Middle East Paper Co.

Middle East Paper Co.

TTADAWUL:1202
14.74
SAR
-0.55
(-3.60%)
0.30EPS
59.40P/E
1.55BMarket Cap
Nov 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.43
12.4
10.22
9.52
11.57
12.55
10.43
10.94
15.87
17.81
13
12.31
12.24
12.33
Basic EPS, GAAP
0.16
1.67
0.83
1.42
1.02
1.5
0.09
0.3
3.31
4.05
-1.2
-0.89
0.27
0.3
Free Cash Flow per Basic Share
0.3
1.28
-0.54
-0.09
1.13
2.4
-0.28
1.88
2.81
1.09
-1.08
-2.2
-1.37
-2.66
Dividend per Share
- -
0.62
- -
0.38
0.56
0.94
0.38
- -
- -
1.13
0.5
- -
- -
- -
Book Value per Share
1
9.04
9.37
10.4
10.84
11.34
11.04
11.35
14.83
17.71
16.11
18.53
18.79
18.97
Tangible Book Value per Share
1
9
9.28
10.32
10.76
11.28
11.01
11.33
14.82
17.71
16.11
18.29
18.59
18.8
Basic Weighted Avg Shares
533
67
67
67
67
66
66
66
67
67
67
87
87
87
Sales/Revenue/Turnover
760
826
681
634
771
834
691
725
1,057
1,187
867
1,065
1,061
1,069
Operating Margin (%)
16.4
17.02
11.77
5.38
12.75
15.78
4.78
6.42
22.12
26.41
-5.91
-3.2
3.83
3.91
Depreciation Expense
- -
88
101
80
91
87
96
106
99
100
103
114
121
113
Net Income, GAAP
88
111
55
95
68
99
6
20
221
270
-80
-77
23
26
Effective Tax Rate (%)
- -
2.04
2.98
1.36
2.03
2.71
12.93
18.29
3.05
5.28
- -
- -
37.7
26.64
Profit Margin (%)
11.52
13.47
8.09
14.96
8.84
11.93
0.89
2.78
20.87
22.72
-9.26
-7.26
2.21
2.45
Working Capital
59
-84
32
18
45
105
54
39
396
529
173
613
488
355
LT Debt
456
321
428
390
358
360
381
335
439
433
367
261
278
367
Total Equity
533
603
625
693
722
751
731
752
983
1,182
1,068
1,600
1,621
1,638
Return on Invested Capital (%)
9.91
10.79
5.54
2.31
6.55
8.92
1.98
2.54
15.4
16.89
- -
- -
1.2
1.38
Return on Capital (%)
6.97
10.49
5.32
8.56
6.55
8.92
1.98
2.45
15.3
16.61
- -
- -
1.95
2.03
Return on Common Equity (%)
17.48
19.61
8.98
14.4
9.62
13.5
0.83
2.72
25.45
24.93
-7.12
-5.77
1.45
1.6

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
468
498
491
LT Borrowings
257
291
346
LT Finance Leases
21
22
21
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
87
87
87
Market Capitalization
1,843
1,481
1,553

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,219
1,194
1,112
Cash, Cash Equivalents & STI
495
464
455
Accounts Receivable, Net
348
355
359
Inventories
215
184
149
Total Current Liabilities
732
789
757
Payables & Accruals
- -
- -
- -
ST Debt
468
498
491
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.17%
18.49%
1.29%
Free Cash Flow
-233.95%
-16.59%
-37.49%
Net Income, GAAP
97.78%
150.49%
-130.27%
Sales/Revenue/Turnover
6.42%
10.73%
-0.44%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
243
255
277
290
1,065
2025
259
275
279
247
1,061
2026
244
298
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.21
0.05
-0.21
-0.51
-0.89
2025
0.06
0.06
0.17
-0.02
0.27
2026
-0.02
0.18
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Faisal Alawi Haddawi
Full Time Employees
250
Sector
Process industries
Industry
Pulp & paper
Address
Nujood Center Jeddah MC Saudi Arabia 23326
IPO Date
Apr 14, 2015
Website
mepco.biz
Business
Middle East Company for Manufacturing and Producing Paper (MEPCO) engages in the production and sale of containerboard and industrial paper products primarily in Saudi Arabia, the Middle East, Africa, Asia, and Europe. The company offers a diverse portfolio of products including containerboards such as high performance fluting, test liner, dual use, kraft liner board, and white top test liner under brands like MEPFLUTE, MEPLINER, MEPDUAL, MEPKRAFT, and MEPWHITE. It also manufactures semi-chemical fluting products under the MEPCHEM brand and paperboards including core boards (MEPCORE), plasterboard liners (MEPGYPSUM), and absorbent kraft products (MEPLAMINATE) used in various industrial applications. Additionally, MEPCO produces tissue paper rolls and provides services related to the wholesale and retail sale of paper, carton, and plastic waste, as well as waste management, treatment, recycling, and collection of carton waste. The company also engages in the manufacture, import, and export of cartons. MEPCO operates through two main segments: Manufacturing and Trading. The Manufacturing segment focuses on containerboard and industrial paper production, while the Trading segment covers wholesale and retail sales of paper products and related waste materials. The company’s subsidiaries include Waste Collection and Recycling Company Limited and Special Achievements Company Limited. Founded in 2000, MEPCO is headquartered in Jeddah, Saudi Arabia, strategically located near Jeddah seaport, facilitating efficient distribution to a wide range of regional and international markets. Recent major developments include MEPCO's expansion with the launch of a new tissue production line designed to enhance output and operational efficiency. The company has also reinforced its commitment to sustainability by joining national sustainability programs and emphasizing eco-friendly practices such as recycling waste paper, using renewable chemical additives, and prioritizing water treatment in its production processes. MEPCO continues to invest in research and development to offer innovative and high-quality products aligned with market needs and environmental preservation goals. These strategic moves position MEPCO to leverage growth opportunities across the Middle East, North and East Africa, the Indian Subcontinent, and select European markets while maintaining operational excellence and sustainability focus. In summary, MEPCO is a leading producer of containerboard and industrial paper in the Middle East with comprehensive product lines serving a variety of industrial and commercial sectors. Its recent operational expansions, sustainability initiatives, and strategic positioning signify ongoing adaptation to market demands and environmental considerations, supporting its growth and competitive stance in the regional and global paper industry. The company represents a significant player in paper manufacturing with a strong regional footprint and diversified offerings covering manufacturing, trading, recycling, and waste management services.