UCIC’s 1Q net income drops 46% y-o-y to SAR 18.7 mn

United Carton Industries (UCIC) saw its net income fall 46% y-o-y to SAR 18.7 mn in 1Q 2025, according to a disclosure to Tadawul. The decline was mainly attributed to higher raw material costs, especially paper.

Revenue also slipped 1.6% y-o-y to SAR 349.8 mn, weighed down by lower selling prices in the corrugated segment.

ICYMI- UCIC shares dropped 1.5% on their debut trading session to close at SAR 49.3 apiece, despite a solid order book that saw the institutional tranche 126x oversubscribed and the retail component 8.9x oversubscribed.