| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Cherry's total revenue increased by 40% to SAR 169 million in 2Q 2026, primarily driven by a 137% increase in used car sales revenue and a 17% increase in leasing revenue. Long-term lease revenue increased by 16% , mainly due to new contracts, while short-term rental revenue increased by 40%, mainly due to the addition of new fleet in the short-term rental segment and the opening of new branches. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The increase in net profit in 2Q 2026 compared to 2Q 2025 was primarily driven by higher revenue, improved operational efficiency and disciplined cost control, which strengthened both gross profit and operating profit. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Cherry's total revenue amounted to SAR 169 million in 2Q 2026, a 14% increase compared to 1Q 2026, primarily driven by a 22% increase in used car sales revenue and an 11% increase in leasing revenue. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit amounted to SAR 16.2 million in 2Q 2026, a decrease of 11% compared to 1Q 2026, mainly due to a higher expected credit loss (ECL) allowance on receivables. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Total revenue increased to SAR 317.7 million in the current period compared to the same period of the prior year, primarily driven by used car sales revenue and overall growth in the lease fleet. Used car sales revenue increased by 211% and leasing revenue increased by 15%. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The increase in net profit in the current period compared to the same period of the prior year was mainly attributable to strong revenue growth, improved operational efficiency and disciplined cost control, which strengthened both gross profit and operating profit. |
| 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) | Other matter |
| Reclassification of Comparison Items | None |
| Additional Information | None |
