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Saudi Public Transport Company- (SAPTCO) announces its interim consolidated financial results for the period ending on 31-March-2026 (Three Months) | premargin

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	396,334	341,331	16.114	617,635	-35.83
Gross Profit (Loss)	64,587	37,838	70.693	255,385	-74.709
Operational Profit (Loss)	36,534	-1,698	-	140,688	-74.031
Net Profit (Loss) Attributable to Shareholders of the Issuer	5,345	-24,313	-	45,165	-88.165
Total Comprehensive Income Attributable to Shareholders of the Issuer	5,345	-24,313	-	41,865	-87.232
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	982,213	897,568	9.43
Profit (Loss) per Share	0.04	-0.19
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-267,787	-21.42
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The reason of the increase in the revenues in the current quarter compared to the same quarter of the last year is due to increase in public transport operations.
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 reason for recognition of a profit during the current quarter compared to losses for the similar quarter of the previous year is due to: 1. Increase in operation revenues as a result of the increase in public transport operation. 2. Decrease in selling and distribution and the general and administrative expenses. 3. Incremental other income. 4. Impairment reversal on trade receivables and other current assets. 5. Increase in share of profit in associate Company and joint venture. 6. Increase in finance income.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason of the decrease in the revenues in the current quarter compared to the previous quarter is due to differences in the company’s operating seasons from one quarter to another, and consequently resulting in a variations in operating rates.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the decrease in the profit during the current quarter compared to the previous quarter is due to: 1. Decrease in operating revenue due to differences in the company’s operating seasons from one quarter to another, and consequently resulting in a variations in operating rates. 2. Decrease in finance income. 3. Decrease in share of profit in associate Company and joint venture.
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)	The external auditor’s report included a comment mentioned in the Other Matter paragraph, as follows: The interim condensed consolidated financial statements for the three-month period ended 31 March 2025 were reviewed by another auditor who expressed an unmodified review conclusion on these financial statements on 14 Thul-Qi’dah 1446H (corresponding to 12 May 2025).
Reclassification of Comparison Items	Certain comparative information has been reclassified to align with current period presentation
Additional Information	- The group achieved a net profit of SAR 15.1 million for the current quarter, compared to a net loss of SAR (20.1) million for the same quarter of the previous year with a positive changes by 175%. - As of December 31, 2025, the company’s accumulated losses stood at SAR (273.1) million, representing 21.9% of its capital of SAR 1,250 million. These accumulated losses decreased to SAR (267.8) million, equal to 21.4% of the capital, as of March 31, 2026, due to the recognition of profit in the first quarter of 2026.