| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 103,616,517 | 116,037,303 | -10.7 | ||
| Gross Profit (Loss) | 26,666,146 | 37,059,683 | -28.05 | ||
| Operational Profit (Loss) | 13,465,549 | 23,737,644 | -43.27 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -4,636,829 | 42,855,291 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -4,830,491 | 43,137,692 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 137,425,702 | 160,818,693 | -14.55 | ||
| Profit (Loss) per Share | -0.37 | 3.43 | |||
| 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 company’s revenues decreased by 10.7%, reaching SAR 103.6 million for the fiscal year ended 31 December 2025, compared to SAR 116.0 million in the previous year. This decline is mainly attributable to a decrease in sales of glass products during the period, due to lower demand and reduced profit margins for some products |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company recorded a net loss of SAR 4.6 million in 2025, compared to a net profit of SAR 42.9 million in 2024. The main reasons for this change are as follows: First: Decrease in Revenues The company’s revenues decreased to SAR 103.6 million in 2025, compared to SAR 116.0 million in the previous year, representing a decline of SAR 12.4 million, or 10.7%. Second: Losses from Revaluation of Financial Assets The company recorded losses from the fair value revaluation of financial assets amounting to SAR 14.9 million in 2025, compared to revaluation gains of SAR 23.8 million in the previous year. Third: Expenses Related to Expansion and Acquisitions The company incurred additional general and administrative expenses related to expansion and acquisition plans announced during 2025, including: • On 23/11/2025, the company announced the signing of an agreement to acquire a glass and aluminum factory in Jeddah for SAR 5.2 million. • On 28/12/2025, the company also announced the signing of an agreement to acquire a glass factory in Hail for SAR 15 million |
| 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) | Not applicable |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the presentation of the current period’s financial statements |
| Additional Information | Not applicable |
