 8.3% increase in revenues, which amounted to 298 million SAR, driven by higher sales volumes and improved average selling prices, as well as a favorable shift in the sales mix. Additionally, sales of carton board and industrial papers grew by 17%. At the same time, operating profits surged by 70.5% to 20.37 million SAR, supported by an improved gross profit margin that reached 19%, up from 13% last year. This reflects efficient cost management and better productivity performance. For the first half of 2026, the company recorded net profits of 13.29 million SAR, an increase of 25.9% compared to the same period last year, with total sales of 542.3 million SAR, representing a slight growth of 1.5%.
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