| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,347,610 | 1,520,038 | -11.343 | 1,644,256 | -18.041 |
| Gross Profit (Loss) | 265,135 | 259,384 | 2.217 | 283,616 | -6.516 |
| Operational Profit (Loss) | 83,023 | 73,163 | 13.476 | 46,967 | 76.768 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 31,006 | 23,717 | 30.733 | 23,805 | 30.249 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 16,834 | 24,155 | -30.308 | 18,947 | -11.152 |
| 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) | 564,603 | 474,584 | 18.967 |
| Profit (Loss) per Share | 0.52 | 0.4 | |
| 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 | - | - | |
| 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 | Consolidated Sales during the quarter dropped by 11.3% due to 63.4% reduction in Construction Sector and 6.3% in AC Sector revenues. |
| 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 due to: 1. Higher Gross Profit by 2.2% contributed by Steel and Insulation sectors. 2. Higher Operating Income in Steel and Insulation sectors. 3. Higher share in results from associates and joint ventures by SAR 3.1 M. 4. Lower Financial Charges by SAR 4.5 M. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Consolidated Sales during the quarter is lower by 18% due revenue drop of 46% in Construction, 31% in AC, 5% in Steel and 3% in insulation sectors. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net Profit increased due to: 1. Though Sales Revenue decreased the Gross Profit Margin as percentage of Sales at the consolidated level increased by 2.43% 2. Higher Operating Income due to reduction in General & Administration and Sales & Distribution expenses 3. Lower Financial Charges by SR 9.9 M |
| 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) | There is an “Emphasis of Matter” and “Other Matter” stated in the company’s Auditors’ Report for the interim financial results for the period ending on 31-03-2026 (3 months) as follows: Emphasis of Matter – Comparative Information: We draw attention to Note (21) to the condensed consolidated interim financial statements, which indicates that the comparative information presented as at 31 March 2025 has been restated. Our conclusion is not modified in respect of this matter. Other Matter – Comparative Information: The condensed consolidated interim financial statements of the Group for the three-month period ended 31 March 2025 excluding the adjustments described in Note (21) to the condensed consolidated interim financial statements, were reviewed by another auditor who expressed an unmodified conclusion on those condensed consolidated interim financial statements on 21 Dhul-Qi’dah 1446H (corresponding to 19 May 2025G). |
| Reclassification of Comparison Items | Comparative figures have been reclassified to conform with the presentation in the current period. |
| Additional Information | With reference to the disclosure in the consolidated financial statements for the year ended 31 December 2025, in relation to the Share Purchase Agreement (SPA) with the foreign shareholder of Arabian Fiberglass Insulation Company Limited (“AFICO”), a subsidiary of Gulf Insulation Group, to acquire the remaining 49% shareholding in AFICO, the comparative information for the three-month period ended 31 March 2025 has been restated. This restatement had no impact on the Group’s total profit for the period ended 31 March 2025. However, it resulted in a reallocation within equity, whereby profit and other comprehensive income attributable to the shareholders of the Parent Company increased by SR 1.9 million, with a corresponding decrease in non-controlling interests. |
