| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 60.58 | 63.32 | -4.33 | ||
| Gross Profit (Loss) | 0.56 | 7.28 | -92.31 | ||
| Operational Profit (Loss) | -11.63 | -3.84 | 202.86 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -30.8 | -12.69 | 142.71 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -35.49 | -15.12 | 134.72 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 311.54 | 347.02 | -10.22 | ||
| Profit (Loss) per Share | -0.97 | -0.4 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | 97.61 | 31 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | Decrease in the net value and quantity of sales |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | 1- Decrease in the net value and quantity of gypsum sales 2- Increase in the costs of production inputs, and general and administrative expenses . 3- The company, in accordance with the requirements of International Accounting Standard (IAS) No. 36, conducted an assessment of property, plant, and equipment, which resulted in the recognition of impairment losses for this item amounting to SAR 22.54 million in the income statement for the current year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | None |
| Additional Information | 1- Total comprehensive income for the current year amounted to a (loss) of SAR 35.49 million, compared to a (loss) of SAR 15.12 million. Shareholders’ equity (after excluding non-controlling interests – none) amounted to SAR 311.54 million, compared to SAR 347.02 million in the previous year, representing a decrease of ( 10.23% ) . 2- Accumulated losses amounted to SAR 97.61 million, representing 30.82% of the capital of SAR 316.67 million . The company confirms its commitment to the procedures and instructions issued by the Capital Market Authority for listed companies in the Saudi Stock Market whose accumulated losses have reached 20% or more of their capital. The National Gypsum Company would like to clarify that, in accordance with the requirements of the external auditor and in compliance with the provisions of the International Financial Reporting Standards (IFRS), the company has, during the financial period ended in 2025, revalued machinery and equipment by an accredited valuer. The results of the revaluation were as follows: • A decrease in the fair value of some machinery, equipment, and spare parts compared to their recorded book value, amounting to SAR 22.540 million. • An increase in the fair value of some machinery and equipment compared to their book value, amounting to SAR 102.077 million. In accordance with the requirements of International Financial Reporting Standards, the impairment in asset value was recognized by recording it in the results of the financial period for the year 2025, which led to accounting losses being recorded in the company’s results during the period. As for the increase in the fair value of some machinery and equipment, it was not recognized in the income statement, in compliance with the prescribed accounting treatment under International Standards. The company confirms that these accounting treatments do not represent cash flows, but are accounting entries resulting from the application of international standards, and do not affect the company’s operational capability or business continuity. The company’s management reiterates its commitment to the highest standards of transparency and disclosure. |
