| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Sales increased in the current quarter compared to the same quarter in pervious year by 12.2% due to volume growth resulting from the expansion of the station network, higher diesel prices, as well as incremental sales contributions from new Palm stores. |
| 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 decline in net profit during the current quarter compared to the same quarter of the previous year was primarily attributable to higher cost of sales, lower other operating income, lower finance income, and the absence of prior year gains arising from the fair value remeasurement of the xAI investment. This was partially offset by higher sales, lower G&A and marketing expenses, reduced expected credit loss provisions, and higher other gains and dividend income received from investments. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in sales during the current quarter compared to the previous quarter was mainly attributable to the seasonal impact on revenues combined with the continued expansion of the station network. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in losses a quarter-over-quarter basis was primarily driven by higher revenues, which led to an increase in gross profit, together with decrease in the G&A expenses, reduced expected credit loss provisions, higher other operating income and gains, increased dividend income received from investments, and lower Zakat expense. This was achieved despite higher selling and marketing expenses, lower finance income, and the inclusion in the previous quarter of gains resulting from the sales of Aramco shares. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The increase in sales during the current period compared to the corresponding period of the previous year was mainly attributable to higher sales volumes driven by the expansion of the station network, growth in sales from Palm stores and the transport sector, together with higher diesel selling prices. |
| 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 decline in net profit during the current period compared to the same period of the previous year was primarily attributable to higher cost of sales, increased expected credit loss provisions, lower other operating income, higher finance costs, and absence of the prior year gains arising from the fair value remeasurement of the xAI investment, in addition to higher Zakat expense. This was partially offset by higher sales, lower G&A and marketing expenses, higher gains from the sales of Aramco shares, and increased investment income |
| 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) | Nothing |
| Reclassification of Comparison Items | Nothing |
| Additional Information | The financial results for the current period do not include any gains arising from the revaluation of the investment in xAI, as the updated valuations had not been received from the investment fund as at the date of preparation of these interim financial statements. |
| Attached Documents | Attached Documents |
