| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 102,218 | 88,666 | 15.28 | ||
| Gross Profit (Loss) | 20,786 | 17,486 | 18.87 | ||
| Operational Profit (Loss) | 19,081 | 11,770 | 62.12 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 12,975 | 6,867 | 88.95 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 12,465 | 6,638 | 87.78 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 257,684 | 251,372 | 2.51 | ||
| Profit (Loss) per Share | 0.96 | -0.46 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The increase in operating revenues during the current year compared to the previous year, is primarily attributable to 1) higher required revenue recognized during the current year, driven by strong growth in the grid's regulated asset base, 2) coupled with stronger demand for electric power ,3) increased electricity production revenue for SEC as well as continued expansion in the subscribers’ base. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The increase in net income during the current year compared to the previous year, is primarily attributable to 1) the increase in required revenue recognized during the current year, reflecting the strong growth in the grid's regulated asset base, 2) higher electricity production revenue, supported by continued growth in power demand, and 3) a one-off impact in previous year results due to non-recurring expenses related to a one-off settlement of historically disputed amounts related to technical differences in fuel quantities and prices, handling costs, and electrical energy. The aforementioned items have been partially offset by 1) higher operating and maintenance costs due to growing business and operating assets, and 2) increase in provision for electricity subscribers’ receivables. 3) higher net financing charges reflecting increased financing to fund SEC expanding capital expenditures and enhancing its business growth, 4) Decrease in other income due to a non-recurring income item from a one-off settlement in the previous year. Excluding the non-recurring items recorded in 2024: 1) net profit for 2025 grew by 7% to SAR 12,975 million, compared to SAR 12,081 million in 2024. 2) EBITDA for 2025 amounted to SAR 41,546 million, compared to SAR 37,739 million in 2024, representing a year-on-year growth of 10%. |
| 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) | None |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform to the presentation in the current year |
| Additional Information | Net profit attributable to common shares for the current year 2025 (after deducting profit attributable to Mudaraba Instrument of SAR 8,958 million) amounted to SAR 4,017 million compared to a net loss of SAR (1,925) million for the previous year. Accordingly, the basic and diluted profit per share for the fiscal year ended on December 31, 2024, amounted to SAR 0.96 per share, compared to a loss of SAR (0.46) per share for the previous year. SE will organize a conference call to discuss financial results for the fiscal year 2025 with investors and financial analysts on Wednesday 04-03-2025 at 3:30 PM (KSA Time). Investors wishing to participate in this conference call are requested to contact the Company's Investor Relations Department at: IR@se.com.sa |
