| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The decrease in revenue is primarily attributable to lower volume of finished goods, partly compensated by billets, scrap and Trading sales to the previous year. |
| 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 is primarily attributable to better margins, reduction in expenses, and higher other income to the previous year. |
| 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) | The financial statements for the year ended 31 December 2024 were audited by another auditor, who expressed an unmodified audit opinion on 23 March 2025, (corresponding to 23 Ramadan 1446H). |
| Reclassification of Comparison Items | Please refer to note 29 of the Financial Statements. |
| Additional Information | - |
