Baazeem Trading Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months ) | premargin

Baazeem Trading Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )

TadawulMay 14, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	70,671,163	70,432,130	0.339	70,590,646	0.114
Gross Profit (Loss)	28,288,711	26,485,368	6.808	27,322,903	3.534
Operational Profit (Loss)	9,480,043	9,261,532	2.359	6,080,492	55.909
Net profit (Loss)	8,634,810	8,521,461	1.33	5,177,264	66.783
Total Comprehensive Income	8,634,810	8,521,461	1.33	5,199,158	66.08
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	207,792,048	202,576,235	2.574
Profit (Loss) per Share	0.09	0.08
All figures are in (Actual) 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 (Actual) 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	Baazeem trading net sales for the first Quarter 2025 ending on 31 March increased by 0.34% reached 70,671,163 compared to 70,432,130 in the first Quarter of 2024.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Baazeem trading net profit for the first Quarter 2025 ending on 31 March increased by 1.33% reached 8,634,810 compared to 8,521,461 in the first Quarter of 2024. The reason for the increase in net profit is driven by company efforts to reduce the cost of good sold.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Baazeem trading net sales for the first Quarter 2025 ending on 31 March increased by 0.11% reached 70,671,163 compared to 70,590,646 in quarter four of 2024.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	Baazeem trading net profit for the first Quarter 2025 ending on 31 March increased by 66.78% reached 8,634,810 compared to 5,177,264 in Quarter four of 2024. The increase in net profit is driven by 2 main reasons: - The calculation of the expected credit loss provision for the accounts receivable in the fourth quarter of 2024. - Creating a provision for the VAT differences of the year 2020 during the fourth quarter of 2024.
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)	Emphasis of matter: Refer to note no. (2) group information regarding the Group investment in Baazeem trading establishment - Qatar (a subsidiary). It shown that the investment is registered under the name of one of the main shareholders (Chairman of the Board of Directors) since the beginning of 2008. This investment was approved in the minutes of the meeting of the Board of Directors and the minutes of the Ordinary General Assembly of the company.
Reclassification of Comparison Items	Items, elements and notes of the comparatives Consolidated Financial Statements have been re-displayed, regrouped and reclassified to meet with the applied accounting policies for the current period, which have been prepared according to the International Financial Reporting Standards (IFRS) that were endorsed in the Kingdom of Saudi Arabia. Certain comparative amounts have been reclassified to conform to the current year’s presentation.
Additional Information	1- The total shareholder's equity increased by 2.57%, reaching 207,792,048 SAR on 31-03-2025 compared to 202,576,235 SAR on 31-03-2024, with no minority rights. 2- The earnings by share on the period ending 31-03-2025 increased by 12.5 %, reaching 0.09 compared to 0.08 on the same period last year ending 31-03-2024. Worth mentioning that the total number of company shares is 101,250,000 shares.