| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 292,780,146 | 246,619,049 | 18.72 | ||
| Gross Profit (Loss) | 49,779,006 | 62,354,101 | -20.17 | ||
| Operational Profit (Loss) | 24,190,667 | 37,679,318 | -35.8 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 18,253,094 | 33,400,385 | -45.35 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 18,033,101 | 31,280,598 | -42.35 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 120,139,952 | 115,723,196 | 3.82 | ||
| Profit (Loss) per Share | 2.43 | 4.43 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) 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 | Revenues increased by 18.72% during the current year, driven by growth across several key business segments, primarily the infrastructure segment, managed services segment, and digital services segment. This growth was further supported by the inclusion of the training segment during the year, despite a decline in product segment revenues as certain projects approached completion. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The decline in net profit for the current year compared to the previous year is attributable to a decrease in operating profitability, as net profit after Zakat and income tax amounted to SAR 18.25 million for the financial year ended 31 December 2025, compared to SAR 33.40 million in the prior year, representing a decline of 45.35%, equivalent to SAR 15.15 million. This decrease is primarily driven by an increase in cost of revenue due to higher pricing of certain services provided to the Company’s customers during the year, as part of its strategy to further strengthen market share and expand its customer base. In addition, the Company’s share of results from its investment in an associate declined and turned into a loss of SAR 2.03 million. Net profit was further impacted by a 3.70% increase in operating expenses, amounting to an additional SAR 913 thousand, driven by higher general and administrative expenses of SAR 1.22 million and an increase in expected credit losses of SAR 1.19 million, despite a reduction in selling and marketing expenses of SAR 1.50 million. On the other hand, the increase in other income, resulting from the reversal of provisions that were no longer required, partially mitigated the overall decline. Gross profit also decreased during the current year to SAR 49.78 million compared to SAR 62.35 million in the previous year, representing a decline of 20.17%, primarily due to changes in revenue mix and higher project-related costs. Similarly, operating profit declined to SAR 24.19 million compared to SAR 37.68 million in the previous year, a decrease of 35.80%, driven by the reduction in gross profit and the increase in operating expenses. |
| 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) | nothing |
| Reclassification of Comparison Items | Certain comparative figures for the prior year have been reclassified to align with the presentation of the current year. As a result, certain line items have been reclassified without any impact on the current year’s net profit, with a limited effect on selected items within the financial statements. |
| Additional Information | - |
