| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The 42.68% increase in revenues during the third quarter of 2025 compared to the same period of the previous year was driven by the company’s expansion of its operational activities across several key sectors within the Kingdom, including construction, petrochemicals, mining, events, and emergency transportation. The growth was further supported by the signing of new contracts with both government and private entities. Additionally, the company’s transformation and expansion plan contributed to enhanced operational efficiency, resulting in the highest quarterly revenue since the company’s establishment. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The 43.24% increase in net profit during the third quarter of 2025 compared to the same period of the previous year was primarily driven by higher operating revenues and improved operational efficiency as part of the company’s transformation and expansion plan. Net profit for the quarter was also affected by non-operating factors, including investment portfolio losses amounting to SAR 2.34 million, and one-time expenses of SAR 1.6 million related to the company’s transition to the Main Market (TASI). |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The 29.25% increase in revenues during the third quarter compared to the previous quarter was driven by the expansion of ongoing projects in the construction, mining, and events sectors, as well as the commencement of new contracts that contributed to higher operating revenues and a strong, stable performance. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase in net profit during the third quarter compared to the previous quarter, by 319%, is attributed to the improvement in operating revenues and the stabilization of activities at project sites. In addition, the previous quarter included one-off expenses related to the transition to the Main Market (TASI) amounting to SAR 800 thousand, which impacted its results. The current quarter, however, reflects the company’s true operational performance despite recording investment losses related to the investment portfolio, as well as bearing a one-time Tadawul transition cost of SAR 1.6 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The 29.32% increase in revenues for the nine-month period ended September 30, 2025, compared to the same period of the previous year, was driven by the company’s expansion across multiple sectors, including construction, petrochemicals, mining, events, and emergency transportation and signing of new operational contracts in various regions across the Kingdom further contributed to the diversification of income sources and reinforced sustainable growth in line with the company’s transformation and expansion plan. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The 102.7% increase in net profit for the nine-month period ended September 30, 2025, compared to the same period of the previous year, was driven by higher revenues and improved operating margins, in addition to the implementation of more efficient financial and operational policies under the company’s transformation and expansion plan. The period also included one-time expenses related to the company’s transition to the Main Market (TASI), as well as investment portfolio losses, making the operating profit a true reflection of the company’s strong underlying performance. |
| 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) | NA |
| Reclassification of Comparison Items | NA |
| Additional Information | - |
| Attached Documents | Attached Documents |
