| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 509,206 | 408,690 | 24.594 | 421,206 | 20.892 |
| Gross Profit (Loss) | 273,545 | 223,321 | 22.489 | 250,594 | 9.158 |
| Operational Profit (Loss) | 202,083 | 154,788 | 30.554 | 187,830 | 7.588 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 201,665 | 142,033 | 41.984 | 180,890 | 11.484 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 202,060 | 142,380 | 41.915 | 180,890 | 11.703 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,708,430 | 1,633,957 | 4.557 |
| Gross Profit (Loss) | 962,286 | 915,215 | 5.143 |
| Operational Profit (Loss) | 727,262 | 709,416 | 2.515 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 697,890 | 661,435 | 5.511 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 698,285 | 661,782 | 5.515 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,622,194 | 1,402,309 | 15.68 |
| Profit (Loss) per Share | 8.72 | 8.27 | |
| 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 | SAL Saudi Logistics Services Company’s revenues for the current quarter amounted to SAR 509.2 million, representing an increase of 24.6% compared to SAR 408.7 million in the same quarter last year, mainly due to the following: • The 26.6% year-on-year increase in the Cargo Ground Handling Division’s revenue, supported by the continued enhancement in the service list offering, and a very strong quarter’s volume levels increase of 4.8% compared to the same quarter of last year. • The 15.7% year-on-year increase in the Logistics Division’s revenue, driven by the expanded service portfolio and capturing new clients. • As a result of this, the Company’s Operating Profit increased by 30.6% to reach SAR 202.1 million, compared to SAR 154.8 million in the same quarter of the previous year. |
| 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 by 42.0% compared to the same quarter last year, reaching SAR 201.7 million versus SAR 142.0 million. This growth was mainly driven by improved performance and revenue growth across both the Ground Handling and Logistics divisions. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | SAL Saudi Logistics Services Company’s revenues for the current quarter amounted to SAR 509.2 million, representing a 20.9% increase compared to the previous quarter. This growth was mainly driven by the continued enhancement of the Company’s service list offering and the 12.3% increase in handled volumes compared to the previous quarter of the year. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit increased by 11.5% from the previous quarter, amounting to SAR 201.7 million versus SAR 180.9 million. This increase is primarily driven by the continued enhancement of the Company’s service offerings in the Ground Handling Division, and the expanded service portfolio from the SAL Logistics Division to capture new clients and new verticals. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | SAL Saudi Logistics Services Company’s revenues for the current period amounted to SAR 1,708.4 million, representing a 4.6% increase compared to SAR 1,634.0 million for the same period last year. This growth was primarily attributable to the continued enhancement in the service list offering started during the second half of the year, and despite a slight decline of 1.1% in handled volumes compared to the exceptionally high base recorded in the last year. |
| 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 increased by 5.5% this year, reaching SAR 697.9 million versus SAR 661.4 million of last year, and this is mainly driven by the following: • The 6.9% year-on-year increase in the Ground Handling Division’s revenue, supported by the enhancement in the service list offering, despite the slight decline in volumes handled compared to last year’s exceptional levels. • The Company’s continued focus on improving operational efficiency, enhancing business agility, and optimizing costs. |
| 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) | None |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the current year’s presentation to these annual financial statements. |
| Additional Information | For any inquiries or further details, please contact the Investor Relations at (+966 12 6964168 or +966-550120163) or via email at: Investor.Relations@sal.sa |
| Attached Documents | Attached Documents |
