| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 295,960.547 | 324,970.633 | -8.926 | 243,911.656 | 21.339 |
| Gross Profit (Loss) | 80,199.347 | 80,580.895 | -0.473 | 45,839.362 | 74.957 |
| Operational Profit (Loss) | 10,769.511 | 26,913.496 | -59.984 | -24,404.446 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 8,647.587 | 24,124.162 | -64.153 | -25,776.705 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 8,367.991 | 24,034.182 | -65.182 | -25,518.764 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 115,500,000 | 115,072,222 | 0.371 |
| Profit (Loss) per Share | 0.07 | 0.21 | |
| 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 | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenues decreased by 8.9% to SAR 295.96 million in Q1 2026 as compared to SAR 324.97 million in Q1 2025, primarily due to seasonal demand patterns and increased competition during the period. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit for Q1 2026 decreased by 64.2% to SAR 8.65 million, compared to SAR 24.12 million in Q1 2025. This was mainly driven by the following key components: - Revenue declined by 8.9% during the period; however, gross profit decreased marginally by 0.47%, reflecting an improvement in gross margin as a percentage of sales. This was primarily driven by effective pricing discipline and enhanced supplier terms, which strengthened overall cost efficiency. The improvement in gross profitability was partially offset by incremental costs associated with the expansion of the Jeddah warehouse and the rollout of offline stores. - Selling and marketing expenses increased by 31.9% to SAR 54.60 million versus SAR 41.39 million in Q1,2025, reflecting targeted expenditure in marketing campaigns and brand positioning to secure market share. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue increased by 21.3% in Q1 2026 compared to Q4 2025, reaching SAR 295.96 million versus SAR 243.91 million in the preceding quarter. This growth was primarily driven by seasonal demand, further supported by the contribution of offline stores. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The Company recorded a net profit of SAR 8.65 million in Q1 2026, compared to a net loss of SAR 25.78 million in Q4 2025, reflecting a turnaround from loss to profitability and a significant recovery in overall performance. This improvement was driven by the following key components: - Gross profit volume increased by 74.96%, reflecting higher revenue supported by growth in users, alongside seasonal support during the period. Gross margin percentage to sales improved, benefiting from improved supplier terms and pricing optimization, following the impact of competitive pricing pressures during the last quarter of 2025. - Operating profit increased from operating loss of SAR 24.4 million in Q4 2025 to an operating profit of SAR 10.77 million in Q1 2026, marking a strong turnaround in Q1 2026 compared to Q4 2025, driven by optimization of selling and marketing expenditure while maintaining market share amid intensified competition, alongside continued expenditures in general and administrative capabilities to support growth. |
| 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) | N.a |
| Reclassification of Comparison Items | Certain comparative figures for 31 March 2025 were reclassified to conform with the current period presentation. |
| Additional Information | - |
