| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 2,437.8 | 2,063.2 | 18.16 | ||
| Gross Profit (Loss) | 605.9 | 498.3 | 21.59 | ||
| Operational Profit (Loss) | 405.8 | 340.2 | 19.28 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 293.3 | 266.1 | 10.22 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 292.4 | 263.4 | 11.01 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,014 | 833.9 | 21.6 | ||
| Profit (Loss) per Share | 0.59 | 0.53 | |||
| All figures are in (Millions) 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 (Millions) 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 | Revenue reached SAR 2,437.8 million during the current year, representing the highest annual revenue achieved by the Company since its inception, compared to revenue of SAR 2,063.2 million from the previous year, representing a growth of 18.1%. This is primarily attributed to the Company recording its highest-ever development contract revenue since inception, revenue from development contracts grew by 20.9% due to higher completion rates on ongoing projects and the commencement of new ones. Additionally, revenue from property and facility management increased by 11.2%. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net profit attributable to the Company’s Shareholders reached SAR 293.3 million during the current year, the highest annual net profit in the Company's history, compared to a net profit of SAR 266.1 million in the previous year, representing a growth of 10.2%. This is primarily attributed to a 21.6% increase in gross profit, driven by higher completion rates on ongoing projects and the commencement of new ones. Additionally, operating profit grew by 19.2% to reach SAR 405.8 million in the current year, compared to SAR 340.2 million in the previous year. These results were achieved despite an increase in operational costs during the current year compared to the prior year. It is worth noting that the Company realized a gain of SAR 32.6 million from the disposal of investments in an associate during the current year, resulting from the sale of a portion of the Company’s units in a real estate fund. Meanwhile, the share of results from equity accounted investments has decreased during the current year, this follows the liquidation of a real estate fund in the previous year, during which the Company recorded its share of liquidation profits amounting to SAR 50.6 million in the previous year. |
| 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) | N/A |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to conform with the current presentation. |
| Additional Information | For any inquiries, please contact Investor Relations Department at: +966138013803 or by e-mail: IR@retal.com.sa |
