| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 72,021 | 196,755 | -63.4 | ||
| Gross Profit (Loss) | -9,752 | 17,737 | - | ||
| Operational Profit (Loss) | -20,458 | -22,485 | -9.01 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -34,013 | -42,594 | -20.15 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -32,918 | -42,221 | -22.03 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 15,010 | 47,928 | -68.68 | ||
| Profit (Loss) per Share | -3.12 | -3.91 | |||
| 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 | - | - | |
| Accumulated Losses | -93,963 | 86.23 | |
| All figures are in (Thousands) 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 reason for the decrease in sales during this year compared to the previous year is mainly due to decline in production volumes during curent year, driven by challenges in securing supply chains and the availability of the raw materials required for operational processes. This has directly impacted reduction in sales volumes. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The main reason for the 20% decrease in net losses during the current year compared to the previous year is the recognition of non‑recurring capital gains resulting from the sale of one of the company’s unused assets (a building). This improvement also reflects the company’s success in reducing operating and administrative expenses. This decrease in net losses comes despite the company recognizing an expected credit loss (ECL) provision of 4 million Saudi riyals, in accordance with the requirements of IFRS 9 |
| 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) | 1- Emphasis of matter: We draw attention to Note 14.2 to the financial statements, which describes the non-compliance with a covenant related to outstanding loans and borrowings with a bank as at December 31, 2025. Management is in discussions with the financial institution to obtain a waiver and expects such waiver to be granted for future periods in accordance with the agreement. Our opinion is not modified in respect of this matter. 2- Material uncertainty related to going concern : As disclosed in note 3.3 to the consolidated financial statements, the accumulated losses of the Company as of December 31, 2025, is SR 93.96 million (2024: SR 61.05 million), which exceeded 50% of its share capital. This condition indicate that a material uncertainty exists that may cast significant doubt about the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter. |
| Reclassification of Comparison Items | N/A |
| Additional Information | Naseej Company announces that its accumulated losses have reached (93.96) million riyals as of December 31, 2025, at a rate of (86.23.%) of its capital. Procedures and Instructions Applicable on Companies Listed in Saudi Capital Market Whose Accumulated Losses Reach 20% or more out of the Capital Thereof will be Applied.The specified dates have also been clarified in accordance with Article 132 of the Companies Law in the company's announcement dated October 30, 2025, regarding the preliminary financial results for the period ending on 2025-09-30 (nine months). |
