| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Total revenue declined by 11% YoY to SAR 366.1 million, mainly due to lower used car sales, as the number of vehicles sold declined by 26.3% YoY to 1.4 thousand vehicles, in line with the Company’s strategy to optimize disposal timing and extend asset life. Core operating revenue excluding Used Car Sales segment remained broadly stable, declining marginally by 1.2% YoY to SAR 289.4 million, remained resilient, supported by stable revenues from the Lease segment, pricing discipline, and operational efficiency, despite softer demand in the Rental segment. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit declined by 24.6% YoY to SAR 40 million in 1Q 2026, mainly due to lower gross profit and an increase in receivable provisions. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Total revenue decreased by 14.2% QoQ to SAR 366.1 million in Q1 2026, mainly due to a decline in used car sales during the quarter, as the number of vehicles sold declined by 33.3% QoQ to 1.4 thousand vehicles. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit increased by 5.3% QoQ to SAR 40 million in Q1 2026, supported by an improvement in gross profit margin and lower finance costs. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| 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 | - |
| Attached Documents | Attached Documents |
