| 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 have increased Year over Year for the same comparative quarter through a combination of organic growth (+9.8%), largely driven by customer footfall and increased average transaction values. Additionally we grew our net store estate by +5 and renovated/relocated 9 stores. |
| 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 our net store estate (+5) and sales year on year are a large factor of our increases in profitability. Our focus on driving profitable stores and reinvesting in our core estate drives our store operating profit. This is further supported by closing of lower performing stores as part of our continuous review programme. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The modest Quarter-over-Quarter decline in sales reflects normal consumer seasonality and calendar effects, as the prior quarter benefited from Saudi National Day in September. Sales in the current quarter were broadly stable relative to the post-event run rate observed in the previous quarter. Net store estate growth was +1 Quarter-over-Quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The previous quarter included seasonal events that resulted in higher costs, particularly in selling, marketing, and brand development, reflecting normal seasonal spending patterns. Expenditure levels in the current quarter were aligned with typical seasonal phasing. Net profit in the current quarter increased compared with the previous quarter. In addition, financing costs declined, contributing to the improvement in results. |
| 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) | Nothing to note |
| Reclassification of Comparison Items | Nothing to note |
| Additional Information | Nothing to note |
