According to the company’s Public Relations Office, Ebrahim Alizadeh, CFO of Arvand Petrochemical Company, presented a detailed financial performance report on the sidelines of the company’s Annual General Assembly. He noted that despite rising energy costs and economic fluctuations, the company recorded a 50% increase in net profit and 33% growth in total sales in the 2023–2024 fiscal year (ending March 2025).
Alizadeh attributed the company’s financial success to strict cost control measures—particularly in utility expenses, which account for over 35% of the company’s operating costs.
He highlighted the company’s data-driven sales strategy, stating: “At Arvand, we established a ‘Production Economics and Market Committee’ to ensure that all sales decisions are based on profitability analysis, not just volume expansion. Our aim is to generate real value for shareholders and drive maximum economic efficiency.”
Regarding the company’s planned IPO, Alizadeh confirmed that all regulatory, financial, and legal requirements have been fully met and the company is currently in the symbol registration phase with the stock exchange.
“The final listing schedule will be determined by the Persian Gulf Petrochemical Industries Holding Company, but from Arvand’s side, we are fully prepared for the offering,” he stated.
Alizadeh further noted that the company maintained a solid financial position throughout FY 1403, and despite the rising utility costs in recent years, its profits were finalized and 90% of net earnings were distributed among shareholders.
He concluded by announcing that the strong performance has continued into the new fiscal year, with Arvand posting a 100% increase in net profit during the first quarter of 1404 (March–June 2025) compared to the same period last year.