Takween Advanced Industries Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months ) | premargin

Takween Advanced Industries Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )

TadawulAugust 10, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	138,381	161,827	-14.488	145,001	-4.565
Gross Profit (Loss)	11,586	21,163	-45.253	18,372	-36.936
Operational Profit (Loss)	-8,169	6,429	-	1,272	-
Net profit (Loss)	-26,049	-4,169	524.826	-9,519	173.652
Total Comprehensive Income	-25,800	-6,634	288.905	-9,461	172.698
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	283,382	344,968	-17.852
Gross Profit (Loss)	29,958	48,262	-37.926
Operational Profit (Loss)	-6,897	17,311	-
Net profit (Loss)	-35,568	-8,166	335.562
Total Comprehensive Income	-35,261	-19,004	85.545
Total Shareholders Equity (after Deducting Minority Equity)	356,376	459,810	-22.494
Profit (Loss) per Share	-0.47	-0.12
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	-	-
Accumulated Losses	-333,918	43.67
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The decrease in revenues during the second quarter of 2025 compared to the second quarter of 2024 is attributable to a decline in sales volumes and changes in prices linked to raw material prices that witnessed a drop during the second quarter of 2025.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The increase in net loss during the second quarter of 2025 compared to the second quarter of 2024 is mainly due to lower revenues An increase in the ratio of cost of sales to sales, higher general and administrative expenses, increased selling, marketing, and distribution expenses, higher finance costs, an increased share of losses from an associate company, and higher Zakat expenses, despite the rise in other income.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The decrease in revenues during the second quarter of 2025 compared to the first quarter of 2025 is attributable to a decline in sales volumes and higher material price.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The increase in net loss during the second quarter of 2025 compared to the first quarter of 2025 is mainly attributable to lower revenues, higher general and administrative expenses, increased selling, marketing, and distribution expenses, higher finance costs, lower other income, an increased share of losses from an associate company, and higher Zakat expenses.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The decrease in revenues during the First Half of 2025 compared to the First Half of 2024 is attributable to a decline in sales volumes and changes in prices linked to raw material prices that witnessed a drop during the First Half of 2025.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The increase in net loss during the First Half of 2025 compared to the First Half of 2024, is mainly due to lower revenues, An increase in the ratio of cost of sales to sales, higher general and administrative expenses, higher finance costs, an increased share of losses from an associate company, and higher Zakat expenses, despite a decrease in selling, marketing, and distribution expenses and an increase in other income.
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)	-
Reclassification of Comparison Items	Some comparative figures for the prior period have been reclassified to conform with the presentation for the current period.
Additional Information	1)According to Note No. 12 to the financial statements, the loss per share for the period ending June 30, 2025, was calculated by dividing the net loss for the period, amounting to SAR 35.57 million, by the weighted average number of shares outstanding, which amounted to 76.4 million shares, resulting in a loss per share of SAR (0.47). The loss per share for the period ending June 30, 2024, was also recalculated by dividing the net loss for the period, amounting to SAR 8.2 million, by the weighted average number of shares outstanding, which amounted to 68.6 million shares, resulting in a loss per share of SAR (0.12). 2) According to Note No. 12 of the financial statements, the loss per share for Q2 2025 was calculated by dividing the net loss for the quarter, amounting to SAR 26.1 million, by the weighted average number of shares outstanding, which amounted to 76.4 million shares, resulting in a loss per share of SAR (0.34). The loss per share for Q2 2024 was also recalculated by dividing the net loss for the quarter, amounting to SAR 4.2 million, by the weighted average number of shares outstanding, which amounted to 68.6 million shares, resulting in a loss per share of SAR (0.06). 3) Accumulated losses reached 43.67%, impacted by the losses of the first half of 2025. In this context, the Company has developed a comprehensive action plan aimed at regularly monitoring financial indicators and proactively taking the necessary measures to ensure compliance with regulatory requirements and to enhance long-term financial stability. It should be noted that the Company is implementing the procedures and instructions issued by the Capital Market Authority (CMA) concerning listed companies whose accumulated losses exceeded 35% of their share capital.