United Carton Industries Company

United Carton Industries Company

TTADAWUL:1323
24.60
SAR
+0.48
(+1.99%)
2.63EPS
9.65P/E
1.02BMarket Cap
2024 Y
2025 Y
TTM
Revenue per Share
33.61
35.16
36.48
Basic EPS, GAAP
3.12
1.98
2.63
Free Cash Flow per Basic Share
2.73
2.37
1.19
Dividend per Share
1.63
1
- -
Book Value per Share
13.64
14.71
15.64
Tangible Book Value per Share
12.51
13.6
14.55
Basic Weighted Avg Shares
40
40
40
Sales/Revenue/Turnover
1,344
1,406
1,459
Operating Margin (%)
8.86
5.39
7.03
Depreciation Expense
74
79
76
Net Income, GAAP
125
79
105
Effective Tax Rate (%)
10.87
8.7
6
Profit Margin (%)
9.27
5.63
7.22
Working Capital
158
203
236
LT Debt
48
48
44
Total Equity
546
588
626
Return on Invested Capital (%)
- -
12.17
16.37
Return on Capital (%)
- -
12.59
16.59
Return on Common Equity (%)
- -
13.96
17.49

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
40
14
12
LT Borrowings
- -
- -
- -
LT Finance Leases
48
47
44
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
40
40
40
Market Capitalization
1,030
979
1,017

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
576
544
563
Cash, Cash Equivalents & STI
85
52
54
Accounts Receivable, Net
261
288
297
Inventories
201
181
180
Total Current Liabilities
374
317
326
Payables & Accruals
- -
- -
- -
ST Debt
40
14
12
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
7.84%
Free Cash Flow
- -
- -
-13.16%
Net Income, GAAP
- -
- -
-36.55%
Sales/Revenue/Turnover
- -
- -
4.6%
Total Cash Common Dividend
- -
- -
-38.46%

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1,344
2025
350
335
371
350
1,406
2026
353
384
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.12
2025
0.47
0.2
0.52
0.8
1.98
2026
0.6
0.72
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.63
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
- -

Company Description

CEO
Mohnish Rikhy
Full Time Employees
1,163
Sector
Process industries
Industry
Containers/Packaging
Address
Industrial Area, Phase 5 Jeddah MC Saudi Arabia 21418
IPO Date
May 27, 2025
Business
United Carton Industries Company (UCIC) manufactures and supplies corrugated packaging solutions and related paper-based products. It operates as a vertically integrated supplier of primary packaging formats and accompanying display solutions, including corrugated cartons, folding cartons, moulded pulp products, and recycled containerboard paper, complemented by a portfolio of packaging displays for consumer and industrial applications. Main products and services - Corrugated packaging: single- and double-wall corrugated cartons; high-strength and high-graphic post-print options; jumbo and industrial shipping boxes; customised structural designs for complex logistics needs - Folding cartons: consumer-ready folding carton packaging across multiple substrate grades; printed graphics with brand-enhancing finishes; specialty cartons for food, health, and consumer goods - Recycled containerboard and paper products: recycled linerboard and medium grades; supply of base paper for internal conversion and for sale to external converters - Moulded pulp products: sustainable pulp-based packaging solutions for protective packaging and egg cartons - Displays and point-of-sale materials: in-store displays, POP units, and related display packaging to support brand presentation - Ancillary packaging services: design support, converting services, and logistics coordination to optimize supply chain packaging needs Latest major company changes - Public listing and market actions: listed on Tadawul with disclosures regarding share offerings and corporate restructuring activities; recent regulatory filings reflect capital market interactions and ongoing expansion plans - Strategic expansion and capacity investments: announced and advanced construction of new manufacturing capacity to broaden domestic and regional footprint, including multi-plant deployment across the Kingdom of Saudi Arabia and the UAE to support growing demand in corrugated and folding carton segments - Acquisitions and partnerships: closures and announcements of strategic acquisitions and minority/majority stake acquisitions to broaden product capabilities, geographic reach, and customer base; formation of strategic alliances to enhance supply chain resilience and distribution networks - Product and service launches: introduction of enhanced packaging solutions featuring higher graphic capabilities, sustainable materials, and integrated supply chain services; expansion into new packaging categories and value-added services for FMCG, white goods, and agricultural sectors - Organizational developments: corporate reorganizations and governance updates aligned with scale-up efforts; clarifications of ownership structures, subsidiaries, and cross-border operations Additional context - Industry and segments: packaging, corrugated packaging, paper products, consumer goods packaging, and display systems - Target markets: domestic Saudi market and international customers across FMCG, white goods, agriculture, and multinational clients - Geographic operations: primary operations in Saudi Arabia with expanding footprint in the United Arab Emirates and other Gulf region markets - Founding year and headquarters: founded in 1990; headquarters in Jeddah, Saudi Arabia - Subsidiaries and parent relationships: operates multiple manufacturing plants under UCIC with a network of subsidiaries and affiliates to support regional production, distribution, and packaging services