| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 143,424 | 111,863 | 28.21 | ||
| Gross Profit (Loss) | 37,609 | 24,113 | 55.97 | ||
| Operational Profit (Loss) | 11,012 | 453 | 2,330.91 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -3,379 | -3,753 | -9.96 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -3,710 | -4,219 | -12.06 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 163,800 | 167,511 | -2.21 | ||
| Profit (Loss) per Share | -0.02 | -0.02 | |||
| 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 | - | - | |
| Accumulated Losses | -11,922 | 6.81 | |
| 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 | The increase in revenue during the current year compared to the previous year by 28% is primarily attributable to a 50% increase in sales from the steel segment driven by contracts and projects, and a 41% increase in revenues from the logistics services segment due to the commencement of operations of SADR Park and other projects, despite a decline in sales in the wood segment by 2% and other segments by 33%. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | During the current year, the Company recorded profits of SAR 2 million in the third quarter and SAR 1.7 million in the fourth quarter, which contributed to a 10% reduction in net loss for the year compared to the previous year. This improvement is mainly attributable to the following: Revenue increased by 28%, compared to a 21% increase in cost of revenue, resulting in improved margins and a 56% increase in gross profit. Zakat provision decreased by 35%. Increase in other income. This was achieved despite an increase in selling and marketing expenses by 7%, general and administrative expenses by 18%, higher expected credit loss provisions, and an increase in finance costs by 26%, in addition to a 92% decline in investment income. The net losses are mainly attributable to the recognition of expected credit loss provisions amounting to SAR 8.8 million, in addition to impairment losses of SAR 1 million recorded during the period, which negatively impacted operating profit and net income. Excluding the impact of these two items, the Company would have reported a net profit of SAR 6.1 million for the year 2025. |
| 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) | According to the external auditor’s report, an “Other Matter” paragraph was included as follows: The Company’s financial statements for the year ended 31 December 2024 were audited by another auditor, who expressed an unmodified opinion thereon dated 6 April 2025 (corresponding to 8 Shawwal 1446H). |
| Reclassification of Comparison Items | Certain comparative figures have been re-presented and classified to conform to the presentation for the current period. |
| Additional Information | Basic and diluted earnings per share for the current period and the corresponding period of the previous year were calculated by dividing the net profit or loss for each period after zakat attributable to the company's shareholders by the weighted average number of ordinary shares outstanding at the end of each period, where the weighted average number of shares for the current period was 175,000,000 shares and the number of shares for the corresponding period of the previous year was 175,000,000 shares. |
