| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 54,852,650 | 58,238,123 | -5.81 | ||
| Gross Profit (Loss) | 19,385,478 | 19,150,517 | 1.23 | ||
| Operational Profit (Loss) | 5,431,241 | 6,927,117 | -21.59 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 3,366,319 | 4,538,985 | -25.84 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,713,959 | 4,365,528 | -37.83 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 32,866,732 | 33,152,773 | -0.86 | ||
| Profit (Loss) per Share | 1.12 | 1.51 | |||
| 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 decrease in revenue compared to last year is due to a decline in the volume of operations caused by higher shipping costs and increased competition. |
| 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 decrease in net profit before zakat is the increase in the provision for expected credit losses, as the provision made during the current year amounted to SAR 2,224,454, compared to a provision in the previous year of SAR 535,231, which resulted in a net negative impact of SAR 2,759,685. |
| Statement of the type of external auditor's report | Notice |
| 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) | The auditor's report includes an emphasis of matter paragraph and an other matter paragraph, which read as follows: Emphasis of Matter As part of our review of the financial statements for 2025, we also reviewed the adjustments described in Note 31 that were applied to amend the financial statements for 2024. In our opinion, these adjustments are appropriate and have been applied correctly. We were not appointed to review, examine, or perform any action with respect to the Company's financial statements for 2024 other than in relation to these adjustments, and accordingly, we do not express any opinion or make any other form of assurance regarding the financial statements as a whole for 2024. Other Matter The Company's financial statements for the fiscal year ended December 31, 2024, were audited by another auditor who expressed an unmodified opinion on those statements in his report dated 27 Ramadan 1446 AH, corresponding to March 27, 2025. |
| Reclassification of Comparison Items | During the current fiscal year, management reassessed the accounting treatment and presentation of certain transactions and balances recorded in the financial statements to determine whether these transactions and balances were properly accounted for and presented in accordance with International Financial Reporting Standards (IFRS) adopted in the Kingdom of Saudi Arabia and other standards and pronouncements issued by the Saudi Organization for Certified Public Accountants (SOCPA). Accordingly, some comparative figures were reclassified. |
| Additional Information | - |
