| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Sales grew by 30% in Q1-2025 to SAR 324.97 million, up from SAR 250.05 million in Q1-2024. The increase was driven by stronger growth in no. of orders and new customers acquisitions acquired through efficient marketing campaign and with the help of a broader product range and improved fulfilment efficiency. The revenue growth has been positively influenced by the seasonal impact of Ramadan. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit increased by 10.2% in Q1-2025, reaching SAR 24.12 million compared to SAR 21.90 million in Q1-2024. The improvement was primarily supported by higher revenue and a reduction in selling and marketing expenses. However, the growth was partially offset by a shift in product mix, increased operating expenses associated with business expansion, and a rise in zakat charges. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue grew 5.8% during Q1 – 2025 compared to the previous quarter (Q4 –2024), driven by the growth in the number of orders and customers. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net income attributable to the company’s shareholders Increased by 311.2% in Q1-2025 compared to the previous quarter (Q4–2024), which was mainly due to the growth in revenue. |
| 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) | N.a |
| Reclassification of Comparison Items | N.a |
| Additional Information | - |
| Attached Documents | Attached Documents |
