| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 43,101,462 | 46,585,200 | -7.48 | ||
| Gross Profit (Loss) | 18,616,471 | 20,087,792 | -7.32 | ||
| Operational Profit (Loss) | 6,884,766 | 9,896,820 | -30.43 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 6,270,877 | 15,481,977 | -59.49 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 6,291,240 | 15,901,488 | -60.44 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 37,283,517 | 40,992,277 | -9.05 | ||
| Profit (Loss) per Share | 1.25 | 3.1 | |||
| 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 | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The company’s revenues declined due to a slowdown in the execution of certain projects, as a result of a reduction in the volume of work within the company’s key targeted sectors by the relevant entities. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Company net profit was down due to 1- There was non-recurring income of 6,746,864 in 2024. 2- Higher provisions for expected credit losses resulting from a more conservative approach to assessing the quality and collectability of receivables, thereby strengthening asset quality and the company's financial position. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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 | No Material reclassification |
| Additional Information | The company announced during the year the award of two mangrove plantation projects on 24/02/2025 and 16/04/2025. The projects were initially planned to commence in the first half of the year; however, the expected start date was subsequently revised to the second half of the year, which has not materialized to date. The company is still awaiting approval of the two contracts to commence project execution and will disclose any relevant updates in due course. Assuming these projects commence within the current year, they are expected to have a positive impact on the company’s performance for the current financial year. |
