| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2026-03-31 Corresponding to 1447-10-12 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | Sales/Revenue Current Year 155,873,742 Previous Year 143,249,053 Change 8.81% Gross Profit (Loss) Current Year 41,666,147 Previous Year 32,595,831 Change 27.83% Earnings (Loss) per Share Current Year -2.92 Statement of Auditor's Report Type Attention Any observation included in the Auditor's Report, such as an "Other Matter" paragraph, reservation, attention, disclaimer of opinion, or dissenting opinion, as stated in the Auditor's Report. We would like to draw attention to Note (10) to the Notes to the Financial Statements, which states that the balance of advance payments for the purchase of investments is SAR 13,621,830, representing amounts paid by the Company to investee companies for the purpose of equity investment, and the necessary regulatory procedures for establishing the capital and issuing equity instruments have not yet been completed. |
| Correct Statement | Sales/Revenue Current Year 140,587,220 Previous Year 124,407,393 Change 13% Gross Profit (Loss) Current Year 38,489,572 Previous Year 29,969,205 Change 28.4% Earnings (Loss) per Share Current Year -3.55 Statement of Auditor's Report Type Reservation Any observation contained in the auditor's report, including any other matter, reservation, emphasis of matter, disclaimer of opinion, or dissenting opinion, as stated in the auditor's report. As explained in Note 9(a) to the financial statements, financial investments at fair value through profit or loss include investments in closed-end private equity funds totaling SAR 13,430,449 as of December 31, 2025, as presented in the statement of financial position. In addition, unrealized losses related to these investments, as presented in the statement of profit or loss and other comprehensive income for the year then ended, amounted to SAR 5,073,312. We were unable to obtain sufficient and appropriate audit evidence regarding the fair value measurement of these investments due to the unavailability of audited financial statements for the investment funds as of the reporting date, or any other sufficient and reliable alternative evidence that would enable us to reach a conclusion regarding the effect of the recorded value as of and for the year ended December 31, 2025. Accordingly, we were unable to determine whether any adjustments to these amounts were required. We would like to draw attention to Note (10) to the notes to the financial statements, which shows that the balance of advance payments for the purchase of investments amounted to SAR 13,621,830. This represents amounts paid by the company to the investment companies for the purpose of equity investment, and the necessary regulatory procedures for establishing the capital and issuing equity instruments have not yet been completed. |
| Additional Information | Regarding sales/revenue for 2025, the previously published figure correctly represents total revenue, while net revenue amounted to SAR 140,587,220. Similarly, for sales/revenue for 2024, the previously published figure also correctly represents total revenue, while net revenue amounted to SAR 124,407,393. |