| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 184,332 | 235,020 | -21.567 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -4,920 | 4,263 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 139,022 | 142,404 | -2.374 | ||
| Profit (Loss) per Share | -0.52 | 0.45 | |||
| 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 | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Sales: Al Mujtama Alraida Company recorded a 22% decline in sales during the first half of 2026 compared to the same period of the previous year. This resulted in a sales decrease of SAR 50.7 million, bringing total sales to SAR 184.3 million, down from SAR 235 million in the first half of 2025. This is primarily attributed to: - A change in the policy of the company's largest credit customer. - The entry of new competitors serving the company's largest credit customer. - The entry of new competitors into the sector (discounters). |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net Loss: The company recorded a net loss of SAR (4.9) million in the first half of 2026 representing (2.7%) of sales compared to SAR 4.3 million in the first half of 2025. This is attributed to the following reasons: - Gross Profit: Gross profit decreased by SAR 7.4 million, reaching SAR 67.9 million in the first half of 2026 compared to SAR 75.3 million in the first half of 2025. This decline resulted from reduced credit sales to the company's largest credit customer and the entry of new competitors (discounters). - Operating Expenses: Operating expenses increased by SAR 3.2 million compared to the same period of the previous year, driven by company expansion and the closure of several loss-making branches. - There was also an increase of SAR 1 million compared to the same period of the previous year, primarily comprising interest expenses related to lease contract obligations and bank facility interest. Consequently, net profit decreased by SAR 9.1 million compared to the same period of the previous year. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | None |