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Saudi Industrial Export Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months ) | premargin

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	-	-	-	-	-
Gross Profit (Loss)	-	-	-	-	-
Operational Profit (Loss)	-1.768	-1.592	11.055	-12.264	-85.583
Net Profit (Loss) Attributable to Shareholders of the Issuer	-1.461	-0.981	48.929	-15.365	-90.491
Total Comprehensive Income Attributable to Shareholders of the Issuer	-1.461	-0.978	49.386	-15.364	-90.49
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	98.562	123.962	-20.49
Profit (Loss) per Share	-0.01	-0.01
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	96.409	49.59
All figures are in (Millions) 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 absence of revenues during the current quarter and the previous year is attributable to the suspension of the Company’s operations and operations activities effective from the fourth quarter of 2024, as the Company’s management at that time chose to focus on investment activities.
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 increase in the loss during the current quarter compared to the corresponding quarter of the previous year is attributable to unrealized losses in the Company’s investment portfolio, despite a reduction in general and administrative expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The absence of revenues during the current quarter and the previous year is attributable to the suspension of the Company’s operations and operations activities effective from the fourth quarter of 2024, as the Company’s management at that time chose to focus on investment activities.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The decrease in the loss during the current quarter compared to the previous quarter is attributable to a reduction in general and administrative expenses during the current quarter, as well as the recognition of provisions in the previous quarter.
Statement of the type of external auditor's report	Notice
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 Company’s auditor’s report on the financial statements did not include any qualifications. However, it included an emphasis of matter regarding the existence of a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern. The Company’s management has prepared an assessment of the Group’s ability to continue operating, which includes assumptions related to improving liquidity, activating operational activities, and restructuring investments. Management has concluded that the use of the going concern basis in preparing the consolidated financial statements is appropriate, and the auditor’s opinion has not been modified in respect of this matter.
Reclassification of Comparison Items	Comparative figures in the financial statements have been reclassified
Additional Information	"The Company indicates that its accumulated losses have reached 49.59% of its share capital. As of 31/03/2026, the accumulated losses amounted to SAR 96,409,149 according to the financial statements for the period ended 31/03/2026, representing 49.59% of the Company’s share capital of SAR 194,400,000. The main reasons for these accumulated losses during the current and previous years include losses incurred from certain commercial transactions, an increase in general and administrative expenses—particularly computer license fees and consultancy contracts—provisions recorded due to difficulties in collecting receivables from customers and suppliers, delays in recovering installments and the investment amount in Murabaha sukuk, in addition to realized and unrealized losses in the Company’s investment portfolio. The Company will implement the procedures and instructions issued by the Capital Market Authority regarding listed companies whose accumulated losses have reached 35% or more of their share capital."