| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,490,375 | 1,348,797 | 10.5 | ||
| Gross Profit (Loss) | 429,783 | 253,744 | 69.38 | ||
| Operational Profit (Loss) | 238,470 | -25,031 | - | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 180,687 | -71,859 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 179,326 | -72,253 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,553,809 | 1,423,593 | 9.15 | ||
| Profit (Loss) per Share | 1.81 | -0.72 | |||
| All figures are in (Thousands) 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 (Thousands) 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 | The increase in sales during the current year compared to the previous year is mainly attributable to higher sales of tiles, water heaters, and red bricks. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The increase in net profit for the current year compared to the previous year is primarily attributable to the following: 1. Increase in gross profit amounting to SAR 176 million, driven by sales growth and improved profit margins. This improvement is directly linked to cost optimization and enhanced operational efficiency across all company products during the year. In contrast, inventory provisions amounting to SAR 50 million were recognized during the previous year. 2. Receipt of an insurance settlement totaling SAR 120 million during the current year, as compensation for damages resulting from the fire at the second sanitary ware factory, which occurred on 15 July 2023. 3. Non-cash losses recorded in the previous year, represented by impairments in property, plant and equipment related to the Red Brick segment, as well as impairments in property, plant and equipment of the subsidiary, “Saudi Ceramics Pipes Company,” totaling SAR 51 million. |
| 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 | In continuation of the company’s efforts to enhance the efficiency of working capital and align it with the scale of its operations, management continues to implement a set of strategic initiatives aimed at improving profit margins. These initiatives include the ongoing monitoring of market expansion strategies, targeting diverse customer segments, and strengthening market presence through the expansion of the showroom network, alongside the implementation of effective cost management policies and the enhancement of operational efficiency. These efforts are expected to contribute significantly to improving profit margins, achieving sustainable growth, and strengthening the company’s financial and operational performance, thereby supporting value maximization and delivering the targeted returns to shareholders. |
