| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 366,481,879 | 299,575,519 | 22.33 | ||
| Gross Profit (Loss) | 118,264,197 | 90,691,743 | 30.4 | ||
| Operational Profit (Loss) | 15,141,627 | 10,711,516 | 41.36 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 10,914,889 | 8,186,709 | 33.32 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 10,102,511 | 7,833,477 | 28.96 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 80,359,366 | 70,256,855 | 14.38 | ||
| Profit (Loss) per Share | 0.31 | 0.23 | |||
| 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: The Company reported total revenues of SAR 366.5 million during the current year compared to SAR 299.6 million in the previous year, representing an increase of 22.3%. This increase was mainly driven by the contribution of newly opened branches and the growth in same-store sales (SSS) of Burgerizzr. In addition, the increase reflects the consolidation of two months’ revenue from the newly acquired brand Coffee Bean Trading Company (Shovel) following the completion of its acquisition. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The Company recorded net profit attributable to shareholders of SAR 10.9 million during the current year compared to SAR 8.2 million in the previous year, representing an increase of 33.3%, primarily due to the following factors: Gross profit: Gross profit increased by SAR 27.6 million (30.4%), with the gross profit margin improving from 30.3% in the previous year to 32.3% in the current year. The improvement is mainly attributed to lower food costs, additional support from suppliers and improved operational efficiency. Selling Expenses: Selling expenses increased by SAR 19.2 million (39.6%), primarily due to increased promotional and marketing activities, higher sales volumes, and increased costs related to online sales channels and aggregators. Administrative Expenses: Administrative expenses increased by SAR 3.9 million (12.4%), mainly due to higher employee-related costs, in addition to expenses associated with the acquisition and integration of Shovel and other one time project expenses. Others: Finance costs increased by SAR 1.5 million during the year mainly due to finance cost on lease contracts for the branches opened during the year 2025. In addition, loss on disposal of property and equipment increased by SAR 418 thousand, while other income increased by SAR 500 thousand. |
| 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) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | Previously, fees related to the issuance and renewal of employee residency permits were amortized over the validity period of the respective permits, based on the assumption that such fees were recoverable if not fully utilized. Following a recent clarification from the relevant government authority confirming that these fees are not recoverable, prior periods have been retrospectively adjusted to reflect this clarification. This correction of error has been applied in accordance with IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors. Number of Branches: The total number of the Company’s branches across its various brands reached 135 branches, compared to 106 branches in the previous year. This growth is attributable to the addition of “SHOVEL” brand branches, as well as the opening of 17 new “Burgerizzr” branches during the current year, offset by the closure of one branch of the brand. |
