The loss of “Chemicals growth” 66.8% in the first quarter of 2025

The losses of Namaa Chemical Company in the first quarter of 2025 increased by 66.8% to 49.5 million riyals, compared to losses of 29.7 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, the reason for the net loss during the current quarter compared to the previous quarter is:
• Revenue has decreased mainly due to low production.
• Low sales cost due to low production.
• Low sales and distribution expenses as a result of low quantities sold due to low production.
• Low public and administrative expenses as a result of the cost of software license in the same quarter in the previous year.
• Low banking expenses as a result of low interest rates.
• Low revenue.
The reason for Ziad Safi losing during the current quarter compared to the previous quarter is due to:
• Reduced revenue is mainly due to low production.
• Low sales cost due to low production.
• Low sales and distribution expenses as a result of low quantities sold due to low production.
• Low public and administrative expenses due to the amendment of a house ownership program in the previous quarter.
• High banking expenses as a result of increased use of banking facilities.
• The decrease in the Zakat expense is mainly due to the re -calculation of zakat in the previous quarter.
• Low revenues compared to the previous quarter as a result of the registration of the decrease in the value of factories, machinery and equipment in the previous quarter.