| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 237.08 | 235.89 | 0.5 | ||
| Gross Profit (Loss) | 142.96 | 145.15 | -1.51 | ||
| Operational Profit (Loss) | 51.93 | 47.45 | 9.44 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -18.27 | -31.6 | -42.18 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -18.64 | -31.95 | -41.66 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 951.31 | 1,016.63 | -6.42 | ||
| Profit (Loss) per Share | -0.2 | -0.34 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) 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 | Total revenues increased marginally by SAR 1.2 million during the period ending 2025, reaching SAR 237 million compared to SAR 235.8 million in last year. The Offices segment recorded a 6.6% increase in revenue, supported by strong growth in Yassmine Tower. The Retail segment recorded stable revenue growth, supported by strong performance at Andalus Mall following improved occupancy after the operating of the expansion “Alandalus Boulevard”. This was offset by the disposal of Manafea Al-Andalus Co. (Al-Marwa Center). Revenues from the hospitality segment declined by 19.9% compared to the previous year 2024, mainly due to lower occupancy at DoubleTree by Hilton Al Andalus Mall Hotel as renovation and enhancement works continued during the period. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company recorded a net loss of SAR 18.27 million in 2025, compared to a net loss of SAR 31.6 million in 2024. The reasons are mainly due to: • An increase in operating profit of 9.4% primarily driven by lower investment losses from certain associate companies, most notably West Jeddah Hospital (Dr. Sulaiman Al Habib Medical Hospital – Al-Fayhaa, Jeddah), which commenced operations on 31 March 2024. The improvement reflects stronger operating performance of the hospital during the period. In addition, interim losses of Al-Jawhara Al-Kubra declined due to improved occupancy rates at The Village Mall, while profitability at Aswaq Company increased. These positive developments were partially offset by higher general and administrative expenses and allowance for expected credit losses. • Lower Zakat expenses and the recognition of a gain from the disposal of a subsidiary (Manafea Al-Andalus Company / Al-Marwah center) Although a 1.5% decrease in gross profit due to higher cost of revenue, the overall impact led to a decline in net 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) | No |
| Reclassification of Comparison Items | Certain prior period figures have been re-classified to conform with the current period presentation. |
| Additional Information | On February 27, 2025, the Board of Directors approved the sale of the company's 70% stake in Manafea Alandalus – Al Marwa Center (a subsidiary) for SAR 15 million, resulting in a gain of SAR 3.9 million based on the subsidiary's balances as of January 1, 2025. For further details, please refer to Note 33 of the financial statements. We would like to inform our esteemed shareholders that the consolidated financial statements for the year ended December 31, 2025, will be available on the company's website at the link below after submission to the relevant authorities. The investor presentation for the current year will also be available on the Investor Relations application of Al-Andalus Property Company for smartphones and tablets, as well as on the company website under the Investor Relations section and under the Investor Presentation section. http://www.alandalus.com.sa |
| Attached Documents | Attached Documents Attached Documents |
