Batic Investments and Logistics Co. announces the interim consolidated financial results for the period ending on 31-03-2026 (Three Months)

- A significant increase in real estate investment revenues by 1210%, primarily driven by the recognition of revenues from sales recorded during the current quarter in the Al Khuzama Project in Al Madinah, owned by the subsidiary, Batic Real Estate Company, in addition to an increase in warehouse leasing revenues.

- An increase in revenues from the security guards sector by 64%, driven by expansion into new projects.

Despite this, net profit was positively impacted by several factors, most notably:

- Gross profit increased by 91% to reach SAR 18.9 million, compared to SAR 9.9 million in the same quarter of the previous year, primarily driven by a 20% increase in operating revenues.

- General and administrative expenses decreased by 13% to SAR 8.1 million, compared to SAR 9.3 million in the same quarter of the previous year.

- Finance costs decreased by 58% to SAR 3.0 million, compared to SAR 7.1 million in the same quarter of the previous year.

- Unrealized gains from investments at fair value through profit or loss increased by 121% compared to the same quarter of the previous year.

This was partially offset by an increase in revenues from the security guards sector by 11% and an increase in land transportation revenues by 5%.

- Gross profit increased by 6% to reach SAR 18.9 million, compared to SAR 17.8 million in the previous quarter, primarily driven by a reduction in the cost of operating revenues ratio.

- The recognition of unrealized gains from investments at fair value through profit or loss amounting to SAR 4.4 million during the current quarter, compared to unrealized losses of SAR 3.8 million in the previous quarter.

- A decrease in finance costs during the current quarter by 22% compared to the previous quarter, amounting to SAR 3.0 million, compared to SAR 3.9 million in the previous quarter.

We draw attention to Note 19-1 to the consolidated financial statements, which describes that one of the Group subsidiaries has received payment notices and invoices arising from contracts cancelled by various municipalities. The subsidiary has formally objected to these notices and invoices and has initiated legal proceedings before the courts. As disclosed in the note, the related matters remain subject to ongoing judicial processes, and a final court decision has not yet been issued. Our opinion is not modified in respect of this matter.

- We would like to draw the attention of our valued shareholders to the attached Financial Performance Report for the Company for the first quarter of 2026.