| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 135,343,588 | 135,048,311 | 0.22 | ||
| Gross Profit (Loss) | 8,319,915 | 30,507,394 | -72.73 | ||
| Operational Profit (Loss) | 1,963,094 | 24,003,178 | -91.82 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 352,172 | 20,554,909 | -98.29 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 40,666 | 20,297,491 | -99.8 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 84,438,903 | 88,298,237 | -4.37 | ||
| Profit (Loss) per Share | 0.02 | 1.68 | |||
| 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 increase in revenues during the current year by 0.2% compared to the last year is due to: • An increase in building materials sales by 61% • Despite a 2% decrease in building contracting revenues, due to the limited award of new projects and heightened competition, in addition to the delay in the commencement of certain ongoing projects for regulatory reasons related to clients, which resulted in the deferral of revenue recognition during the period. The Company confirms that such projects remain included within the contract backlog. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The decrease in net profit during the current year by 98% compared to the last year is due to: • A 2% decrease in building contracting revenues • A 73% decrease in gross profit, as profit margins were adversely affected by competitive pricing strategies amid the limited award of new projects, leading to a higher contribution of low-margin projects within the overall revenue mix. • In addition, the Company incurred operating expenses, including workforce costs allocated to certain ongoing projects whose commencement was delayed for client-related regulatory reasons, which led to lower utilization rates and underutilization of available operational capacity. At the same time, the recognition of the related revenues was deferred. • The Company is currently working on enhancing resource utilization efficiency and expanding the scope of new project awards to restore and improve profit margins in the coming periods. |
| 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) | NA |
| Reclassification of Comparison Items | NA |
| Additional Information | Basic earnings per share related to shares were calculated by dividing the net profit attributable to common shareholders by the weighted average number of common shares outstanding during the year, where the weighted average number of shares outstanding for the year 2024 is (12,238,356) shares, and the weighted average number of shares outstanding for the year 2025 is (15,000,000) shares. For more details, please see Note No. (24) in the financial statements. |
| Attached Documents | Attached Documents |
