| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 40,148 | 43,875 | -8.49 | ||
| Gross Profit (Loss) | 22,609 | 25,938 | -12.83 | ||
| Operational Profit (Loss) | -7,165 | -8,968 | -20.1 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -20,042 | 103 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -19,819 | -2,236 | 786.36 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 247,392 | 267,211 | -7.42 | ||
| Profit (Loss) per Share | -0.64 | 0 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | 2,151 | 0.68 | |
| Accumulated Losses | -67,608 | -21.4 | |
| All figures are in (Thousands) 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 | Is mainly attributable to the decline in revenues generated from Al-Khumrah land, in addition to the absence of revenues from Al-Hayat Forsan Hotel in AL-Qurayyat, which declined by 100%. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Profits realized from investments at fair value in the previous year compared to losses incurred in the current year. Profits recognized from discontinued operations in the previous year compared to the current year. A decline in gains arising from investment properties measured at fair value during the current year compared to the previous year. |
| 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) | Material Uncertainty Related to Going Concern We draw attention to note 2.4 to the consolidated financial statements, which indicates that, as at the reporting date, the Group has accumulated losses amounting to SR 67.6 million and its current liabilities exceeded its current assets, resulting in a working capital deficit of SR 138.9 million. In addition, the Group incurred a net loss of SR 21.8 million and reported negative cash flows from operating activities of SR 1 million for the year ended 31 December 2025. These events and conditions, along with other matters as set forth in note 2.4 to the accompanying consolidated financial statements, indicate the existence of a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern. Our opinion is not modified in respect of this matter. |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to match the current years classification . |
| Additional Information | As of December 31, 2025, accumulated losses total 67.608 million Saudi riyals, which is 21.4% of the capital. The procedures and instructions issued by the Capital Market Authority applicable to companies listed on the Saudi financial market whose accumulated losses have reached 20% or more but less than 35% of their share capital will be implemented. |
