| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,880.1 | 1,987.7 | -5.41 | ||
| Gross Profit (Loss) | 822.9 | 709.3 | 16.02 | ||
| Operational Profit (Loss) | 597.7 | 481 | 24.26 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 296 | 215.1 | 37.61 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 319.2 | 230.5 | 38.48 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 5,298.3 | 4,979 | 6.41 | ||
| Profit (Loss) per Share | 0.79 | 0.57 | |||
| 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 | Revenues for the current year decreased by 5.4% (SAR 108 million) compared to the previous year, primarily due to the following: - Decrease in infrastructure projects revenues by 20% with the amount of ( SAR 193 million). - Decrease in construction projects revenues by 91% with the amount of ( SAR 44 million). However, property sales revenues has increased by 14% with the amount of ( SAR 79 million), in addition to an increase in rental revenues by 9% with the amount of ( SAR 29 million) , mainly driven by higher occupancy rates and an increase in the average rental rate per square meter. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net profit for the current year increased by 37.6% compared to the previous year, primarily due to the increase in gross profit from infrastructure projects, property sales in addition to the decrease in financial charges, with an increase in income from Shariah compliant time deposits . |
| 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) | 1- We draw attention to note (9) to the consolidated financial statements for the year ended 31 December 2023, as stated therein, certain land parcels owned by the Group are currently not available for use or development due to various reasons, of which certain reasons relate to the areas where these lands are located and other related to the fact that they are under study from specialised committees to resolve these matters. The management is currently communicating with the related government agencies and committees to address these reasons to allow the use of these lands. The impact on the net realisable value of these lands is still uncertain and depend on the final results of the study by the assigned committees. The carrying value of these lands amounted to SR 438 million as at 31 December 2025 (31 December 2024: SR 438million). 2- We draw attention to note (9) to the consolidated financial statements. as stated therein, during the period; it has come to management’s attention that the land which was designated for the Al Widyan project is located within an area that is currently under study by the relevant government agencies with the aim of developing it, which may result into a fundamental change to the original project’s plan and may impact the land’s realisable value. The effect of the extent of this study remains uncertain and is dependent on future development by the relevant government agencies’ plan. The carrying value of the land and capital work-in-progress amounted to SR 2.9 billion as at 31 December 2025 (31 December 2024: SR 2.9 billion). |
| Reclassification of Comparison Items | Certain of the prior period amounts have been reclassified to conform to the presentation in the current period. |
| Additional Information | - |
| Attached Documents | Attached Documents |
