| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Decline in direct sales through branches due to shifts in consumer behavior and preferences. Additionally, sales in the corresponding quarter included promotional campaigns with deferred discounts (cashback) which negatively affected the gross profit margin for the previous year. It is worth noting that during the fourth quarter of 2025, the company launched a new Enterprise Resource Planning (ERP) system, which also negatively affected the supply chain plans. The first phase of system stabilization was completed by the end of the first quarter of 2026. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Despite the improved gross profit margin, and growth in the company share of the associates profits, and higher finance lease revenues, net profit declined by 29.7% due to sales decline by 5.8%, and the increase in the operating costs of various sales channels. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Growth in sales driven by diversification of sales channels and the season of the holy month of Ramadan. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Despite sales growth of 11% and improved performance of associates in the current quarter, net profit decreased by 53.4% as a result of a lower profit margin in the current quarter compared to the previous quarter, which was driven by target rebates from suppliers and a decrease in rental 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) | Not Applicable |
| Reclassification of Comparison Items | Some comparative figures have been restated to be consistent with the presentation of the current period. |
| Additional Information | During the current quarter, the Company opened (2) two stores and shut down (1) one store , compared to opening (3) three stores during the same quarter of the last year. |