| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 591,781,176 | 571,064,038 | 3.63 | ||
| Gross Profit (Loss) | 71,103,996 | 78,229,213 | -9.11 | ||
| Operational Profit (Loss) | 34,564,391 | 40,538,595 | -14.74 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 31,315,516 | 30,840,451 | 1.54 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 34,507,996 | 30,108,967 | 14.61 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 112,609,660 | 104,201,664 | 8.07 | ||
| Profit (Loss) per Share | 4.18 | 4.11 | |||
| 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 amount to 591.78 million Saudi riyals, compared to 571.06 million Saudi Riyals in the last year, with an increase of 20.72 million Saudi riyals representing 3.63%. The reason for the increase in revenue is due to increase in business activities with the existing customers and the addition of new customers. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The gross profit amounted to 71.1 million Saudi riyals, compared to 78.23 million Saudi riyals in the last year, with a decrease of 7.13 million Saudi riyals, representing 9.11%. The decrease is primarily attributable to the recognition of additional provisions during the year in relation to Value Added Tax (VAT) exposure following the initial assessment received from the Zakat, Tax and Customs Authority (ZATCA), in light of ongoing assessments and discussions with the relevant authorities and parties, the assessment remains subject to final decision and appeal as well as the arrangement of potential recoverability from the customers. The operational profit amount to 34.56 million Saudi riyals, compared to 40.54 million Saudi riyals in the last year, with a decrease of 5.97 million Saudi riyals, representing 14.74%. Operating profit decreased in line with the reduction in gross profit, reflecting the impact of lower margins during the year The Net profit attributable to shareholders of the issuer amounts to 31.32 million Saudi riyals, compared to 30.84 million Saudi riyals in the last year, with an increase of 0.48 million Saudi riyals, representing 1.54%. The increase in net profit attributable to shareholders of the issuer for the year ended December 31, 2025, is due to the decrease in loss from discontinued operation of subsidiary and decrease in financing cost. The total comprehensive income attributable to shareholders of the issuer amount to 34.51 million Saudi riyals, compared to 30.11 million Saudi riyals in the last year, with an increase of 4.40 million Saudi riyals, representing 14.61%. The increase in net profit attributable to shareholders of the issuer has resulted in an increase in earnings per share to SAR 4.18 compared to SAR 4.11 in the last year. Earnings per share for both years reflect the increase in share capital to 7.5 million shares. |
| 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) | Other Matter The consolidated financial statements of the Group as at and for the year ended 31 December 2024 and the consolidated statement of financial position as at 1 January 2024, excluding the adjustments described in note (35) to the consolidated financial statements were audited by another auditor who expressed an unmodified opinion on those consolidated financial statements on 25 Ramadan 1446H (Corresponding to 25 March 2025). |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to reflect the proper presentation and to conform to the current period's presentation. For more information refer to note 35 to the consolidated financial statements. |
| Additional Information | • Revenue has shown a growth of 3.63% over the last year maintaining the company’s historical growth trends. • The company has reported Total Equity of SAR 112.64 million compared to SAR 104.24 million in the last year with a increase of 8.41 million Saudi riyals, representing 8.07%. |
