| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 306 | 336 | -8.928 | 385 | -20.519 |
| Gross Profit (Loss) | 73 | 80 | -8.75 | 109 | -33.027 |
| Operational Profit (Loss) | 47 | 52 | -9.615 | 88 | -46.59 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 30 | 71 | -57.746 | 52 | -42.307 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 30 | 71 | -57.746 | 52 | -42.307 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 692 | 790 | -12.405 |
| Gross Profit (Loss) | 182 | 189 | -3.703 |
| Operational Profit (Loss) | 134 | 133 | 0.751 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 82 | 121 | -32.231 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 82 | 121 | -32.231 |
| Total Shareholders Equity (after Deducting Minority Equity) | 897 | 784 | 14.413 |
| Profit (Loss) per Share | 1.6 | 2.4 | |
| 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 | - | - | |
| 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 | Revenue decreased to SAR 306 million in the second quarter of financial year 2026 (“2Q 2026”) from SAR 336 million in the second quarter of financial year 2025 (“2Q 2025”), mainly as a result of the mix of products sold. |
| 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 Attributable to Shareholders of the Company decreased to SAR 30 million in 2Q 2026 compared to SAR 71 million in 2Q 2025, mainly due to the following reasons: a) Lands settlement compensation amounting to SAR 54 million recorded in 2Q 2025. b) Expected credit loss recorded in 2Q 2026. The above listed negative effects were partially offset by: c) The decrease of Selling, marketing and distribution expenses in 2Q 2026 compared to 2Q 2025, mainly as a result of non-periodic charges recorded in 2Q 2025. EBITDA represents earnings before interest, tax, depreciation, and amortization. SSP recorded a positive EBITDA of SAR 68 million in 2Q 2026 compared to SAR 73 million in 2Q 2025. As a result of the effective working capital management and the profitability recorded, SSP generated a positive Free Cash Flow of SAR 205 million in 2Q 2026, compared to a positive Free Cash Flow of SAR 1 million in 2Q 2025. SSP achieved a historical net cash position of SAR 175 million at the end of 2Q 2026, compared to net debt position of SAR (141) million at the end of 2Q 2025, as a result of the profitability recorded and the effective cash flow management. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue decreased to SAR 306 million in 2Q 2026 from SAR 385 million in the first quarter of financial year 2026 (“1Q 2026”), mainly as a result of the decrease in volume. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net Profit Attributable to Shareholders of the Company decreased to SAR 30 million in 2Q 2026 compared to SAR 52 million in 1Q 2026, mainly due to the following reasons: a) The decrease of gross profit in 2Q 2026 compared to 1Q 2026, mainly as a result of the decrease in volume. b) The increase of expected credit loss in 2Q 2026 compared to 1Q 2026. The above listed negative effects were partially offset by: c) The decrease of Selling, marketing and distribution expenses in 2Q 2026 compared to 1Q 2026. EBITDA represents earnings before interest, tax, depreciation, and amortization. SSP recorded a positive EBITDA of SAR 68 million in 2Q 2026 compared to SAR 109 million in 1Q 2026. As a result of the effective working capital management and the profitability recorded, SSP generated a positive Free Cash Flow of SAR 205 million in 2Q 2026, compared to a positive Free Cash Flow of SAR 1 million in 1Q 2026. Consequently, SSP achieve a net cash position of SAR 175 million at the end of 2Q 2026, compared to net debt position of SAR (29) million at the end of 1Q 2026. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue decreased to SAR 692 million in the six months period of financial year 2026 (“6M 2026”) from SAR 790 million in the six months period of financial year 2025 (“6M 2025”), as a result of the decrease in volume. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net Profit Attributable to Shareholders of the Company decreased to SAR 82 million in 6M 2026 compared to SAR 121 million in 6M 2025, mainly due to the following reasons: a) Lands settlement compensation amounting to SAR 54 million recorded in 6M 2025. b) Expected credit loss recorded in 6M 2026. The above listed negative effects were partially offset by: c) The decrease of Selling, marketing and distribution expenses in 6M 2026 compared to 6M 2025, mainly as a result of non-periodic charges recorded in 6M 2025. d) The decrease of finance charges in 6M 2026 compared to 6M 2025, mainly as a result of the decrease in borrowings. EBITDA represents earnings before interest, tax, depreciation, and amortization. SSP recorded a positive EBITDA of SAR 176 million in 6M 2026 compared to SAR 174 million in 6M 2025. As a result of the continued effective working capital management and the profitability recorded, despite the higher capital expenditure, SSP recorded a positive Free Cash Flow of SAR 206 million in 6M 2026 compared to a positive Free Cash Flow of SAR 211 million in 6M 2025. SSP achieved a net cash position of SAR 175 million at the end of 6M 2026 compared to net debt position of SAR (141) million at the end of 6M 2025, as a result of the profitability recorded and the effective cash flow management. |
| 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) | - |
| Reclassification of Comparison Items | - |
| Additional Information | See attached document for the highlights. |
| Attached Documents | Attached Documents |
