| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 477,143,568 | 504,337,619 | -5.39 | ||
| Gross Profit (Loss) | 104,210,892 | 115,723,925 | -9.95 | ||
| Operational Profit (Loss) | 54,331,494 | 71,577,318 | -24.09 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 46,602,502 | 66,219,323 | -29.62 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 47,419,782 | 66,386,412 | -28.57 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 200,133,907 | 162,714,125 | 23 | ||
| Profit (Loss) per Share | 0.47 | 0.66 | |||
| 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 | CGS generated total revenue of SAR 477.1 million in FY26, compared to SAR 504.3 million in FY25, representing a YoY decrease of 5.4%. Automotive Solutions segment: A normalization of market share and late year delays in expected customer orders, pointing to an overall softening of sentiment in the latter stages of FY26, resulted in a decline in revenue of 19.7% after an unusually strong FY25 which saw higher than average market share. At the same time, geopolitical developments in the region disrupted supply chains during late Q4, resulting in delays in project execution. Despite these pressures, overall revenue performance improved YoY in the Stationary Refrigeration and Customized Solutions segments, highlighting effective diversification, steady demand and a healthy backlog pipeline. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | CGS recorded a net profit of SAR 46.6 million in FY26, marking a 29.6% decline from SAR 66.2 million in FY25. The net profit margin also declined to 9.8%, compared to 13.1% in the previous year. This was the result of: Gross profit declined 9.9% to SAR 104.2 million in FY26, with margins contracting to 21.8% due to a shift in revenue mix but was in line with expectations. This reflects the increasing contribution of Stationary Refrigeration, which is dilutive in the short term but a key driver of long-term margin expansion as the segment increases the scale of its operations and the future service base that this business is creating. G&A expenses increased 7.4% to SAR 34.8 million driven by organizational investments to support public listing requirements, including an expanded Board of Directors, key hires, and listing-related fees. An increase in bad debt provisions also contributed to the increase in cost YoY. EBITDA decreased to SAR 61.7 million from SAR 77.2 million in FY25, with the margin compressing to 12.9% from 15.3%, primarily reflecting lower gross profit, the above-mentioned organizational investments, and increased bad debt provisions. |
| 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) | None |
| Reclassification of Comparison Items | Some comparative figures have been reclassified. The details of the reclassification are available in notes to financial statements. |
| Additional Information | - |
| Attached Documents | Attached Documents |