National Gypsum expects 1% rise in annual production costs following new utility tariffs

NGC
2090 0.71% 9.88 0.07

Riyadh — Mubasher: National Gypsum Company projects a 1% increase in its total annual production costs after implementing the adjustments to electricity, water, and sewage service tariffs, according to a bourse disclosure.

The company conducted an initial assessment of the financial impact based on its consolidated financial statements after the government announced revised pricing for energy and water products.

The new utility tariffs are scheduled to take effect on 1 January 2027.

National Gypsum stated that the resulting financial impact will begin to appear in its financial results starting from the first quarter (Q1) of the 2027 fiscal year.

The company further confirmed that these estimates are based on current governance procedures for utility price adjustments.

National Gypsum added that intends to monitor the situation and will disclose any material developments regarding these cost increases in accordance with relevant regulations and instructions.

Source: Mubasher Source: {{details.article.source}}