| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The reason for the increase in sales during the current year compared to the previous year is due to the increase in the quantity of sales in addition to a rise in diesel prices. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for the decrease in net profit during the current year compared to the previous year is due to the increase in the cost of sales, G&A expenses, marketing, financing expenses and the current year’s inclusion of losses from changes in the fair value of investment properties, and the reversal of the compensation amount recorded in the Hafar Al-Batin land case, this is despite the increase in sales and decrease in the credit losses provision, increase in other income, increased investment income, and a rise in the change in the fair value of investments measured at fair value through profit and loss. |
| 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) | Nothing |
| Reclassification of Comparison Items | The comparative financial statements have been restated and reclassified, as explained in the notes to the consolidated financial statements as of December 31, 2024. |
| Additional Information | The (losses) of the change in the fair value of investment properties owned by Naft Co represents the company’s (80%) share excluding the portion attributable to non-controlling interests. - The number of shares for the previous period was retroactively amended to reflect the impact of the issued bonus shares, where the company's capital was increased from 60 million shares to 70 million shares after the approval of the Extraordinary General Assembly on June 9, 2024. |
| Attached Documents | Attached Documents |
