| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 123,018 | 135,240 | -9.037 | 133,516 | -7.862 |
| Gross Profit (Loss) | 22,872 | 33,834 | -32.399 | 33,368 | -31.455 |
| Operational Profit (Loss) | 11,332 | 22,744 | -50.175 | 22,165 | -48.874 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 6,108 | 17,190 | -64.467 | 11,965 | -48.951 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 6,108 | 17,190 | -64.467 | 11,729 | -47.923 |
| 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) | 2,041,086 | 2,053,046 | -0.582 |
| Profit (Loss) per Share | 0.04 | 0.1 | |
| 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 | - | - | |
| 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 decrease in Revenue during current quarter compared to the same quarter of the last year is due to a decline in both sales prices and sales volumes |
| 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 decrease in net profit during the current quarter compared to the same quarter of the last year is due to a decline in both sales prices and sales volumes and an increase in the cost of production inputs, despite the decrease in the finance cost. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in Revenue during current quarter compared to the previous quarter is due to a decline in sales volumes affected by limited demand during the month of Ramadan and Eid Al-Fitr. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in Revenue during current quarter compared to the previous quarter is due to a decline in sales volumes affected by limited demand during the month of Ramadan and Eid Al-Fitr. |
| Statement of the type of external auditor's report | Conservation |
| 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) | Basis for Qualified Conclusion As disclosed in Note 6 to the interim condensed consolidated financial statements relating to property, plant and equipment, management performed an impairment assessment during the year ended 31 December 2025, with the assistance of an external consultant, to determine whether any impairment existed in accordance with IAS 36 “Impairment of Assets.” The assessment was based on projected future cash flows and other key assumptions and was undertaken due to the presence of potential indicators of impairment of property, plant and equipment with a carrying amount to SAR 1,921 million as of and for the three-month period ended 31 March 2026 (31 December 2025: SAR 1,944 million). These indicators included a decline in the Group’s net profit compared to prior years and the underutilization of the main production lines, among other factors. Based on this assessment, management concluded that no impairment existed. However, we were unable to obtain sufficient appropriate audit evidence to evaluate the reasonableness of the key assumptions and forecasts used by management and its external consultant in performing this assessment. Accordingly, we were unable to determine whether any adjustments might be necessary to the interim condensed consolidated financial statements for the three-month period ended 31 March 2026 and the consolidated financial statements for the year ended 31 December 2025. Qualified Conclusion Except for the possible effects of the matter described in the Basis for Qualified Conclusion section of our report, based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial statements are not prepared, in all material respects, in accordance with IAS 34 as endorsed in the Kingdom of Saudi Arabia. |
| Reclassification of Comparison Items | None |
| Additional Information | Note (10.3): As at 31 December 2025, assessed indicators of impairment of its property, plant and equipment in accordance with the requirements of International Accounting Standard (IAS) 36 “Impairment of Assets.” An impairment assessment was performed with the support of an independent certified valuer using a value-in-use model, which is based on estimated future cash flows and a number of key assumptions relating to expected operational performance and future economic conditions. The results of this assessment concluded that no impairment exists in the value of these property, plant and equipment. The Company also affirms to its shareholders its continued commitment to applying best accounting policies and practices through the adoption of internal policies and procedures developed by specialized, accredited consulting firms and subject to periodic review and update. The Company further relies on independent certified experts and valuers for key technical estimates and significant valuations, enhancing the reliability and accuracy of its financial results. |
